nVerses Capital LLC Purchases 2,600 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

nVerses Capital LLC raised its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 200.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the company’s stock after purchasing an additional 2,600 shares during the period. nVerses Capital LLC’s holdings in Fresh Del Monte Produce were worth $115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FDP. American Century Companies Inc. grew its stake in shares of Fresh Del Monte Produce by 29.8% in the second quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after acquiring an additional 156,344 shares in the last quarter. Vanguard Group Inc. raised its holdings in Fresh Del Monte Produce by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock valued at $119,194,000 after buying an additional 143,363 shares during the last quarter. Millennium Management LLC raised its holdings 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 purchasing an additional 94,854 shares during the last quarter. LSV Asset Management raised its holdings in 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 purchasing an additional 88,498 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Fresh Del Monte Produce during the 1st quarter worth approximately $1,749,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Fresh Del Monte Produce Price Performance

FDP opened at $29.53 on Monday. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $30.59. The firm has a 50-day moving average of $28.86 and a 200 day moving average of $25.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 2.08. The firm has a market cap of $1.41 billion, a P/E ratio of -57.90 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Thursday, August 1st. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share.

Fresh Del Monte Produce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, August 15th. Fresh Del Monte Produce’s payout ratio is -196.08%.

Insider Transactions at Fresh Del Monte Produce

In other news, VP Alexandre Apparecido sold 1,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $27.56, for a total value of $41,340.00. Following the sale, the vice president now directly owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.75, for a total value of $150,321.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Alexandre Apparecido sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total transaction of $41,340.00. Following the completion of the sale, the vice president now directly owns 1,139 shares in the company, valued at $31,390.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,915 shares of company stock valued at $301,603. 30.10% of the stock is currently owned by corporate insiders.

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.