Aigen Investment Management LP Buys New Shares in Fresh Del Monte Produce Inc. (NYSE:FDP)

Aigen Investment Management LP purchased a new stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,829 shares of the company’s stock, valued at approximately $290,000.

Several other large investors have also made changes to their positions in the business. nVerses Capital LLC purchased a new position in Fresh Del Monte Produce in the 2nd quarter worth approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of Fresh Del Monte Produce by 232.1% in the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock worth $35,000 after buying an additional 1,121 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Fresh Del Monte Produce during the first quarter worth $48,000. EntryPoint Capital LLC purchased a new position in Fresh Del Monte Produce during the first quarter valued at $49,000. Finally, Canada Pension Plan Investment Board bought a new stake in Fresh Del Monte Produce in the 2nd quarter valued at $68,000. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.75, for a total transaction of $150,321.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 30.10% of the stock is currently owned by company insiders.

Fresh Del Monte Produce Stock Performance

NYSE:FDP opened at $33.81 on Friday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 102.46 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The stock’s 50 day simple moving average is $30.15 and its two-hundred day simple moving average is $26.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04.

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

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, November 14th. Fresh Del Monte Produce’s payout ratio is 303.04%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

About Fresh Del Monte Produce

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.