GSA Capital Partners LLP Cuts Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

GSA Capital Partners LLP lowered its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 30.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 124,490 shares of the company’s stock after selling 54,304 shares during the quarter. Fresh Del Monte Produce makes up 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 13th biggest position. GSA Capital Partners LLP’s holdings in Fresh Del Monte Produce were worth $3,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after purchasing an additional 156,344 shares during the last quarter. Vanguard Group Inc. boosted its stake in Fresh Del Monte Produce by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock valued at $119,194,000 after purchasing an additional 143,363 shares during the last quarter. Millennium Management LLC boosted its stake in Fresh Del Monte Produce by 17.5% during the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after purchasing an additional 94,854 shares during the last quarter. LSV Asset Management boosted its stake in Fresh Del Monte Produce by 31.4% during the 2nd quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after purchasing an additional 88,498 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Fresh Del Monte Produce during the 1st quarter valued at $1,749,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

FDP stock opened at $34.51 on Tuesday. The company has a market cap of $1.65 billion, a P/E ratio of 104.58 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $34.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The stock’s fifty day moving average price is $29.82 and its 200-day moving average price is $26.27.

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

Fresh Del Monte Produce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.90%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 303.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Insider Buying and Selling

In related news, CFO Monica Vicente sold 1,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $27.44, for a total value of $49,392.00. Following the transaction, the chief financial officer now directly owns 3,466 shares of the company’s stock, valued at approximately $95,107.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Monica Vicente sold 1,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $27.44, for a total value of $49,392.00. Following the transaction, the chief financial officer now directly owns 3,466 shares of the company’s stock, valued at approximately $95,107.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,226 shares of company stock valued at $255,662. 30.10% of the stock is owned by company insiders.

Fresh Del Monte Produce 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.