BNP Paribas Arbitrage SA increased its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 89.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,699 shares of the company’s stock after buying an additional 4,115 shares during the period. BNP Paribas Arbitrage SA’s holdings in Fresh Del Monte Produce were worth $443,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in Fresh Del Monte Produce by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 401,155 shares of the company’s stock worth $20,423,000 after buying an additional 29,352 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Fresh Del Monte Produce by 323.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,470 shares of the company’s stock worth $927,000 after buying an additional 14,106 shares during the period. First Trust Advisors LP boosted its holdings in Fresh Del Monte Produce by 26.4% in the 2nd quarter. First Trust Advisors LP now owns 53,776 shares of the company’s stock worth $2,738,000 after buying an additional 11,243 shares during the period. Sei Investments Co. boosted its holdings in Fresh Del Monte Produce by 19.2% in the 2nd quarter. Sei Investments Co. now owns 15,230 shares of the company’s stock worth $775,000 after buying an additional 2,448 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Fresh Del Monte Produce by 5.8% in the 2nd quarter. Bessemer Group Inc. now owns 40,200 shares of the company’s stock worth $2,047,000 after buying an additional 2,200 shares during the period. 66.81% of the stock is owned by institutional investors.

Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 46.11 on Friday. The company has a 50-day moving average of $47.72 and a 200 day moving average of $52.91. The company has a market cap of $2.31 billion, a P/E ratio of 14.66 and a beta of 0.44. Fresh Del Monte Produce, Inc. has a one year low of $45.32 and a one year high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.15). The firm had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. Analysts anticipate that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.60 annualized dividend and a yield of 1.30%. Fresh Del Monte Produce’s dividend payout ratio is presently 18.93%.

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In related news, SVP Marissa R. Tenazas sold 1,219 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $46.94, for a total transaction of $57,219.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Youssef Zakharia sold 1,212 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total transaction of $57,691.20. Following the sale, the insider now owns 3,080 shares in the company, valued at approximately $146,608. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,189 shares of company stock worth $2,692,266. 36.90% of the stock is owned by company insiders.

About Fresh Del Monte Produce

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.

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Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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