Thrivent Financial for Lutherans Sells 1,483 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Thrivent Financial for Lutherans lowered its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,351 shares of the company’s stock after selling 1,483 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.05% of Fresh Del Monte Produce worth $778,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FDP. American Century Companies Inc. grew its holdings in Fresh Del Monte Produce by 29.8% in the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after buying an additional 156,344 shares in the last quarter. Millennium Management LLC increased its holdings in Fresh Del Monte Produce by 17.5% in the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after purchasing an additional 94,854 shares during the period. LSV Asset Management lifted its stake in shares of Fresh Del Monte Produce by 31.4% in the second quarter. LSV Asset Management now owns 370,095 shares of the company’s stock worth $8,087,000 after acquiring an additional 88,498 shares during the period. AQR Capital Management LLC grew its holdings in 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 worth $7,365,000 after acquiring an additional 24,111 shares during the period. Finally, Empowered Funds LLC boosted 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 worth $7,366,000 after buying an additional 12,596 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

FDP stock opened at $34.47 on Wednesday. The stock has a market capitalization of $1.65 billion, a PE ratio of 104.37 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The company’s 50-day moving average is $31.24 and its 200-day moving average is $27.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.47 by $0.30. The business had revenue of $1.02 billion for 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 company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share.

Fresh Del Monte Produce Announces Dividend

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

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.