Fresh Del Monte Produce, Inc. (FDP) Shares Bought by Vident Investment Advisory LLC
Vident Investment Advisory LLC grew its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,255 shares of the company’s stock after purchasing an additional 10,710 shares during the quarter. Vident Investment Advisory LLC owned approximately 0.10% of Fresh Del Monte Produce worth $2,330,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank boosted 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 worth $213,000 after acquiring an additional 133 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in Fresh Del Monte Produce during the third quarter worth about $213,000. Suntrust Banks Inc. boosted its position in Fresh Del Monte Produce by 6.5% during the second quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock worth $271,000 after acquiring an additional 326 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Fresh Del Monte Produce during the third quarter worth about $335,000. Finally, GSA Capital Partners LLP acquired a new position in Fresh Del Monte Produce during the second quarter worth about $337,000. Institutional investors and hedge funds own 65.40% of the company’s stock.
Fresh Del Monte Produce, Inc. (NYSE FDP) opened at $47.29 on Wednesday. The firm has a market cap of $2,348.08, a PE ratio of 17.23 and a beta of 0.44. Fresh Del Monte Produce, Inc. has a 52-week low of $43.02 and a 52-week high of $62.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.64.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. Fresh Del Monte Produce’s payout ratio is presently 22.06%.
Fresh Del Monte Produce Company 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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