JPMorgan Chase & Co. raised its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 51.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,566 shares of the company’s stock after acquiring an additional 77,677 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of Fresh Del Monte Produce worth $11,687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Federated Investors Inc. PA lifted its stake in Fresh Del Monte Produce by 0.3% during the 2nd quarter. Federated Investors Inc. PA now owns 13,729 shares of the company’s stock valued at $699,000 after acquiring an additional 35 shares during the period. Eqis Capital Management Inc. lifted its stake in Fresh Del Monte Produce by 3.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock valued at $240,000 after acquiring an additional 161 shares during the period. Sei Investments Co. lifted its stake in Fresh Del Monte Produce by 1.7% during the 1st quarter. Sei Investments Co. now owns 12,782 shares of the company’s stock valued at $757,000 after acquiring an additional 219 shares during the period. Stifel Financial Corp lifted its stake in Fresh Del Monte Produce by 3.3% during the 1st quarter. Stifel Financial Corp now owns 8,215 shares of the company’s stock valued at $488,000 after acquiring an additional 266 shares during the period. Finally, Sit Investment Associates Inc. lifted its stake in Fresh Del Monte Produce by 6.5% during the 2nd quarter. Sit Investment Associates Inc. now owns 9,800 shares of the company’s stock valued at $499,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 66.81% of the company’s stock.

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

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Shares of Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 46.33 on Thursday. Fresh Del Monte Produce, Inc. has a 52 week low of $45.32 and a 52 week high of $66.86. The firm’s 50-day moving average is $47.43 and its 200 day moving average is $52.67. The firm has a market capitalization of $2.32 billion, a PE ratio of 14.73 and a beta of 0.44.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.15). The business had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS. On average, equities analysts forecast that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 18.93%.

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.

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

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