Los Angeles Capital Management & Equity Research Inc. maintained its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,190 shares of the company’s stock at the close of the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.06% of Fresh Del Monte Produce worth $1,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Fresh Del Monte Produce by 1,147.2% during the 1st quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock valued at $141,167,000 after purchasing an additional 2,192,263 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Fresh Del Monte Produce by 5.9% during the 1st quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock valued at $37,279,000 after purchasing an additional 34,900 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Fresh Del Monte Produce during the 1st quarter valued at about $399,000. Wells Fargo & Company MN boosted its position in shares of Fresh Del Monte Produce by 6.5% during the 1st quarter. Wells Fargo & Company MN now owns 112,727 shares of the company’s stock valued at $6,677,000 after purchasing an additional 6,891 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of Fresh Del Monte Produce by 4.8% during the 1st quarter. American International Group Inc. now owns 19,493 shares of the company’s stock valued at $1,155,000 after purchasing an additional 898 shares in the last quarter. Hedge funds and other institutional investors own 66.81% of the company’s stock.

Shares of Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 46.50 on Tuesday. Fresh Del Monte Produce, Inc. has a 12 month low of $45.32 and a 12 month high of $66.86. The company’s 50 day moving average price is $47.58 and its 200 day moving average price is $52.75. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 14.79 and a beta of 0.44.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.15). The firm had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. On average, equities analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 14th. This represents a $0.60 annualized dividend and a yield of 1.29%. Fresh Del Monte Produce’s payout ratio is 18.93%.

In other Fresh Del Monte Produce news, CFO Richard Contreras sold 7,320 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $48.84, for a total transaction of $357,508.80. Following the sale, the chief financial officer now directly owns 7,320 shares of the company’s stock, valued at approximately $357,508.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Berthelot sold 1,021 shares of Fresh Del Monte Produce stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $47.07, for a total value of $48,058.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,189 shares of company stock worth $2,692,266. Insiders own 36.90% of the company’s stock.

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Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

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

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