SG Americas Securities LLC Makes New $261,000 Investment in Fresh Del Monte Produce, Inc. $FDP

SG Americas Securities LLC bought a new position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) in the second quarter, HoldingsChannel reports. The firm bought 8,063 shares of the company’s stock, valued at approximately $261,000.

Other institutional investors have also recently modified their holdings of the company. State of Wyoming grew its holdings in Fresh Del Monte Produce by 230.1% during the first quarter. State of Wyoming now owns 5,321 shares of the company’s stock worth $164,000 after acquiring an additional 3,709 shares during the period. Parallel Advisors LLC grew its stake in shares of Fresh Del Monte Produce by 81.0% during the 2nd quarter. Parallel Advisors LLC now owns 5,475 shares of the company’s stock worth $178,000 after purchasing an additional 2,450 shares during the period. Corton Capital Inc. purchased a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at about $203,000. Blue Zone Wealth Advisors LLC purchased a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at about $222,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Fresh Del Monte Produce in the first quarter valued at about $247,000. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FDP shares. Wall Street Zen lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Fresh Del Monte Produce Stock Down 0.1%

FDP stock opened at $36.14 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.11. The company’s 50 day simple moving average is $35.03 and its 200-day simple moving average is $34.81. Fresh Del Monte Produce, Inc. has a 12 month low of $26.50 and a 12 month high of $40.75. The firm has a market capitalization of $1.73 billion, a PE ratio of 22.17 and a beta of 0.39.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Wednesday, October 29th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.Fresh Del Monte Produce’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS.

Fresh Del Monte Produce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 73.62%.

Insider Transactions at Fresh Del Monte Produce

In other news, Director Michael J. Berthelot sold 6,000 shares of Fresh Del Monte Produce stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $35.85, for a total transaction of $215,100.00. Following the completion of the sale, the director directly owned 7,499 shares in the company, valued at $268,839.15. The trade was a 44.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Effie D. Silva sold 1,325 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $36.79, for a total transaction of $48,746.75. Following the completion of the transaction, the senior vice president directly owned 6,052 shares of the company’s stock, valued at approximately $222,653.08. This represents a 17.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,598 shares of company stock valued at $273,607. 31.60% of the stock is currently owned by company insiders.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.