Fresh Del Monte Produce, Inc. (FDP) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 35.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 285,736 shares of the company’s stock after selling 154,342 shares during the period. Allianz Asset Management GmbH owned 0.57% of Fresh Del Monte Produce worth $12,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FDP. Federated Investors Inc. PA increased its position in Fresh Del Monte Produce by 0.3% during the second quarter. Federated Investors Inc. PA now owns 13,729 shares of the company’s stock worth $699,000 after buying an additional 35 shares during the period. Amalgamated Bank increased its holdings in shares of Fresh Del Monte Produce by 3.3% in the second quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after purchasing an additional 133 shares during the period. Suntrust Banks Inc. increased its holdings in shares of Fresh Del Monte Produce by 6.5% in the second quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock valued at $271,000 after purchasing an additional 326 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Fresh Del Monte Produce by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 111,883 shares of the company’s stock valued at $5,697,000 after purchasing an additional 448 shares during the period. Finally, Voya Investment Management LLC increased its holdings in shares of Fresh Del Monte Produce by 9.2% in the second quarter. Voya Investment Management LLC now owns 15,395 shares of the company’s stock valued at $784,000 after purchasing an additional 1,292 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce, Inc. (NYSE:FDP) opened at $46.19 on Friday. The stock has a market capitalization of $2,313.76, a P/E ratio of 16.98 and a beta of 0.44. The company has a quick ratio of 1.27, a current ratio of 2.64 and a debt-to-equity ratio of 0.15. Fresh Del Monte Produce, Inc. has a twelve month low of $43.02 and a twelve month high of $62.80.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Tuesday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.62). The company had revenue of $952.70 million during the quarter. Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, November 14th. Fresh Del Monte Produce’s payout ratio is currently 22.06%.

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About Fresh Del Monte Produce

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.

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

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