Laurion Capital Management LP lessened its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,400 shares of the company’s stock after selling 1,300 shares during the period. Laurion Capital Management LP’s holdings in Fresh Del Monte Produce were worth $377,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA lifted its holdings in shares of 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 purchasing an additional 35 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Fresh Del Monte Produce by 3.3% during the 2nd quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after purchasing an additional 133 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of 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 purchasing an additional 161 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of 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 purchasing an additional 219 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of 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 purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.

Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 45.46 on Friday. Fresh Del Monte Produce, Inc. has a 12-month low of $45.32 and a 12-month high of $66.86. The stock’s 50 day moving average price is $47.43 and its 200 day moving average price is $52.67. The company has a market cap of $2.28 billion, a PE ratio of 14.45 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 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.15). Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The business had revenue of $1.15 billion for the quarter. During the same quarter last year, the firm posted $1.75 EPS. Fresh Del Monte Produce’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.

The firm also recently announced 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 was Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. Fresh Del Monte Produce’s payout ratio is 18.93%.

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In other Fresh Del Monte Produce news, SVP Emanuel Lazopoulos sold 2,429 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.60, for a total value of $115,620.40. Following the transaction, the senior vice president now owns 6,175 shares in the company, valued at $293,930. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Contreras sold 1,796 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.60, for a total value of $85,489.60. Following the completion of the transaction, the chief financial officer now owns 4,116 shares in the company, valued at approximately $195,921.60. 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 corporate 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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