Thrivent Financial for Lutherans Has $608,000 Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Thrivent Financial for Lutherans cut its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,834 shares of the company’s stock after selling 1,392 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Fresh Del Monte Produce worth $608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FDP. LSV Asset Management increased its stake in Fresh Del Monte Produce by 14.4% in the first quarter. LSV Asset Management now owns 281,597 shares of the company’s stock valued at $7,296,000 after purchasing an additional 35,395 shares in the last quarter. Vanguard Group Inc. grew its holdings in Fresh Del Monte Produce by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,456,951 shares of the company’s stock valued at $116,995,000 after buying an additional 48,784 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Fresh Del Monte Produce in the 1st quarter valued at $1,749,000. Principal Financial Group Inc. increased its stake in Fresh Del Monte Produce by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 183,911 shares of the company’s stock worth $4,765,000 after acquiring an additional 2,051 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Fresh Del Monte Produce by 10.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 73,440 shares of the company’s stock valued at $1,903,000 after acquiring an additional 6,915 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Stock Performance

NYSE FDP opened at $29.02 on Wednesday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -56.90 and a beta of 0.41. The business has a 50-day moving average price of $28.42 and a 200-day moving average price of $25.42. 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 twelve month low of $21.23 and a twelve month high of $30.59.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.06 earnings per share 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 company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business posted $0.99 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders 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 3.45%. Fresh Del Monte Produce’s dividend payout ratio is currently -196.08%.

Insiders Place Their Bets

In related news, Director Mary Ann Cloyd sold 1,689 shares of the company’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 sale, the director now directly owns 22,188 shares of the company’s stock, valued at $603,513.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mary Ann Cloyd sold 1,689 shares of the company’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 sale, the director now directly owns 22,188 shares in the company, valued at $603,513.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the vice president now directly owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,915 shares of company stock valued at $301,603 in the last 90 days. 30.10% of the stock is owned by insiders.

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.

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.