9,829 Shares in Fresh Del Monte Produce Inc. (NYSE:FDP) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 9,829 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDP. American Century Companies Inc. boosted its stake 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 purchasing an additional 156,344 shares during the period. Vanguard Group Inc. grew its stake in Fresh Del Monte Produce by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock worth $119,194,000 after acquiring an additional 143,363 shares in the last quarter. Millennium Management LLC increased 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 period. LSV Asset Management raised its stake in shares of 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. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Fresh Del Monte Produce in the first quarter valued at approximately $1,749,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Insiders Place Their Bets

In other news, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The sale was disclosed in a document filed 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 1.1 %

NYSE:FDP opened at $33.81 on Friday. The firm has a 50-day simple moving average of $30.15 and a 200-day simple moving average of $26.49. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27. The firm has a market cap of $1.62 billion, a P/E ratio of 102.46 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $989.45 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Fresh Del Monte Produce’s revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a 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.