Arrowstreet Capital Limited Partnership Has $15.68 Million Stock Position in Fresh Del Monte Produce, Inc. $FDP

Arrowstreet Capital Limited Partnership grew its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 17.9% in the second quarter, HoldingsChannel.com reports. The fund owned 483,508 shares of the company’s stock after buying an additional 73,578 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Fresh Del Monte Produce were worth $15,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of Fresh Del Monte Produce by 12.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 17,938 shares of the company’s stock worth $582,000 after acquiring an additional 2,043 shares during the period. Prudential Financial Inc. lifted its holdings in Fresh Del Monte Produce by 25.4% during the 2nd quarter. Prudential Financial Inc. now owns 9,016 shares of the company’s stock valued at $292,000 after purchasing an additional 1,829 shares during the last quarter. American Century Companies Inc. boosted its position in Fresh Del Monte Produce by 12.8% during the second quarter. American Century Companies Inc. now owns 1,241,788 shares of the company’s stock worth $40,259,000 after purchasing an additional 140,697 shares during the period. Rhumbline Advisers boosted its position in Fresh Del Monte Produce by 0.8% during the second quarter. Rhumbline Advisers now owns 102,144 shares of the company’s stock worth $3,311,000 after purchasing an additional 827 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Fresh Del Monte Produce by 2.6% in the second quarter. Franklin Resources Inc. now owns 59,435 shares of the company’s stock valued at $1,927,000 after purchasing an additional 1,484 shares during the last quarter. 64.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fresh Del Monte Produce news, Director Michael J. Berthelot sold 6,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $35.85, for a total transaction of $215,100.00. Following the transaction, the director owned 7,499 shares in the company, valued at approximately $268,839.15. This represents a 44.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Effie D. Silva sold 1,325 shares of the firm’s stock in a transaction 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 in the company, valued at $222,653.08. This trade represents a 17.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 30.10% of the company’s stock.

Analyst Upgrades and Downgrades

FDP has been the topic of several analyst reports. 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 restated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Fresh Del Monte Produce Stock Performance

Shares of Fresh Del Monte Produce stock opened at $36.61 on Tuesday. Fresh Del Monte Produce, Inc. has a one year low of $26.50 and a one year high of $40.75. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 22.46 and a beta of 0.28. The business has a 50-day simple moving average of $35.26 and a 200 day simple moving average of $34.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.09 and a quick ratio of 1.07.

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

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.20 annualized dividend and a yield of 3.3%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 73.62%.

Fresh Del Monte Produce Profile

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.