Point72 Asia Singapore Pte. Ltd. Lowers Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Point72 Asia Singapore Pte. Ltd. cut its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 51.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,217 shares of the company’s stock after selling 1,272 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Fresh Del Monte Produce were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDP. Parallel Advisors LLC grew its holdings in Fresh Del Monte Produce by 197.6% in 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. nVerses Capital LLC bought a new stake in shares of Fresh Del Monte Produce in the 2nd quarter worth approximately $28,000. GAMMA Investing LLC grew its stake in shares of Fresh Del Monte Produce by 232.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock worth $35,000 after buying an additional 1,121 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Fresh Del Monte Produce during the first quarter valued at $48,000. Finally, EntryPoint Capital LLC bought a new stake in Fresh Del Monte Produce in the first quarter worth $49,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fresh Del Monte Produce

In related news, Director Mary Ann Cloyd sold 1,689 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $27.20, for a total value of $45,940.80. Following the transaction, the director now directly owns 22,188 shares of the company’s stock, valued at approximately $603,513.60. The sale was disclosed in a legal filing with the SEC, which is available 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 sale, the director now directly owns 22,188 shares in the company, valued at approximately $603,513.60. The sale 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 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 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 ninety days, insiders sold 10,915 shares of company stock worth $301,603. 30.10% of the stock is owned by company insiders.

Fresh Del Monte Produce Trading Up 0.7 %

Shares of NYSE FDP opened at $29.75 on Wednesday. The firm’s 50 day moving average price is $27.94 and its 200-day moving average price is $25.28. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week 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. The company has a market cap of $1.42 billion, a PE ratio of -58.33 and a beta of 0.42.

Fresh Del Monte Produce (NYSE:FDP) last released 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. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. 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 prior year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.36%. Fresh Del Monte Produce’s dividend payout ratio is currently -196.08%.

Analysts Set New Price Targets

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

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.