Dimensional Fund Advisors LP reduced its stake in shares of Fresh Del Monte Produce Inc (NYSE:FDP) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,146,947 shares of the company’s stock after selling 65,001 shares during the period. Dimensional Fund Advisors LP owned 8.50% of Fresh Del Monte Produce worth $184,747,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FDP. Bank of Montreal Can acquired a new position in shares of Fresh Del Monte Produce during the 2nd quarter worth approximately $136,000. Jane Street Group LLC acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter worth approximately $216,000. Xact Kapitalforvaltning AB acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter worth approximately $219,000. SG Americas Securities LLC acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter worth approximately $235,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter worth approximately $464,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

In related news, SVP Paul Rice sold 1,314 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $35.49, for a total value of $46,633.86. Following the transaction, the senior vice president now directly owns 3,150 shares in the company, valued at $111,793.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Youssef Zakharia sold 1,380 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $35.49, for a total value of $48,976.20. Following the completion of the transaction, the insider now owns 4,506 shares in the company, valued at $159,917.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,502 shares of company stock worth $3,891,997. Insiders own 39.00% of the company’s stock.

Separately, TheStreet cut Fresh Del Monte Produce from a “b-” rating to a “c+” rating in a report on Friday, August 17th.

Shares of Fresh Del Monte Produce stock opened at $37.38 on Friday. The company has a market cap of $1.86 billion, a PE ratio of 32.37 and a beta of 0.33. Fresh Del Monte Produce Inc has a 1-year low of $34.29 and a 1-year high of $52.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 2.20.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, July 31st. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($1.13). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Fresh Del Monte Produce had a return on equity of 3.19% and a net margin of 0.91%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Wednesday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, August 14th.

Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

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

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