Texas Permanent School Fund Corp Has $701,000 Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Texas Permanent School Fund Corp boosted its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 8.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,070 shares of the company’s stock after acquiring an additional 2,585 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of Fresh Del Monte Produce worth $701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Fresh Del Monte Produce by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock worth $119,194,000 after purchasing an additional 143,363 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Fresh Del Monte Produce by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 839,623 shares of the company’s stock valued at $22,040,000 after buying an additional 17,987 shares during the period. Allianz Asset Management GmbH lifted its position in Fresh Del Monte Produce by 107.6% in the 4th quarter. Allianz Asset Management GmbH now owns 477,811 shares of the company’s stock worth $12,543,000 after buying an additional 247,702 shares in the last quarter. Invenomic Capital Management LP boosted its stake in shares of Fresh Del Monte Produce by 11.8% during the 1st quarter. Invenomic Capital Management LP now owns 385,584 shares of the company’s stock valued at $9,990,000 after buying an additional 40,609 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Fresh Del Monte Produce by 31.4% during the 2nd 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.

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 report on Monday, August 5th.

Fresh Del Monte Produce Trading Down 1.0 %

Fresh Del Monte Produce stock opened at $29.18 on Friday. The company’s fifty day simple moving average is $27.08 and its 200-day simple moving average is $25.04. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. Fresh Del Monte Produce Inc. has a 12 month low of $21.23 and a 12 month high of $30.59. The stock has a market cap of $1.40 billion, a P/E ratio of -57.22 and a beta of 0.42.

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

Fresh Del Monte Produce Dividend Announcement

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

Insider Buying and Selling

In related news, VP Alexandre Apparecido sold 1,500 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total value of $41,340.00. Following the completion of the sale, the vice president now directly owns 1,139 shares in the company, valued at $31,390.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s 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 at this link. Also, VP Alexandre Apparecido sold 1,500 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,915 shares of company stock worth $301,603. Corporate insiders own 30.10% of the company’s stock.

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.