Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Acquired by Clifford Capital Partners LLC

Clifford Capital Partners LLC lifted its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,618 shares of the company’s stock after acquiring an additional 1,470 shares during the quarter. Clifford Capital Partners LLC owned 0.06% of Fresh Del Monte Produce worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of Fresh Del Monte Produce by 197.6% during the 4th 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 last quarter. Humankind Investments LLC increased its holdings in shares of Fresh Del Monte Produce by 13.4% in the 4th quarter. Humankind Investments LLC now owns 13,309 shares of the company’s stock valued at $349,000 after acquiring an additional 1,568 shares during the last quarter. Invenomic Capital Management LP raised its position in shares of Fresh Del Monte Produce by 29.2% during the 4th quarter. Invenomic Capital Management LP now owns 344,975 shares of the company’s stock worth $9,056,000 after acquiring an additional 78,067 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth about $850,000. Finally, Vanguard Group Inc. boosted its holdings in Fresh Del Monte Produce by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,456,951 shares of the company’s stock valued at $116,995,000 after purchasing an additional 48,784 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Fresh Del Monte Produce news, VP Alexandre Apparecido sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mary Ann Cloyd sold 1,689 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $27.20, for a total transaction of $45,940.80. Following the transaction, the director now owns 22,188 shares in the company, valued at approximately $603,513.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 sale, the vice president now owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,915 shares of company stock valued at $301,603. Insiders own 30.10% of the company’s stock.

Fresh Del Monte Produce Stock Up 0.7 %

Shares of NYSE FDP opened at $29.75 on Wednesday. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $30.59. The firm’s 50 day moving average price is $27.94 and its 200 day moving average price is $25.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 2.08. The firm has a market cap of $1.42 billion, a P/E ratio of -58.33 and a beta of 0.42.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.46. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate 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%. Fresh Del Monte Produce’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.36%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is -196.08%.

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.