Fresh Del Monte Produce Inc. (NYSE:FDP) Stock Position Increased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 64.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,141 shares of the company’s stock after buying an additional 8,710 shares during the quarter. Mackenzie Financial Corp’s holdings in Fresh Del Monte Produce were worth $484,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in Fresh Del Monte Produce by 2.2% in the 2nd quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock valued at $596,000 after acquiring an additional 594 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Fresh Del Monte Produce by 2.3% during the second quarter. SummerHaven Investment Management LLC now owns 29,493 shares of the company’s stock valued at $644,000 after purchasing an additional 659 shares during the last quarter. Parallel Advisors LLC grew its position 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 buying an additional 743 shares during the last quarter. Summit Global Investments increased its holdings in shares of Fresh Del Monte Produce by 2.8% in the second quarter. Summit Global Investments now owns 27,726 shares of the company’s stock valued at $606,000 after buying an additional 756 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Fresh Del Monte Produce by 232.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after acquiring an additional 1,121 shares during the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

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 Price Performance

NYSE FDP opened at $28.96 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $30.59. The company has a market cap of $1.39 billion, a PE ratio of -56.78 and a beta of 0.41. The stock’s 50-day moving average price is $28.24 and its two-hundred day moving average price is $25.36.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.18 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.45%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently -196.08%.

Insider Activity

In related news, Director Mary Ann Cloyd sold 1,689 shares of the business’s stock in a transaction that occurred 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 directly owns 22,188 shares of the company’s stock, valued at approximately $603,513.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Ann Cloyd sold 1,689 shares of Fresh Del Monte Produce stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $27.20, for a total value of $45,940.80. Following the sale, the director now owns 22,188 shares of the company’s stock, valued at approximately $603,513.60. This represents a 0.00 % decrease in their ownership of the stock. 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. Company insiders own 30.10% of the company’s stock.

About Fresh Del Monte Produce

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.