UBS Group AG Sells 26,477 Shares of Fresh Del Monte Produce, Inc. $FDP

UBS Group AG decreased its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 26.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,147 shares of the company’s stock after selling 26,477 shares during the period. UBS Group AG owned 0.15% of Fresh Del Monte Produce worth $2,571,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FDP. EverSource Wealth Advisors LLC grew its holdings in shares of Fresh Del Monte Produce by 390.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock valued at $31,000 after acquiring an additional 766 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Fresh Del Monte Produce by 1,488.5% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after acquiring an additional 908 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Fresh Del Monte Produce by 238.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after acquiring an additional 750 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Fresh Del Monte Produce in the 3rd quarter valued at about $77,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Fresh Del Monte Produce by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock valued at $98,000 after acquiring an additional 775 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Danny Dumas sold 818 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total value of $34,585.04. Following the completion of the sale, the senior vice president directly owned 2,560 shares in the company, valued at approximately $108,236.80. This trade represents a 24.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marissa R. Tenazas sold 1,046 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $40.40, for a total transaction of $42,258.40. Following the sale, the senior vice president owned 8,050 shares of the company’s stock, valued at $325,220. This trade represents a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,151 shares of company stock worth $1,391,225 in the last three months. Insiders own 30.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FDP shares. Weiss Ratings cut Fresh Del Monte Produce from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen cut Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Fresh Del Monte Produce Trading Down 1.7%

Shares of NYSE:FDP opened at $32.74 on Wednesday. Fresh Del Monte Produce, Inc. has a 52-week low of $31.68 and a 52-week high of $43.58. The company has a market capitalization of $1.56 billion, a P/E ratio of 22.58 and a beta of 0.30. The company has a 50-day simple moving average of $39.34 and a 200 day simple moving average of $38.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 2.34.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. Fresh Del Monte Produce had a net margin of 1.63% and a return on equity of 7.61%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $0.63 EPS. Fresh Del Monte Produce’s revenue was down 4.9% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Tuesday, May 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 82.76%.

Fresh Del Monte Produce Profile

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.