Tidal Investments LLC Invests $597,000 in Fresh Del Monte Produce Inc. (NYSE:FDP)

Tidal Investments LLC acquired a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 20,221 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDP. American Century Companies Inc. grew its holdings in shares of Fresh Del Monte Produce by 29.8% during the second quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after buying an additional 156,344 shares in the last quarter. Millennium Management LLC grew its stake 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 valued at $13,906,000 after acquiring an additional 94,854 shares in the last quarter. Dean Investment Associates LLC raised its holdings in Fresh Del Monte Produce by 109.2% in the 3rd quarter. Dean Investment Associates LLC now owns 177,101 shares of the company’s stock valued at $5,232,000 after acquiring an additional 92,438 shares during the last quarter. LSV Asset Management lifted its stake in Fresh Del Monte Produce by 31.4% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Fresh Del Monte Produce by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $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

NYSE:FDP opened at $33.32 on Monday. The stock has a 50 day moving average price of $32.56 and a 200 day moving average price of $28.22. The stock has a market cap of $1.60 billion, a PE ratio of 100.97 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. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly 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. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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 3.00%. Fresh Del Monte Produce’s dividend payout ratio is currently 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.