Oregon Public Employees Retirement Fund Has $247,000 Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Posted by Defense World Staff on Oct 24th, 2023

Oregon Public Employees Retirement Fund lessened its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP – Free Report) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,588 shares of the company’s stock after selling 529 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Fresh Del Monte Produce were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Citigroup Inc. boosted its position in shares of Fresh Del Monte Produce by 1.9% during the 1st quarter. Citigroup Inc. now owns 33,705 shares of the company’s stock worth $874,000 after purchasing an additional 635 shares in the last quarter. First Trust Advisors LP lifted its position in Fresh Del Monte Produce by 0.5% in the 1st quarter. First Trust Advisors LP now owns 123,111 shares of the company’s stock valued at $3,707,000 after acquiring an additional 645 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in Fresh Del Monte Produce by 1.9% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 36,633 shares of the company’s stock valued at $1,103,000 after acquiring an additional 685 shares in the last quarter. Legal & General Group Plc lifted its position in Fresh Del Monte Produce by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 93,685 shares of the company’s stock valued at $2,766,000 after acquiring an additional 884 shares in the last quarter. Finally, Martingale Asset Management L P lifted its position in Fresh Del Monte Produce by 1.2% in the 1st quarter. Martingale Asset Management L P now owns 74,638 shares of the company’s stock valued at $2,247,000 after acquiring an additional 899 shares in the last quarter. Institutional investors own 65.94% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE FDP opened at $25.01 on Tuesday. Fresh Del Monte Produce Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $32.49. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 8.71 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.97. The firm’s 50-day simple moving average is $25.73 and its 200 day simple moving average is $26.64.

Fresh Del Monte Produce (NYSE:FDP – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported $0.96 EPS for the quarter. Fresh Del Monte Produce had a net margin of 3.14% and a return on equity of 6.13%. The firm had revenue of $1.18 billion for the quarter.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 17th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. Fresh Del Monte Produce’s dividend payout ratio is currently 27.87%.

Insiders Place Their Bets

In other Fresh Del Monte Produce news, Director Michael J. Berthelot sold 6,000 shares of Fresh Del Monte Produce stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $28.47, for a total transaction of $170,820.00. Following the transaction, the director now owns 13,859 shares of the company’s stock, valued at approximately $394,565.73. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Mohammed Abbas sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $27.92, for a total transaction of $139,600.00. Following the completion of the sale, the chief operating officer now owns 21,325 shares in the company, valued at approximately $595,394. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Berthelot sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $28.47, for a total transaction of $170,820.00. Following the sale, the director now owns 13,859 shares of the company’s stock, valued at approximately $394,565.73. The disclosure for this sale can be found here. Insiders have sold a total of 13,025 shares of company stock valued at $367,196 in the last 90 days. 36.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Fresh Del Monte Produce in a research report on Thursday, October 5th. They issued a “buy” rating on the stock.

Check Out Our Latest Analysis on Fresh Del Monte Produce

Fresh Del Monte Produce Profile

(Free Report)

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North 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.