1 week Ago By Defense World Staff
JPMorgan Chase & Co. reduced its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP – Free Report) by 6.
9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 407,673 shares of the company’s stock after selling 30,325 shares during the quarter. JPMorgan Chase & Co.
owned about 0.85% of Fresh Del Monte Produce worth $13,539,000 as of its most recent filing with the SEC. Other institutional investors have also made changes to their positions in the company.
Rhumbline Advisers boosted its holdings in Fresh Del Monte Produce by 0.3% in the 4th quarter. Rhumbline Advisers now owns 104,348 shares of the company’s stock valued at $3,465,000 after purchasing an additional 320 shares during the period.
Carolina Wealth Advisors LLC raised its holdings in Fresh Del Monte Produce by 2.6% in the 4th quarter. Carolina Wealth Advisors LLC now owns 19,403 shares of the company’s stock valued at $644,000 after acquiring an additional 486 shares in the last quarter.
Waterfront Wealth Inc. lifted its position in shares of Fresh Del Monte Produce by 2.4% in the 4th quarter.
Waterfront Wealth Inc. now owns 22,592 shares of the company’s stock worth $750,000 after acquiring an additional 526 shares during the period. HHM Wealth Advisors LLC grew its holdings in shares of Fresh Del Monte Produce by 75.
0% during the 4th quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company’s stock worth $58,000 after purchasing an additional 750 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Fresh Del Monte Produce by 65.
0% during the fourth quarter. KBC Group NV now owns 2,550 shares of the company’s stock valued at $85,000 after purchasing an additional 1,005 shares during the period. 64.
83% of the stock is currently owned by institutional investors. Insider Transactions at Fresh Del Monte ProduceIn other Fresh Del Monte Produce news, SVP Marissa R. Tenazas sold 1,148 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd.
The stock was sold at an average price of $31.05, for a total transaction of $35,645.40.
Following the completion of the transaction, the senior vice president now owns 3,573 shares of the company’s stock, valued at $110,941.65. This represents a 24.
32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mohammed Abbas sold 5,064 shares of the firm’s stock in a transaction on Monday, March 3rd.
The shares were sold at an average price of $30.42, for a total transaction of $154,046.88.
Following the completion of the transaction, the chief operating officer now directly owns 45,560 shares of the company’s stock, valued at $1,385,935.20. This represents a 10.
00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,469 shares of company stock worth $319,190 in the last three months.
Insiders own 30.10% of the company’s stock. Fresh Del Monte Produce Stock PerformanceNYSE FDP opened at $30.
97 on Friday. Fresh Del Monte Produce Inc. has a 1-year low of $21.
23 and a 1-year high of $35.27. The company has a 50 day moving average of $30.
36 and a 200-day moving average of $31.35. The company has a current ratio of 2.
09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.
The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 93.85 and a beta of 0.
36. Fresh Del Monte Produce (NYSE:FDP – Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.
26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16).
Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%.
The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.14 billion.
During the same quarter in the previous year, the business posted $0.25 EPS. The company’s revenue was up .
5% compared to the same quarter last year. Fresh Del Monte Produce declared that its board has approved a share buyback plan on Monday, February 24th that authorizes the company to repurchase $150.00 million in shares.
This repurchase authorization authorizes the company to buy up to 10.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Fresh Del Monte Produce Increases DividendThe business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.30 dividend.
The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.
87%. This is an increase from Fresh Del Monte Produce’s previous quarterly dividend of $0.25.
Fresh Del Monte Produce’s dividend payout ratio is 40.40%. Analyst Ratings ChangesSeparately, StockNews.
com lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th.Read Our Latest Stock Analysis on FDPFresh Del Monte Produce Company Profile (Free Report)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.
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