SG Americas Securities LLC Has $513,000 Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

SG Americas Securities LLC grew its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,357 shares of the company’s stock after buying an additional 576 shares during the period. SG Americas Securities LLC’s holdings in Fresh Del Monte Produce were worth $513,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FDP. nVerses Capital LLC bought a new stake in Fresh Del Monte Produce during the second quarter worth approximately $28,000. GAMMA Investing LLC grew its stake in Fresh Del Monte Produce by 232.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after buying an additional 1,121 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Fresh Del Monte Produce in the 1st quarter valued at $48,000. EntryPoint Capital LLC bought a new position in Fresh Del Monte Produce in the 1st quarter worth $49,000. Finally, Canada Pension Plan Investment Board acquired a new position in Fresh Del Monte Produce during the 2nd quarter worth $68,000. Institutional investors own 64.83% of the company’s stock.

Insider Buying and Selling

In other Fresh Del Monte Produce news, Director Mary Ann Cloyd sold 1,689 shares of the business’s stock in a transaction on 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 $603,513.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Monica Vicente sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $27.44, for a total transaction of $49,392.00. Following the completion of the transaction, the chief financial officer now owns 3,466 shares in the company, valued at $95,107.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Ann Cloyd sold 1,689 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $27.20, for a total value of $45,940.80. Following the completion of the sale, the director now owns 22,188 shares in the company, valued at $603,513.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,915 shares of company stock valued at $301,603 over the last ninety days. 30.10% of the stock is owned by company insiders.

Fresh Del Monte Produce Stock Performance

NYSE FDP opened at $29.19 on Wednesday. The company’s fifty day moving average is $28.70 and its two-hundred day moving average is $25.53. 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 current ratio of 2.08 and a quick ratio of 1.07. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -57.24 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down 3.5% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.