Ellsworth Advisors LLC Buys New Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Ellsworth Advisors LLC purchased a new position in Fresh Del Monte Produce Inc. (NYSE:FDP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 129,413 shares of the company’s stock, valued at approximately $4,298,000. Ellsworth Advisors LLC owned about 0.27% of Fresh Del Monte Produce as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FDP. Canada Pension Plan Investment Board bought a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at about $68,000. GAMMA Investing LLC lifted its stake in shares of Fresh Del Monte Produce by 125.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock valued at $107,000 after purchasing an additional 2,020 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Fresh Del Monte Produce by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $115,000 after purchasing an additional 2,600 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Fresh Del Monte Produce in the 2nd quarter worth approximately $91,000. Finally, Royce & Associates LP bought a new position in shares of Fresh Del Monte Produce during the 3rd quarter valued at approximately $201,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Up 0.4 %

Shares of FDP opened at $31.69 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $33.21 and a 200 day moving average of $29.68. The company has a market cap of $1.52 billion, a PE ratio of 96.04 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27.

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

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.16%. Fresh Del Monte Produce’s dividend payout ratio is 303.04%.

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.