Carolina Wealth Advisors LLC Buys 486 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Carolina Wealth Advisors LLC increased its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,403 shares of the company’s stock after buying an additional 486 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Fresh Del Monte Produce were worth $644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its holdings in shares of Fresh Del Monte Produce by 1.2% in the third quarter. State Street Corp now owns 1,306,527 shares of the company’s stock valued at $38,595,000 after acquiring an additional 15,278 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 59,521 shares during the period. Geode Capital Management LLC grew its stake in Fresh Del Monte Produce by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 773,116 shares of the company’s stock valued at $22,842,000 after purchasing an additional 2,767 shares during the period. American Century Companies Inc. increased its position in shares of Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after purchasing an additional 156,344 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Fresh Del Monte Produce by 17.5% during the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock worth $13,906,000 after purchasing an additional 94,854 shares during the period. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP opened at $31.41 on Thursday. 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’s 50-day moving average is $33.31 and its 200 day moving average is $29.49. 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 company has a market capitalization of $1.51 billion, a P/E ratio of 95.18 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 0.36% and a return on equity of 5.91%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS.

Fresh Del Monte Produce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio is presently 303.04%.

Fresh Del Monte Produce Company 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.