HighTower Advisors LLC Increases Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

HighTower Advisors LLC boosted its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 62.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,707 shares of the company’s stock after buying an additional 5,630 shares during the quarter. HighTower Advisors LLC’s holdings in Fresh Del Monte Produce were worth $443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDP. SG Americas Securities LLC boosted its position in shares of Fresh Del Monte Produce by 3.4% in the 3rd quarter. SG Americas Securities LLC now owns 17,357 shares of the company’s stock worth $513,000 after purchasing an additional 576 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in 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 in the last quarter. nVerses Capital LLC purchased a new stake in shares of Fresh Del Monte Produce in the second quarter valued at approximately $28,000. CWM LLC grew its position in shares of Fresh Del Monte Produce by 4.1% in the third quarter. CWM LLC now owns 37,004 shares of the company’s stock valued at $1,093,000 after purchasing an additional 1,449 shares during the period. Finally, Clifford Capital Partners LLC raised its holdings 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 valued at $582,000 after acquiring an additional 1,470 shares during the last quarter. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Up 0.9 %

Shares of FDP opened at $33.32 on Friday. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27. 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 quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $32.56 and its two-hundred day moving average is $28.18.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 firm 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 company earned $0.35 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 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.