Invenomic Capital Management LP Has $9.28 Million Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Invenomic Capital Management LP cut its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 16.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314,246 shares of the company’s stock after selling 59,904 shares during the period. Invenomic Capital Management LP’s holdings in Fresh Del Monte Produce were worth $9,283,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Fresh Del Monte Produce by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $31,329,000 after buying an additional 59,521 shares during the last quarter. American Century Companies Inc. lifted its position in Fresh Del Monte Produce by 29.8% during the second quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after purchasing an additional 156,344 shares during the last quarter. Millennium Management LLC lifted its position in Fresh Del Monte Produce by 17.5% in the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after purchasing an additional 94,854 shares during the last quarter. LSV Asset Management boosted its position in Fresh Del Monte Produce by 31.4% during the 2nd quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after acquiring an additional 88,498 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Fresh Del Monte Produce by 7.7% during the 2nd quarter. AQR Capital Management LLC now owns 337,076 shares of the company’s stock valued at $7,365,000 after purchasing an additional 24,111 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

Fresh Del Monte Produce stock opened at $34.92 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27. The company’s 50 day moving average is $31.13 and its two-hundred day moving average is $27.15. The firm has a market cap of $1.67 billion, a PE ratio of 105.82 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $989.45 million. During the same period in the previous year, the company posted $0.35 earnings per share. Fresh Del Monte Produce’s revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.86%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 303.04%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

About Fresh Del Monte Produce

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.