Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 18.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,710 shares of the company’s stock after purchasing an additional 5,587 shares during the period. Franklin Resources Inc. owned approximately 0.08% of Fresh Del Monte Produce worth $1,066,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in 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 valued at $14,887,000 after purchasing an additional 156,344 shares in the last quarter. Millennium Management LLC grew its stake in shares of Fresh Del Monte Produce by 17.5% during the second 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 in the last quarter. Dean Investment Associates LLC increased its position in shares of Fresh Del Monte Produce by 109.2% during the third quarter. Dean Investment Associates LLC now owns 177,101 shares of the company’s stock worth $5,232,000 after acquiring an additional 92,438 shares during the last quarter. 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Fresh Del Monte Produce by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock valued at $31,329,000 after purchasing an additional 59,521 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE FDP opened at $33.08 on Friday. The business has a 50 day moving average price of $32.94 and a two-hundred day moving average price of $28.55. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The firm has a market cap of $1.59 billion, a PE ratio of 100.25 and a beta of 0.41. 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, beating analysts’ consensus estimates 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 prior year, the business posted $0.35 EPS.

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 dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 303.03%.

Fresh Del Monte Produce Company 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.