Fresh Del Monte Produce, Inc. (FDP) Holdings Reduced by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,366 shares of the company’s stock after selling 3,673 shares during the period. Neuberger Berman Group LLC owned approximately 0.07% of Fresh Del Monte Produce worth $1,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Fresh Del Monte Produce by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock worth $210,026,000 after purchasing an additional 259,884 shares during the last quarter. BlackRock Inc. grew its position in Fresh Del Monte Produce by 1,147.2% in the 1st quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock worth $141,167,000 after purchasing an additional 2,192,263 shares during the last quarter. State Street Corp grew its position in Fresh Del Monte Produce by 1.7% in the 1st quarter. State Street Corp now owns 667,104 shares of the company’s stock worth $39,512,000 after purchasing an additional 11,392 shares during the last quarter. Renaissance Technologies LLC grew its position in Fresh Del Monte Produce by 5.9% in the 1st quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock worth $37,279,000 after purchasing an additional 34,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Fresh Del Monte Produce by 49.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 464,385 shares of the company’s stock worth $27,506,000 after purchasing an additional 153,667 shares during the last quarter. Hedge funds and other institutional investors own 66.81% of the company’s stock.

In other Fresh Del Monte Produce news, Director Michael J. Berthelot sold 1,021 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $47.07, for a total value of $48,058.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Contreras sold 7,320 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $48.84, for a total transaction of $357,508.80. Following the completion of the sale, the chief financial officer now owns 7,320 shares of the company’s stock, valued at approximately $357,508.80. The disclosure for this sale can be found here. Insiders sold a total of 55,189 shares of company stock valued at $2,692,266 in the last 90 days. Corporate insiders own 36.90% of the company’s stock.

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Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 46.11 on Friday. The company has a market cap of $2.31 billion, a PE ratio of 14.66 and a beta of 0.44. The firm has a 50-day moving average of $47.72 and a 200 day moving average of $52.91. Fresh Del Monte Produce, Inc. has a 52-week low of $45.32 and a 52-week high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.15). Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The firm had revenue of $1.15 billion for the quarter. During the same period in the prior year, the company earned $1.75 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, August 14th. Fresh Del Monte Produce’s payout ratio is presently 18.93%.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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