Legacy Capital Group California Inc. Sells 772 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Legacy Capital Group California Inc. trimmed its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,396 shares of the company’s stock after selling 772 shares during the period. Legacy Capital Group California Inc.’s holdings in Fresh Del Monte Produce were worth $573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDP. LSV Asset Management grew its stake in shares of Fresh Del Monte Produce by 14.4% in the first quarter. LSV Asset Management now owns 281,597 shares of the company’s stock worth $7,296,000 after acquiring an additional 35,395 shares during the period. Vanguard Group Inc. boosted its position in Fresh Del Monte Produce by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,456,951 shares of the company’s stock worth $116,995,000 after purchasing an additional 48,784 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Fresh Del Monte Produce in the first quarter worth about $1,749,000. Principal Financial Group Inc. increased its position in shares of Fresh Del Monte Produce by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 183,911 shares of the company’s stock valued at $4,765,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Fresh Del Monte Produce by 10.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 73,440 shares of the company’s stock valued at $1,903,000 after purchasing an additional 6,915 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Insider Activity at Fresh Del Monte Produce

In other news, Director Mary Ann Cloyd sold 1,689 shares of Fresh Del Monte Produce stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $27.20, for a total value of $45,940.80. Following the completion of the transaction, the director now owns 22,188 shares in the company, valued at approximately $603,513.60. The trade was 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 the SEC website. In related news, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Cloyd sold 1,689 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $27.20, for a total value of $45,940.80. Following the completion of the sale, the director now owns 22,188 shares in the company, valued at approximately $603,513.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,915 shares of company stock valued at $301,603. Insiders own 30.10% of the company’s stock.

Fresh Del Monte Produce Stock Performance

NYSE:FDP opened at $28.95 on Friday. The stock has a 50-day simple moving average of $28.99 and a two-hundred day simple moving average of $25.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 2.08. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $30.59. The firm has a market capitalization of $1.39 billion, a PE ratio of -56.76 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Thursday, August 1st. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. Fresh Del Monte Produce’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, August 15th. Fresh Del Monte Produce’s dividend payout ratio is -196.08%.

Fresh Del Monte Produce Company 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.