Intech Investment Management LLC Purchases Shares of 12,701 Fresh Del Monte Produce Inc. (NYSE:FDP)

Intech Investment Management LLC acquired a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) in the 3rd quarter, Holdings Channel reports. The fund acquired 12,701 shares of the company’s stock, valued at approximately $375,000.

Other large investors have also modified their holdings of the company. Chesapeake Capital Corp IL acquired a new stake in Fresh Del Monte Produce during the 3rd quarter worth $592,000. Empowered Funds LLC increased its position in shares of Fresh Del Monte Produce by 5.3% during the third quarter. Empowered Funds LLC now owns 249,340 shares of the company’s stock worth $7,366,000 after purchasing an additional 12,596 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of Fresh Del Monte Produce in the 3rd quarter valued at about $201,000. Victory Capital Management Inc. purchased a new position in Fresh Del Monte Produce during the 3rd quarter worth approximately $342,000. Finally, Aigen Investment Management LP acquired a new position in Fresh Del Monte Produce during the third quarter worth approximately $290,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

Shares of FDP opened at $34.47 on Wednesday. The company’s 50 day simple moving average is $31.24 and its 200-day simple moving average is $27.22. Fresh Del Monte Produce Inc. has a 12-month low of $21.23 and a 12-month high of $35.27. The firm has a market cap of $1.65 billion, a PE ratio of 104.46 and a beta of 0.41. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating 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 analyst estimates of $989.45 million. During the same period in the previous year, the business posted $0.35 earnings per share. Fresh Del Monte Produce’s quarterly revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.90%. Fresh Del Monte Produce’s payout ratio is 303.04%.

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.