Fresh Del Monte Produce Inc. (NYSE:FDP) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,060,576 shares of the company’s stock after purchasing an additional 59,521 shares during the period. Charles Schwab Investment Management Inc. owned 2.21% of Fresh Del Monte Produce worth $31,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after purchasing an additional 156,344 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Fresh Del Monte Produce by 17.5% during the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after acquiring an additional 94,854 shares during the last quarter. LSV Asset Management increased its holdings in shares of Fresh Del Monte Produce by 31.4% during the 2nd quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after acquiring an additional 88,498 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Fresh Del Monte Produce by 7.7% during the 2nd quarter. AQR Capital Management LLC now owns 337,076 shares of the company’s stock valued at $7,365,000 after acquiring an additional 24,111 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Fresh Del Monte Produce by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 249,340 shares of the company’s stock valued at $7,366,000 after acquiring an additional 12,596 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Stock Performance

FDP opened at $34.47 on Wednesday. The stock has a market cap of $1.65 billion, a PE ratio of 104.46 and a beta of 0.41. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The stock’s 50 day simple moving average is $31.24 and its 200-day simple moving average is $27.22.

Fresh Del Monte Produce (NYSE:FDP) last issued 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. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.90%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 303.04%.

Fresh Del Monte Produce 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.