Fresh Del Monte Produce, Inc. $FDP Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 142.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,398 shares of the company’s stock after purchasing an additional 16,705 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fresh Del Monte Produce were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Fresh Del Monte Produce by 390.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock valued at $31,000 after purchasing an additional 766 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Fresh Del Monte Produce by 1,488.5% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 908 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Fresh Del Monte Produce by 238.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after purchasing an additional 750 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Fresh Del Monte Produce in the 3rd quarter valued at approximately $77,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Fresh Del Monte Produce by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock valued at $98,000 after purchasing an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP opened at $41.94 on Friday. The business’s 50 day simple moving average is $41.71 and its 200-day simple moving average is $38.50. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 22.31 and a beta of 0.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.16 and a quick ratio of 1.06. Fresh Del Monte Produce, Inc. has a 12 month low of $31.43 and a 12 month high of $43.58.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Thursday, February 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.42. Fresh Del Monte Produce had a return on equity of 7.63% and a net margin of 2.10%.The firm had revenue of $968.20 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Fresh Del Monte Produce’s revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Tuesday, May 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. Fresh Del Monte Produce’s dividend payout ratio is presently 63.83%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings raised Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Insider Transactions at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, SVP Effie D. Silva sold 5,894 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $41.94, for a total value of $247,194.36. Following the completion of the transaction, the senior vice president directly owned 8,536 shares in the company, valued at approximately $357,999.84. The trade was a 40.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marissa R. Tenazas sold 1,046 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $40.40, for a total value of $42,258.40. Following the completion of the transaction, the senior vice president owned 8,050 shares of the company’s stock, valued at $325,220. This trade represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,151 shares of company stock worth $1,391,225 in the last quarter. Insiders own 31.60% of the company’s stock.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.