Kovitz Investment Group Partners LLC Purchases 37,207 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Kovitz Investment Group Partners LLC increased its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 50.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 110,607 shares of the company’s stock after buying an additional 37,207 shares during the period. Kovitz Investment Group Partners LLC owned about 0.23% of Fresh Del Monte Produce worth $3,264,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Fresh Del Monte Produce by 29.8% during the second quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after buying an additional 156,344 shares during the last quarter. Millennium Management LLC boosted its position in shares of Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock worth $13,906,000 after acquiring an additional 94,854 shares during the last quarter. LSV Asset Management grew its stake in Fresh Del Monte Produce by 31.4% during the second quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after acquiring an additional 88,498 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fresh Del Monte Produce by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock valued at $31,329,000 after acquiring an additional 59,521 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Fresh Del Monte Produce in the 2nd quarter worth $930,000. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Down 0.4 %

Shares of Fresh Del Monte Produce stock opened at $33.42 on Tuesday. Fresh Del Monte Produce Inc. has a twelve month low of $21.23 and a twelve month 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 business has a 50-day moving average price of $31.71 and a 200-day moving average price of $27.58. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 101.27 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data 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. The business had revenue of $1.02 billion for 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 company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 2.99%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 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.