Kovitz Investment Group Partners LLC Grows Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Kovitz Investment Group Partners LLC boosted its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 50.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,607 shares of the company’s stock after purchasing an additional 37,207 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fresh Del Monte Produce were worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of Fresh Del Monte Produce by 1.2% in the third quarter. State Street Corp now owns 1,306,527 shares of the company’s stock worth $38,595,000 after purchasing an additional 15,278 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Fresh Del Monte Produce by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $31,329,000 after acquiring an additional 59,521 shares in the last quarter. American Century Companies Inc. increased its position in shares of Fresh Del Monte Produce by 29.8% during the second quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after acquiring an additional 156,344 shares during the period. Millennium Management LLC increased its position in shares of Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock worth $13,906,000 after acquiring an additional 94,854 shares during the period. Finally, LSV Asset Management raised its stake in shares of Fresh Del Monte Produce by 31.4% during the second quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after acquiring an additional 88,498 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Down 0.4 %

Shares of NYSE:FDP opened at $33.42 on Tuesday. The business’s 50 day moving average is $31.71 and its 200 day moving average is $27.58. The stock has a market cap of $1.60 billion, a P/E ratio of 101.27 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.99%. Fresh Del Monte Produce’s dividend payout ratio is currently 303.03%.

Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.