Martingale Asset Management L P Sells 2,570 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Martingale Asset Management L P lowered its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,340 shares of the company’s stock after selling 2,570 shares during the quarter. Martingale Asset Management L P owned 0.14% of Fresh Del Monte Produce worth $1,989,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Fresh Del Monte Produce by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock valued at $119,194,000 after acquiring an additional 143,363 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Fresh Del Monte Produce during the 1st quarter valued at about $48,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Fresh Del Monte Produce by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,856 shares of the company’s stock worth $722,000 after purchasing an additional 1,471 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Fresh Del Monte Produce by 324.0% in the first quarter. Public Employees Retirement System of Ohio now owns 9,876 shares of the company’s stock worth $256,000 after buying an additional 7,547 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Fresh Del Monte Produce by 232.1% during the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after buying an additional 1,121 shares during the period. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

FDP opened at $33.75 on Friday. The firm has a market cap of $1.62 billion, a P/E ratio of 102.28 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 company has a 50 day simple moving average of $31.13 and a two-hundred day simple moving average of $27.11. 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 released its quarterly earnings data on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $989.45 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

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

Analysts Set New Price Targets

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

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.