UniSuper Management Pty Ltd Raises Holdings in Fresh Del Monte Produce, Inc. $FDP

UniSuper Management Pty Ltd increased its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 33.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,632 shares of the company’s stock after buying an additional 30,912 shares during the period. UniSuper Management Pty Ltd owned about 0.26% of Fresh Del Monte Produce worth $4,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Fresh Del Monte Produce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,090 shares of the company’s stock valued at $619,000 after acquiring an additional 879 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Fresh Del Monte Produce by 1,647.2% during the 1st quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock worth $18,390,000 after purchasing an additional 562,356 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Fresh Del Monte Produce by 10.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,910 shares of the company’s stock valued at $2,926,000 after purchasing an additional 9,202 shares in the last quarter. Jane Street Group LLC grew its stake in Fresh Del Monte Produce by 2,889.0% in the first quarter. Jane Street Group LLC now owns 122,716 shares of the company’s stock valued at $3,783,000 after purchasing an additional 127,116 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Fresh Del Monte Produce in the second quarter worth about $414,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FDP. Weiss Ratings restated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a report on Monday, December 29th. Wall Street Zen cut shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fresh Del Monte Produce currently has an average rating of “Hold”.

Insider Activity

In other news, SVP Effie D. Silva sold 1,325 shares of the business’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 sale, the senior vice president directly owned 6,052 shares of the company’s stock, valued at $222,653.08. The trade was a 17.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $38.42, for a total value of $1,097,198.36. Following the completion of the transaction, the chief executive officer directly owned 4,962,224 shares in the company, valued at approximately $190,648,646.08. The trade was a 0.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,883 shares of company stock valued at $1,361,045 over the last ninety days. 30.10% of the stock is currently owned by insiders.

Fresh Del Monte Produce Price Performance

Shares of NYSE FDP opened at $38.13 on Monday. Fresh Del Monte Produce, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $40.75. The company has a market cap of $1.82 billion, a PE ratio of 23.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 2.09. The business has a 50-day simple moving average of $36.46 and a two-hundred day simple moving average of $35.77.

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

Fresh Del Monte Produce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, November 12th. Fresh Del Monte Produce’s payout ratio is presently 73.62%.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.