Geode Capital Management LLC Purchases 2,767 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Geode Capital Management LLC grew its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 773,116 shares of the company’s stock after acquiring an additional 2,767 shares during the period. Geode Capital Management LLC owned about 1.61% of Fresh Del Monte Produce worth $22,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FDP. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at about $391,000. nVerses Capital LLC bought a new stake in shares of Fresh Del Monte Produce during the 2nd quarter worth about $28,000. Waterfront Wealth Inc. bought a new stake in shares of Fresh Del Monte Produce during the 2nd quarter worth about $467,000. LSV Asset Management boosted 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 worth $8,087,000 after buying an additional 88,498 shares during the period. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Fresh Del Monte Produce by 8.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 32,070 shares of the company’s stock worth $701,000 after buying an additional 2,585 shares during the period. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock opened at $33.08 on Friday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 100.25 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09. The company has a 50-day simple moving average of $32.94 and a 200 day simple moving average of $28.55. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $35.27.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $989.45 million. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. Fresh Del Monte Produce’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 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.