Rhumbline Advisers Increases Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Rhumbline Advisers raised its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,307 shares of the company’s stock after purchasing an additional 828 shares during the quarter. Rhumbline Advisers’ holdings in Fresh Del Monte Produce were worth $3,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FDP. Vantage Consulting Group Inc purchased a new stake in Fresh Del Monte Produce in the 4th quarter valued at approximately $26,000. Parkside Financial Bank & Trust boosted its holdings in Fresh Del Monte Produce by 77.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,491 shares of the company’s stock valued at $36,000 after purchasing an additional 652 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Fresh Del Monte Produce by 66.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,131 shares of the company’s stock valued at $99,000 after purchasing an additional 1,655 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Fresh Del Monte Produce in the 4th quarter valued at approximately $161,000. Finally, Guggenheim Capital LLC purchased a new stake in Fresh Del Monte Produce in the 4th quarter valued at approximately $208,000. 67.20% of the stock is currently owned by institutional investors.

Shares of NYSE:FDP opened at $34.67 on Friday. The stock’s 50 day moving average price is $31.94. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 20.76 and a beta of 0.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.84 and a quick ratio of 0.98. Fresh Del Monte Produce Inc. has a 12 month low of $20.71 and a 12 month high of $36.57.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Wednesday, May 5th. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.52. Fresh Del Monte Produce had a return on equity of 4.56% and a net margin of 1.89%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company earned $0.34 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 11th. Investors of record on Wednesday, May 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, May 18th.

Separately, TheStreet raised Fresh Del Monte Produce from a “c” rating to a “b” rating in a research note on Wednesday, May 5th.

In related news, CEO Mohammad Abu-Ghazaleh sold 13,876 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $34.96, for a total value of $485,104.96. Following the sale, the chief executive officer now owns 6,837,843 shares of the company’s stock, valued at approximately $239,050,991.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 68,635 shares of company stock worth $2,381,255. 30.20% of the stock is owned by corporate insiders.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh and value added products, such as pineapples, melons, grapes, apples, citrus, blueberries, strawberries, pears, tomatoes, peaches, plums, nectarines, cherries and kiwis, avocados, fresh-cut and prepared fruits and vegetables, juices and other beverages, prepared meals and snacks, bananas, and other fruits and vegetables.

Recommended Story: What is net income?

Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fresh Del Monte Produce Inc. (NYSE:FDP).

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

Receive News & Ratings for Fresh Del Monte Produce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresh Del Monte Produce and related companies with MarketBeat.com's FREE daily email newsletter.