Clifford Capital Partners LLC Trims Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Clifford Capital Partners LLC trimmed its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP) by 28.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,964 shares of the company’s stock after selling 7,654 shares during the period. Clifford Capital Partners LLC’s holdings in Fresh Del Monte Produce were worth $560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of Fresh Del Monte Produce in the second quarter valued at about $28,000. GAMMA Investing LLC raised its holdings in shares of Fresh Del Monte Produce by 232.1% in the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after buying an additional 1,121 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Fresh Del Monte Produce during the first quarter worth about $48,000. Canada Pension Plan Investment Board purchased a new position in Fresh Del Monte Produce during the second quarter worth about $68,000. Finally, Point72 DIFC Ltd purchased a new position in Fresh Del Monte Produce in the second quarter valued at about $91,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Stock Up 1.2 %

Shares of FDP opened at $33.98 on Wednesday. The company’s fifty day moving average is $30.77 and its two-hundred day moving average is $26.88. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.63 billion, a PE ratio of 102.97 and a beta of 0.41.

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 the consensus estimate 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 net margin of 0.36% and a return on equity of 5.91%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 303.04%.

Wall Street Analysts Forecast Growth

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

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.