Principal Financial Group Inc. Sells 17,434 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Principal Financial Group Inc. cut its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,209 shares of the company’s stock after selling 17,434 shares during the quarter. Principal Financial Group Inc. owned 0.33% of Fresh Del Monte Produce worth $4,673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDP. nVerses Capital LLC acquired a new stake in shares of Fresh Del Monte Produce during the 2nd quarter worth approximately $28,000. Canada Pension Plan Investment Board bought a new position in Fresh Del Monte Produce in the second quarter worth $68,000. Point72 DIFC Ltd acquired a new stake in Fresh Del Monte Produce during the second quarter worth $91,000. GAMMA Investing LLC increased its holdings in Fresh Del Monte Produce by 125.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock valued at $107,000 after buying an additional 2,020 shares during the period. Finally, Royce & Associates LP acquired a new position in shares of Fresh Del Monte Produce in the 3rd quarter valued at $201,000. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Price Performance

NYSE:FDP opened at $32.92 on Friday. 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 moving average of $33.28 and a 200-day moving average of $28.85. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $35.27. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 99.76 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $989.45 million. During the same quarter last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 303.03%.

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.