Hennion & Walsh Asset Management Inc. Grows Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Hennion & Walsh Asset Management Inc. increased its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 62.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,822 shares of the company’s stock after buying an additional 5,706 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Fresh Del Monte Produce were worth $492,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Carolina Wealth Advisors LLC increased its stake in shares of Fresh Del Monte Produce by 2.6% during the fourth quarter. Carolina Wealth Advisors LLC now owns 19,403 shares of the company’s stock worth $644,000 after buying an additional 486 shares during the period. SG Americas Securities LLC increased its stake in shares of Fresh Del Monte Produce by 3.4% during the third quarter. SG Americas Securities LLC now owns 17,357 shares of the company’s stock worth $513,000 after buying an additional 576 shares during the period. Hsbc Holdings PLC increased its stake in shares of Fresh Del Monte Produce by 2.2% during the second quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock worth $596,000 after buying an additional 594 shares during the period. CWM LLC increased its stake in shares of Fresh Del Monte Produce by 4.1% during the third quarter. CWM LLC now owns 37,004 shares of the company’s stock worth $1,093,000 after buying an additional 1,449 shares during the period. Finally, Clifford Capital Partners LLC increased its stake in shares of Fresh Del Monte Produce by 5.8% during the second quarter. Clifford Capital Partners LLC now owns 26,618 shares of the company’s stock worth $582,000 after buying an additional 1,470 shares during the period. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Stock Performance

Shares of Fresh Del Monte Produce stock opened at $31.69 on Tuesday. 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 Inc. has a 52 week low of $21.23 and a 52 week high of $35.27. The firm’s 50 day moving average is $33.16 and its two-hundred day moving average is $29.75. The firm has a market capitalization of $1.52 billion, a P/E ratio of 96.04 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.77 earnings per share 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 company had revenue of $1.02 billion for 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 firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently disclosed 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 yield of 3.16%. Fresh Del Monte Produce’s payout ratio is currently 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.