D.A. Davidson & CO. Takes Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

D.A. Davidson & CO. purchased a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,750 shares of the company’s stock, valued at approximately $583,000.

Several other institutional investors have also added to or reduced their stakes in FDP. Chesapeake Capital Corp IL bought a new stake in shares of Fresh Del Monte Produce in the third quarter valued at about $592,000. Cubist Systematic Strategies LLC boosted its holdings in Fresh Del Monte Produce by 27.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 186,347 shares of the company’s stock valued at $4,072,000 after purchasing an additional 39,768 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Fresh Del Monte Produce by 112.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 57,690 shares of the company’s stock valued at $1,704,000 after purchasing an additional 30,595 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Fresh Del Monte Produce during the 2nd quarter worth approximately $391,000. Finally, Millennium Management LLC raised its position in shares of Fresh Del Monte Produce by 17.5% in the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after buying an additional 94,854 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Stock Performance

NYSE:FDP opened at $34.92 on Tuesday. Fresh Del Monte Produce Inc. has a twelve month low of $21.23 and a twelve month high of $35.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $31.13 and its 200 day simple moving average is $27.15. The firm has a market capitalization of $1.67 billion, a PE ratio of 102.27 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.30. The company 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 firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.86%. Fresh Del Monte Produce’s payout ratio is presently 303.03%.

Analyst Ratings Changes

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

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.