Federated Investors Inc. PA Purchases 35 Shares of Fresh Del Monte Produce, Inc. (FDP)

Federated Investors Inc. PA raised its position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,729 shares of the company’s stock after buying an additional 35 shares during the quarter. Federated Investors Inc. PA’s holdings in Fresh Del Monte Produce were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FDP. BlackRock Inc. lifted its position in Fresh Del Monte Produce by 1,147.2% during the first quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock valued at $141,167,000 after buying an additional 2,192,263 shares during the period. Vanguard Group Inc. lifted its position in Fresh Del Monte Produce by 7.9% during the first quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock valued at $210,026,000 after buying an additional 259,884 shares during the period. Lazard Asset Management LLC purchased a new position in Fresh Del Monte Produce during the first quarter valued at $13,301,000. Bank of New York Mellon Corp lifted its position in Fresh Del Monte Produce by 149.0% during the first quarter. Bank of New York Mellon Corp now owns 371,803 shares of the company’s stock valued at $22,022,000 after buying an additional 222,513 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Fresh Del Monte Produce by 49.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 464,385 shares of the company’s stock valued at $27,506,000 after buying an additional 153,667 shares during the period. 66.81% of the stock is owned by institutional investors and hedge funds.

In other news, insider Youssef Zakharia sold 1,212 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.60, for a total transaction of $57,691.20. Following the transaction, the insider now owns 3,080 shares of the company’s stock, valued at approximately $146,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mohammed Abbas sold 4,366 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.38, for a total value of $206,861.08. Following the transaction, the vice president now directly owns 4,366 shares in the company, valued at approximately $206,861.08. The disclosure for this sale can be found here. Insiders have sold a total of 55,189 shares of company stock worth $2,692,266 in the last three months. Corporate insiders own 36.90% of the company’s stock.

Fresh Del Monte Produce, Inc. (NYSE:FDP) opened at 46.50 on Tuesday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 14.79 and a beta of 0.44. The firm’s 50-day moving average price is $47.58 and its 200 day moving average price is $52.75. Fresh Del Monte Produce, Inc. has a 12 month low of $45.32 and a 12 month high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.15). Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The firm had revenue of $1.15 billion for the quarter. During the same quarter last year, the firm earned $1.75 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Monday, August 14th. Fresh Del Monte Produce’s payout ratio is 18.93%.

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Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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