CWA Asset Management Group LLC Takes $625,000 Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

CWA Asset Management Group LLC acquired a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,815 shares of the company’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in Fresh Del Monte Produce by 3.4% during the third quarter. SG Americas Securities LLC now owns 17,357 shares of the company’s stock worth $513,000 after purchasing an additional 576 shares during the last quarter. Hsbc Holdings PLC lifted its position in Fresh Del Monte Produce by 2.2% in the 2nd quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock worth $596,000 after buying an additional 594 shares during the last quarter. CWM LLC boosted its stake in Fresh Del Monte Produce by 4.1% in the third quarter. CWM LLC now owns 37,004 shares of the company’s stock worth $1,093,000 after buying an additional 1,449 shares in the last quarter. Clifford Capital Partners LLC boosted its stake in Fresh Del Monte Produce by 5.8% in the second quarter. Clifford Capital Partners LLC now owns 26,618 shares of the company’s stock worth $582,000 after buying an additional 1,470 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Fresh Del Monte Produce by 125.9% during the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock valued at $107,000 after acquiring an additional 2,020 shares during the last quarter. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Trading Up 0.0 %

Shares of FDP opened at $31.09 on Thursday. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 94.21 and a beta of 0.41. The firm has a 50 day moving average price of $33.48 and a 200-day moving average price of $29.17. 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 (NYSE:FDP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $989.45 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 3.22%. Fresh Del Monte Produce’s payout ratio is 303.04%.

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.