ClariVest Asset Management LLC Boosts Position in Fresh Del Monte Produce, Inc. (FDP)
ClariVest Asset Management LLC increased its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,500 shares of the company’s stock after purchasing an additional 3,300 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.20% of Fresh Del Monte Produce worth $4,614,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of FDP. BlackRock Inc. raised its holdings in shares of Fresh Del Monte Produce by 1,147.2% in the 1st quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock worth $141,167,000 after purchasing an additional 2,192,263 shares during the period. Bank of America Corp DE raised its holdings in shares of Fresh Del Monte Produce by 188.1% in the 1st quarter. Bank of America Corp DE now owns 28,434 shares of the company’s stock worth $1,684,000 after purchasing an additional 18,565 shares during the period. State Street Corp grew its stake in Fresh Del Monte Produce by 1.7% in the 1st quarter. State Street Corp now owns 667,104 shares of the company’s stock valued at $39,512,000 after buying an additional 11,392 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Fresh Del Monte Produce in the 1st quarter valued at approximately $284,000. Finally, Eqis Capital Management Inc. grew its stake in Fresh Del Monte Produce by 3.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock valued at $240,000 after buying an additional 161 shares in the last quarter. 66.33% of the stock is currently owned by institutional investors.
Fresh Del Monte Produce, Inc. (NYSE FDP) traded up $1.12 during trading on Monday, reaching $47.04. 234,000 shares of the company were exchanged, compared to its average volume of 260,759. Fresh Del Monte Produce, Inc. has a fifty-two week low of $43.02 and a fifty-two week high of $66.86. The stock has a market cap of $2,339.62, a price-to-earnings ratio of 17.17 and a beta of 0.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.64 and a quick ratio of 1.27.
Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.62). Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The business had revenue of $952.70 million during the quarter. During the same period last year, the company earned $1.17 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Fresh Del Monte Produce’s dividend payout ratio is 22.06%.
In other news, Director Michael J. Berthelot sold 1,021 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $47.07, for a total transaction of $48,058.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mohammed Abbas sold 4,366 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.38, for a total transaction of $206,861.08. Following the transaction, the vice president now owns 4,366 shares of the company’s stock, valued at $206,861.08. The disclosure for this sale can be found here. 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.
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