Dean Capital Management Sells 15,675 Shares of Fresh Del Monte Produce Inc (NYSE:FDP)

Dean Capital Management decreased its holdings in Fresh Del Monte Produce Inc (NYSE:FDP) by 27.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,575 shares of the company’s stock after selling 15,675 shares during the period. Dean Capital Management owned about 0.08% of Fresh Del Monte Produce worth $1,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Swiss National Bank increased its stake in shares of Fresh Del Monte Produce by 2.3% during the first quarter. Swiss National Bank now owns 56,700 shares of the company’s stock worth $2,565,000 after acquiring an additional 1,300 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Fresh Del Monte Produce by 14.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 10,942 shares of the company’s stock worth $487,000 after acquiring an additional 1,384 shares during the period. Vident Investment Advisory LLC increased its stake in shares of Fresh Del Monte Produce by 2.4% during the second quarter. Vident Investment Advisory LLC now owns 65,143 shares of the company’s stock worth $2,902,000 after acquiring an additional 1,506 shares during the period. Federated Investors Inc. PA increased its stake in shares of Fresh Del Monte Produce by 12.0% during the first quarter. Federated Investors Inc. PA now owns 14,562 shares of the company’s stock worth $659,000 after acquiring an additional 1,565 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Fresh Del Monte Produce by 9.0% during the first quarter. Citigroup Inc. now owns 19,500 shares of the company’s stock worth $882,000 after acquiring an additional 1,617 shares during the period. Institutional investors and hedge funds own 61.72% of the company’s stock.

Shares of FDP opened at $32.51 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38. Fresh Del Monte Produce Inc has a twelve month low of $31.66 and a twelve month high of $52.43. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 28.72 and a beta of 0.38.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, July 31st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($1.13). Fresh Del Monte Produce had a return on equity of 3.19% and a net margin of 0.91%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year.

Separately, TheStreet lowered shares of Fresh Del Monte Produce from a “b-” rating to a “c+” rating in a research report on Friday, August 17th.

In other Fresh Del Monte Produce news, VP Hector Rivera sold 2,484 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $37.99, for a total value of $94,367.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Emanuel Lazopoulos sold 3,099 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $39.04, for a total transaction of $120,984.96. The disclosure for this sale can be found here. Insiders sold 102,406 shares of company stock worth $3,887,719 in the last ninety days. Insiders own 39.00% of the company’s stock.

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 worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

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

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