Sylvest Advisors LLC Makes New Investment in Fresh Del Monte Produce, Inc. $FDP

Sylvest Advisors LLC acquired a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 22,939 shares of the company’s stock, valued at approximately $744,000.

Other large investors have also recently bought and sold shares of the company. State of Wyoming purchased a new position in Fresh Del Monte Produce in the fourth quarter worth $54,000. Parallel Advisors LLC grew its holdings in Fresh Del Monte Produce by 81.0% in the second quarter. Parallel Advisors LLC now owns 5,475 shares of the company’s stock valued at $178,000 after purchasing an additional 2,450 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in Fresh Del Monte Produce in the fourth quarter valued at $202,000. Kestra Private Wealth Services LLC acquired a new stake in Fresh Del Monte Produce in the first quarter valued at $235,000. Finally, Magnetar Financial LLC acquired a new stake in Fresh Del Monte Produce in the first quarter valued at $247,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Down 2.0%

Fresh Del Monte Produce stock opened at $34.81 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 2.08. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.16 and a beta of 0.43. Fresh Del Monte Produce, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $40.75. The stock’s fifty day moving average is $35.94 and its two-hundred day moving average is $33.64.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.28. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Fresh Del Monte Produce had a return on equity of 6.84% and a net margin of 3.49%.The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Wednesday, August 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 38.46%.

Insider Buying and Selling

In related news, SVP Effie D. Silva sold 1,315 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $37.54, for a total transaction of $49,365.10. Following the sale, the senior vice president owned 7,377 shares of the company’s stock, valued at $276,932.58. This trade represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ghazaleh Mohammad Abu sold 7,575 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.61, for a total value of $277,320.75. Following the sale, the chief executive officer directly owned 5,040,782 shares in the company, valued at approximately $184,543,029.02. The trade was a 0.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,039 shares of company stock worth $5,010,709 in the last ninety days. 31.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Fresh Del Monte Produce from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th.

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.