Fresh Del Monte Produce (NYSE:FDP) issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.08) earnings per share for the quarter, Bloomberg Earnings reports. Fresh Del Monte Produce had a return on equity of 6.70% and a net margin of 2.96%. The business had revenue of $953.70 million for the quarter, compared to the consensus estimate of $925.00 million. During the same period in the prior year, the business earned $0.26 earnings per share. Fresh Del Monte Produce’s revenue was down .1% compared to the same quarter last year.
Fresh Del Monte Produce (NYSE FDP) traded down $0.01 during trading hours on Wednesday, hitting $47.49. 282,953 shares of the company traded hands, compared to its average volume of 239,755. Fresh Del Monte Produce has a twelve month low of $43.02 and a twelve month high of $61.98. The company has a quick ratio of 1.21, a current ratio of 2.59 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2,318.54, a PE ratio of 20.13 and a beta of 0.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. Fresh Del Monte Produce’s dividend payout ratio is presently 25.42%.
In related news, VP Reyes Jorge Pelaez sold 600 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $47.99, for a total value of $28,794.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Madeleine L. Champion bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The stock was purchased at an average cost of $52.72 per share, with a total value of $52,720.00. The disclosure for this purchase can be found here. Insiders sold 7,530 shares of company stock valued at $353,312 over the last three months. 36.90% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in FDP. Boston Partners acquired a new stake in Fresh Del Monte Produce during the 4th quarter valued at $22,908,000. Bank of New York Mellon Corp lifted its holdings in Fresh Del Monte Produce by 48.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 594,651 shares of the company’s stock valued at $27,033,000 after purchasing an additional 193,496 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in Fresh Del Monte Produce by 31.5% during the 3rd quarter. Epoch Investment Partners Inc. now owns 587,360 shares of the company’s stock valued at $26,701,000 after purchasing an additional 140,612 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Fresh Del Monte Produce by 389.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 90,378 shares of the company’s stock valued at $4,385,000 after purchasing an additional 71,908 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its holdings in Fresh Del Monte Produce by 93.9% during the 3rd quarter. Dean Investment Associates LLC now owns 125,780 shares of the company’s stock valued at $5,718,000 after purchasing an additional 60,920 shares during the last quarter. 65.93% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Fresh Del Monte Produce (NYSE:FDP) Issues Quarterly Earnings Results” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2018/03/14/fresh-del-monte-produce-fdp-releases-quarterly-earnings-results.html.
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.
Receive News & Ratings for Fresh Del Monte Produce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresh Del Monte Produce and related companies with MarketBeat.com's FREE daily email newsletter.