Carolina Wealth Advisors LLC Boosts Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Carolina Wealth Advisors LLC increased its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 2.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,403 shares of the company’s stock after buying an additional 486 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Fresh Del Monte Produce were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FDP. State Street Corp grew its position in shares of Fresh Del Monte Produce by 1.2% during the third quarter. State Street Corp now owns 1,306,527 shares of the company’s stock worth $38,595,000 after acquiring an additional 15,278 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Fresh Del Monte Produce by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $31,329,000 after purchasing an additional 59,521 shares during the period. Geode Capital Management LLC grew its position in Fresh Del Monte Produce by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 773,116 shares of the company’s stock worth $22,842,000 after purchasing an additional 2,767 shares during the last quarter. American Century Companies Inc. grew its position in Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after purchasing an additional 156,344 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Fresh Del Monte Produce by 17.5% in the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after buying an additional 94,854 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of FDP opened at $31.41 on Thursday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 95.18 and a beta of 0.41. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The firm has a 50-day simple moving average of $33.31 and a 200-day simple moving average of $29.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09.

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

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 3.18%. Fresh Del Monte Produce’s dividend payout ratio is currently 303.04%.

Fresh Del Monte Produce Company 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.