Exchange Traded Concepts LLC Boosts Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Exchange Traded Concepts LLC lifted its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,156 shares of the company’s stock after buying an additional 2,466 shares during the period. Exchange Traded Concepts LLC owned approximately 0.13% of Fresh Del Monte Produce worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in shares of Fresh Del Monte Produce in the second quarter worth about $68,000. Point72 DIFC Ltd purchased a new position in shares of Fresh Del Monte Produce in the second quarter worth about $91,000. GAMMA Investing LLC lifted its stake in shares of Fresh Del Monte Produce by 125.9% in the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock worth $107,000 after buying an additional 2,020 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of Fresh Del Monte Produce by 200.0% in the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $115,000 after buying an additional 2,600 shares in the last quarter. Finally, Royce & Associates LP purchased a new position in shares of Fresh Del Monte Produce in the third quarter worth about $201,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Price Performance

Shares of FDP stock opened at $31.34 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The firm’s 50-day moving average is $32.95 and its two-hundred day moving average is $30.03. Fresh Del Monte Produce Inc. has a 12 month low of $21.23 and a 12 month high of $35.27. The company has a market capitalization of $1.50 billion, a PE ratio of 94.97 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. During the same period in the previous year, the firm earned $0.35 earnings per share. Fresh Del Monte Produce’s quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 303.03%.

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.