Fresh Del Monte Produce, Inc. (FDP) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,400 shares of the company’s stock after acquiring an additional 3,200 shares during the period. Bessemer Group Inc. owned 0.09% of Fresh Del Monte Produce worth $1,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Fresh Del Monte Produce by 1,147.2% during the 1st quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock worth $141,167,000 after acquiring an additional 2,192,263 shares in the last quarter. LSV Asset Management raised its position in shares of Fresh Del Monte Produce by 2.5% during the 2nd quarter. LSV Asset Management now owns 2,169,822 shares of the company’s stock worth $110,465,000 after acquiring an additional 52,300 shares in the last quarter. Northern Trust Corp raised its position in shares of Fresh Del Monte Produce by 11.7% during the 2nd quarter. Northern Trust Corp now owns 868,327 shares of the company’s stock worth $44,206,000 after acquiring an additional 90,867 shares in the last quarter. State Street Corp raised its position in shares of Fresh Del Monte Produce by 5.5% during the 2nd quarter. State Street Corp now owns 703,883 shares of the company’s stock worth $35,833,000 after acquiring an additional 36,779 shares in the last quarter. Finally, Numeric Investors LLC raised its position in shares of Fresh Del Monte Produce by 0.5% during the 2nd quarter. Numeric Investors LLC now owns 532,733 shares of the company’s stock worth $27,121,000 after acquiring an additional 2,900 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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Fresh Del Monte Produce, Inc. (NYSE FDP) opened at $46.21 on Tuesday. The company has a market capitalization of $2,300.00, a P/E ratio of 16.97 and a beta of 0.40. Fresh Del Monte Produce, Inc. has a 12-month low of $43.02 and a 12-month high of $66.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.64.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.62). The firm had revenue of $952.70 million for the quarter. Fresh Del Monte Produce had a return on equity of 7.62% and a net margin of 3.40%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 22.06%.

In other Fresh Del Monte Produce news, VP Mohammed Abbas sold 4,366 shares of Fresh Del Monte Produce stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.38, for a total transaction of $206,861.08. Following the transaction, the vice president now owns 4,366 shares of the company’s stock, valued at $206,861.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Marissa R. Tenazas sold 1,219 shares of Fresh Del Monte Produce stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $46.94, for a total value of $57,219.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,058 shares of company stock worth $531,267. 36.90% of the stock is currently owned by corporate insiders.

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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