Fresh Del Monte Produce Inc. (NYSE:FDP) Short Interest Update

Fresh Del Monte Produce Inc. (NYSE:FDP) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 423,900 shares, a decrease of 7.0% from the September 15th total of 455,600 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 282,400 shares, the days-to-cover ratio is presently 1.5 days.

Insider Buying and Selling

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is available at this hyperlink. In other Fresh Del Monte Produce news, CFO Monica Vicente sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $27.44, for a total value of $49,392.00. Following the transaction, the chief financial officer now directly owns 3,466 shares of the company’s stock, valued at approximately $95,107.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The disclosure for this sale can be found here. Insiders sold 10,915 shares of company stock valued at $301,603 over the last quarter. 30.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. nVerses Capital LLC lifted its position in shares of Fresh Del Monte Produce by 200.0% during the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock valued at $115,000 after purchasing an additional 2,600 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Fresh Del Monte Produce by 6.4% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,334 shares of the company’s stock valued at $2,255,000 after buying an additional 4,566 shares during the last quarter. Creative Planning bought a new position in shares of Fresh Del Monte Produce during the 3rd quarter worth approximately $261,000. Exchange Traded Concepts LLC lifted its holdings in Fresh Del Monte Produce by 112.9% during the third quarter. Exchange Traded Concepts LLC now owns 57,690 shares of the company’s stock worth $1,704,000 after acquiring an additional 30,595 shares during the period. Finally, CWM LLC raised its stake in shares of Fresh Del Monte Produce by 4.1% during the 3rd quarter. CWM LLC now owns 37,004 shares of the company’s stock worth $1,093,000 after purchasing an additional 1,449 shares during the period. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Up 0.5 %

NYSE FDP traded up $0.15 during mid-day trading on Thursday, hitting $30.02. The company’s stock had a trading volume of 126,780 shares, compared to its average volume of 249,915. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -58.53 and a beta of 0.41. The company’s 50 day simple moving average is $28.75 and its 200 day simple moving average is $25.56. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. Fresh Del Monte Produce has a twelve month low of $21.23 and a twelve month high of $30.59.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company earned $0.99 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 15th. Fresh Del Monte Produce’s dividend payout ratio is currently -196.08%.

Analyst Upgrades and Downgrades

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

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.