Chesapeake Capital Corp IL Purchases Shares of 20,221 Fresh Del Monte Produce Inc. (NYSE:FDP)

Chesapeake Capital Corp IL purchased a new stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,221 shares of the company’s stock, valued at approximately $592,000.

Other institutional investors have also bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Fresh Del Monte Produce during the 2nd quarter worth about $28,000. GAMMA Investing LLC boosted its position in shares of Fresh Del Monte Produce by 232.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock worth $35,000 after purchasing an additional 1,121 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Fresh Del Monte Produce during the 1st quarter worth about $48,000. EntryPoint Capital LLC bought a new position in shares of Fresh Del Monte Produce during the 1st quarter worth about $49,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Fresh Del Monte Produce during the 2nd quarter worth about $68,000. Institutional investors own 64.83% of the company’s stock.

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce stock in a transaction that occurred 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 accessible through this link. 30.10% of the stock is owned by insiders.

Fresh Del Monte Produce Trading Up 1.0 %

FDP opened at $33.78 on Friday. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The firm has a market capitalization of $1.62 billion, a PE ratio of 102.37 and a beta of 0.41. 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 company’s 50-day moving average is $30.15 and its 200 day moving average is $26.50.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.30. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $989.45 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 2.96%. Fresh Del Monte Produce’s payout ratio is 303.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report 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.