Lingohr & Partner Asset Management GmbH Boosts Position in Fresh Del Monte Produce, Inc. (FDP)

Lingohr & Partner Asset Management GmbH boosted its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 18.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,138 shares of the company’s stock after purchasing an additional 2,400 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Fresh Del Monte Produce were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Strategic Global Advisors LLC acquired a new position in Fresh Del Monte Produce during the second quarter valued at $484,000. PNC Financial Services Group Inc. lifted its position in Fresh Del Monte Produce by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 111,883 shares of the company’s stock valued at $5,697,000 after purchasing an additional 448 shares during the period. Amalgamated Bank lifted its position in Fresh Del Monte Produce by 3.3% during the second quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after purchasing an additional 133 shares during the period. Ameriprise Financial Inc. lifted its position in Fresh Del Monte Produce by 7.5% during the second quarter. Ameriprise Financial Inc. now owns 263,695 shares of the company’s stock valued at $13,425,000 after purchasing an additional 18,480 shares during the period. Finally, Icon Advisers Inc. Co. lifted its position in Fresh Del Monte Produce by 153.7% during the second quarter. Icon Advisers Inc. Co. now owns 13,700 shares of the company’s stock valued at $697,000 after purchasing an additional 8,300 shares during the period. Institutional investors own 66.81% of the company’s stock.

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Fresh Del Monte Produce, Inc. (NYSE FDP) traded up 1.03% on Friday, reaching $46.11. 316,209 shares of the company were exchanged. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 14.66 and a beta of 0.44. Fresh Del Monte Produce, Inc. has a 52 week low of $45.32 and a 52 week high of $66.86. The stock has a 50-day moving average price of $47.72 and a 200 day moving average price of $52.91.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $1.15 billion for the quarter. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Analysts forecast that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th were 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 was Monday, August 14th. Fresh Del Monte Produce’s payout ratio is currently 18.93%.

In other news, CFO Richard Contreras sold 1,796 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total value of $85,489.60. Following the sale, the chief financial officer now owns 4,116 shares of the company’s stock, valued at $195,921.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Youssef Zakharia sold 1,212 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total transaction of $57,691.20. Following the completion of the sale, the insider now directly owns 3,080 shares in the company, valued at approximately $146,608. 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 over the last three months. 36.90% of the stock is currently owned by insiders.

Fresh Del Monte Produce 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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