Principal Financial Group Inc. Has $4.67 Million Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Principal Financial Group Inc. lowered its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,209 shares of the company’s stock after selling 17,434 shares during the quarter. Principal Financial Group Inc. owned approximately 0.33% of Fresh Del Monte Produce worth $4,673,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FDP. nVerses Capital LLC acquired a new position in Fresh Del Monte Produce during the 2nd quarter valued at about $28,000. GAMMA Investing LLC boosted its stake in Fresh Del Monte Produce by 232.1% in the second 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. Lazard Asset Management LLC acquired a new stake in Fresh Del Monte Produce during the 1st quarter worth $48,000. EntryPoint Capital LLC acquired a new stake in Fresh Del Monte Produce during the 1st quarter worth $49,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Down 0.8 %

Fresh Del Monte Produce stock opened at $33.60 on Friday. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 101.82 and a beta of 0.41. The company’s 50 day simple moving average is $30.58 and its 200 day simple moving average is $26.72.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.30. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $989.45 million. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio is currently 303.04%.

Analyst Ratings Changes

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