Empowered Funds LLC Has $7.37 Million Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Empowered Funds LLC lifted its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,340 shares of the company’s stock after purchasing an additional 12,596 shares during the period. Empowered Funds LLC owned 0.52% of Fresh Del Monte Produce worth $7,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FDP. Royce & Associates LP acquired a new stake in shares of Fresh Del Monte Produce in the third quarter worth about $201,000. Victory Capital Management Inc. acquired a new stake in Fresh Del Monte Produce in the 3rd quarter worth approximately $342,000. Aigen Investment Management LP bought a new stake in Fresh Del Monte Produce during the third quarter worth approximately $290,000. Entropy Technologies LP acquired a new position in Fresh Del Monte Produce during the third quarter valued at approximately $314,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Fresh Del Monte Produce in the third quarter valued at approximately $269,000. 64.83% of the stock is currently owned by institutional investors.

Insider Activity at Fresh Del Monte Produce

In other news, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.75, for a total transaction of $150,321.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 30.10% of the company’s stock.

Fresh Del Monte Produce Trading Up 1.0 %

Shares of NYSE:FDP opened at $33.78 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09. The stock’s 50-day moving average is $30.15 and its 200-day moving average is $26.50. The company has a market cap of $1.62 billion, a P/E ratio of 102.37 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.30. The firm had revenue of $1.02 billion during 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 firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 303.04%.

Wall Street Analyst Weigh In

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.

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.