Legacy Capital Group California Inc. Has $573,000 Stock Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Legacy Capital Group California Inc. lowered its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,396 shares of the company’s stock after selling 772 shares during the period. Legacy Capital Group California Inc.’s holdings in Fresh Del Monte Produce were worth $573,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Fresh Del Monte Produce by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock valued at $119,194,000 after purchasing an additional 143,363 shares in the last quarter. American Century Companies Inc. boosted its holdings in Fresh Del Monte Produce by 29.8% in the second quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after acquiring an additional 156,344 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after acquiring an additional 94,854 shares in the last quarter. Invenomic Capital Management LP lifted its holdings in shares of Fresh Del Monte Produce by 11.8% in the 1st quarter. Invenomic Capital Management LP now owns 385,584 shares of the company’s stock worth $9,990,000 after purchasing an additional 40,609 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Fresh Del Monte Produce by 31.4% in the second quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after buying an additional 88,498 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Price Performance

FDP opened at $28.95 on Friday. The firm has a market cap of $1.39 billion, a P/E ratio of -56.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 2.08. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $30.59. The firm has a 50-day moving average of $28.99 and a 200 day moving average of $25.72.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. Fresh Del Monte Produce’s payout ratio is currently -196.08%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Insider Activity

In other Fresh Del Monte Produce news, VP Alexandre Apparecido sold 1,500 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total transaction of $41,340.00. Following the completion of the sale, the vice president now directly owns 1,139 shares in the company, valued at $31,390.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Alexandre Apparecido sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total value of $41,340.00. Following the sale, the vice president now directly owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,915 shares of company stock worth $301,603. 30.10% of the stock is currently owned by 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, 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.