Tidal Investments LLC acquired a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,221 shares of the company's stock, valued at approximately $597,000.
A number of other hedge funds have also added to or reduced their stakes in FDP. nVerses Capital LLC purchased a new position in Fresh Del Monte Produce during the second quarter valued at approximately $28,000. Canada Pension Plan Investment Board acquired a new position in shares of Fresh Del Monte Produce during the second quarter worth $68,000. Point72 DIFC Ltd purchased a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at approximately $91,000. GAMMA Investing LLC lifted its position in Fresh Del Monte Produce by 125.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock worth $107,000 after acquiring an additional 2,020 shares during the period. Finally, Royce & Associates LP acquired a new stake in shares of Fresh Del Monte Produce in the third quarter worth $201,000. 64.83% of the stock is currently owned by institutional investors.
Shares of NYSE FDP opened at $33.32 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 100.97 and a beta of 0.41. The firm's 50 day simple moving average is $32.56 and its 200-day simple moving average is $28.22. Fresh Del Monte Produce Inc. has a 12 month low of $21.23 and a 12 month high of $35.27.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.47 by $0.30. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The firm's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.00%. Fresh Del Monte Produce's payout ratio is 303.03%.
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.
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