Fresh Del Monte Produce, Inc. (FDP) Stake Lifted by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,650 shares of the company’s stock after acquiring an additional 1,955 shares during the period. Ameriprise Financial Inc. owned approximately 0.53% of Fresh Del Monte Produce worth $12,075,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of Fresh Del Monte Produce by 3.3% in the second quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after acquiring an additional 133 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in shares of Fresh Del Monte Produce by 6.5% in the second quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock valued at $271,000 after acquiring an additional 326 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Fresh Del Monte Produce in the second quarter valued at approximately $337,000. SG Americas Securities LLC lifted its stake in Fresh Del Monte Produce by 56.8% during the third quarter. SG Americas Securities LLC now owns 7,469 shares of the company’s stock valued at $340,000 after purchasing an additional 2,706 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in Fresh Del Monte Produce during the third quarter valued at approximately $378,000. Institutional investors and hedge funds own 65.37% of the company’s stock.

Shares of Fresh Del Monte Produce, Inc. (FDP) opened at $47.58 on Tuesday. Fresh Del Monte Produce, Inc. has a one year low of $43.02 and a one year high of $62.80. The company has a market cap of $2,342.61, a P/E ratio of 17.19 and a beta of 0.44. The company has a current ratio of 2.64, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Tuesday, October 31st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.62). Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The business had revenue of $952.70 million for the quarter. During the same period in the previous year, the company posted $1.17 earnings per share. Fresh Del Monte Produce’s revenue was up .3% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, November 14th. Fresh Del Monte Produce’s dividend payout ratio is presently 22.06%.

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Fresh Del Monte Produce Profile

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.

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

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