Walleye Capital LLC Increases Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Walleye Capital LLC increased its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 190.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,159 shares of the company’s stock after buying an additional 18,471 shares during the quarter. Walleye Capital LLC’s holdings in Fresh Del Monte Produce were worth $832,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FDP. nVerses Capital LLC purchased a new position in shares of Fresh Del Monte Produce in the second quarter valued at $28,000. GAMMA Investing LLC boosted its stake in Fresh Del Monte Produce by 232.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after acquiring an additional 1,121 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Fresh Del Monte Produce in the 2nd quarter worth about $68,000. Point72 DIFC Ltd bought a new position in shares of Fresh Del Monte Produce in the 2nd quarter worth about $91,000. Finally, Royce & Associates LP bought a new position in shares of Fresh Del Monte Produce in the 3rd quarter worth about $201,000. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Trading Down 1.5 %

Fresh Del Monte Produce stock opened at $33.55 on Friday. The firm’s 50-day moving average is $31.63 and its 200-day moving average is $27.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The company has a market cap of $1.61 billion, a P/E ratio of 101.67 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last posted 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. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 303.03%.

About Fresh Del Monte Produce

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.