American Century Companies Inc. Has $14.89 Million Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

American Century Companies Inc. increased its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 29.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 681,344 shares of the company’s stock after buying an additional 156,344 shares during the period. American Century Companies Inc. owned 1.42% of Fresh Del Monte Produce worth $14,887,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FDP. nVerses Capital LLC bought a new stake in shares of Fresh Del Monte Produce during the 2nd quarter valued at $28,000. Parallel Advisors LLC grew its stake in shares of Fresh Del Monte Produce by 197.6% during the fourth quarter. Parallel Advisors LLC now owns 1,119 shares of the company’s stock worth $29,000 after purchasing an additional 743 shares during the period. GAMMA Investing LLC increased its holdings in Fresh Del Monte Produce by 232.1% in the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after purchasing an additional 1,121 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Fresh Del Monte Produce in the first quarter valued at about $48,000. Finally, EntryPoint Capital LLC bought a new position in Fresh Del Monte Produce during the first quarter worth about $49,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Fresh Del Monte Produce Trading Down 1.0 %

FDP opened at $29.18 on Friday. The firm’s fifty day moving average is $26.94 and its two-hundred day moving average is $25.00. The firm has a market cap of $1.40 billion, a PE ratio of -57.94 and a beta of 0.42. Fresh Del Monte Produce Inc. has a twelve month low of $21.23 and a twelve month high of $30.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 2.08.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, August 15th. Fresh Del Monte Produce’s dividend payout ratio is currently -196.08%.

Insider Activity

In related news, VP Alexandre Apparecido sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $27.56, for a total transaction of $41,340.00. Following the completion of the sale, the vice president now directly owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Mary Ann Cloyd sold 1,689 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $27.20, for a total value of $45,940.80. Following the sale, the director now directly owns 22,188 shares in the company, valued at $603,513.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Alexandre Apparecido sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $27.56, for a total value of $41,340.00. Following the transaction, the vice president now directly owns 1,139 shares of the company’s stock, valued at $31,390.84. The disclosure for this sale can be found here. Insiders have sold 10,915 shares of company stock worth $301,603 in the last 90 days. Corporate insiders own 30.10% of the company’s stock.

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.