Wells Fargo & Company MN increased its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 27.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 143,593 shares of the company’s stock after purchasing an additional 30,866 shares during the quarter. Wells Fargo & Company MN owned approximately 0.29% of Fresh Del Monte Produce worth $7,311,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FDP. BlackRock Inc. raised its holdings in Fresh Del Monte Produce by 1,147.2% in the 1st quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock worth $141,167,000 after purchasing an additional 2,192,263 shares during the period. Vanguard Group Inc. raised its holdings in Fresh Del Monte Produce by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock worth $210,026,000 after purchasing an additional 259,884 shares during the period. Lazard Asset Management LLC bought a new position in Fresh Del Monte Produce in the 1st quarter worth $13,301,000. Bank of New York Mellon Corp raised its holdings in Fresh Del Monte Produce by 149.0% in the 1st quarter. Bank of New York Mellon Corp now owns 371,803 shares of the company’s stock worth $22,022,000 after purchasing an additional 222,513 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Fresh Del Monte Produce by 49.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 464,385 shares of the company’s stock worth $27,506,000 after purchasing an additional 153,667 shares during the period. 66.81% of the stock is currently owned by institutional investors.

In other Fresh Del Monte Produce news, SVP Marissa R. Tenazas sold 1,219 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $46.94, for a total value of $57,219.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Youssef Zakharia sold 1,212 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total transaction of $57,691.20. Following the completion of the sale, the insider now directly owns 3,080 shares in the company, valued at $146,608. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,189 shares of company stock worth $2,692,266. 36.90% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Wells Fargo & Company MN Buys 30,866 Shares of Fresh Del Monte Produce, Inc. (FDP)” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/wells-fargo-company-mn-buys-30866-shares-of-fresh-del-monte-produce-inc-fdp/1616893.html.

Fresh Del Monte Produce, Inc. (NYSE:FDP) opened at 46.33 on Friday. Fresh Del Monte Produce, Inc. has a one year low of $45.32 and a one year high of $66.86. The company has a market capitalization of $2.32 billion, a PE ratio of 14.73 and a beta of 0.42. The company has a 50-day moving average price of $46.75 and a 200-day moving average price of $51.73.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, August 14th. Fresh Del Monte Produce’s payout ratio is 18.93%.

About Fresh Del Monte Produce

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.

Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fresh Del Monte Produce, Inc. (NYSE:FDP).

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

Receive News & Ratings for Fresh Del Monte Produce Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresh Del Monte Produce Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.