UBS Group AG Sells 26,477 Shares of Fresh Del Monte Produce, Inc. $FDP

UBS Group AG lessened its position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,147 shares of the company’s stock after selling 26,477 shares during the period. UBS Group AG’s holdings in Fresh Del Monte Produce were worth $2,571,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Fresh Del Monte Produce by 390.8% during the second quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock worth $31,000 after acquiring an additional 766 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Fresh Del Monte Produce by 1,488.5% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 908 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Fresh Del Monte Produce by 238.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after buying an additional 750 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Fresh Del Monte Produce in the third quarter valued at approximately $77,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Fresh Del Monte Produce by 34.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock valued at $98,000 after buying an additional 775 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

Insider Buying and Selling at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, COO Mohammed Abbas sold 3,458 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total transaction of $146,204.24. Following the completion of the transaction, the chief operating officer directly owned 59,930 shares in the company, valued at $2,533,840.40. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marissa R. Tenazas sold 1,969 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total transaction of $83,249.32. Following the transaction, the senior vice president owned 6,428 shares of the company’s stock, valued at approximately $271,775.84. This represents a 23.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,151 shares of company stock valued at $1,391,225. 30.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FDP shares. Wall Street Zen downgraded shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Fresh Del Monte Produce from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Fresh Del Monte Produce Stock Down 1.7%

NYSE FDP opened at $32.74 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. Fresh Del Monte Produce, Inc. has a 1-year low of $31.68 and a 1-year high of $43.58. The company has a 50 day moving average of $39.34 and a 200-day moving average of $38.56. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 22.58 and a beta of 0.30.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Fresh Del Monte Produce had a net margin of 1.63% and a return on equity of 7.61%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Fresh Del Monte Produce’s payout ratio is currently 82.76%.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.