BNP Paribas Financial Markets Lowers Stock Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

BNP Paribas Financial Markets cut its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 35.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,768 shares of the company’s stock after selling 9,941 shares during the period. BNP Paribas Financial Markets’ holdings in Fresh Del Monte Produce were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FDP. Charles Schwab Investment Management Inc. raised its stake in shares of Fresh Del Monte Produce by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $31,329,000 after purchasing an additional 59,521 shares during the last quarter. American Century Companies Inc. increased its stake 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 during the period. Millennium Management LLC raised its position in Fresh Del Monte Produce by 17.5% during the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock worth $13,906,000 after buying an additional 94,854 shares during the last quarter. LSV Asset Management lifted its stake in shares of Fresh Del Monte Produce by 31.4% in the 2nd 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. Finally, AQR Capital Management LLC boosted its holdings in shares of Fresh Del Monte Produce by 7.7% in the second 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 in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Fresh Del Monte Produce Trading Up 0.1 %

Shares of Fresh Del Monte Produce stock opened at $33.98 on Friday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 102.95 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27. The company’s 50-day simple moving average is $32.09 and its 200-day simple moving average is $27.82. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $989.45 million. During the same period in the prior year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 303.03%.

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.