Fresh Del Monte Produce (NYSE:FDP) issued its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Fresh Del Monte Produce had a return on equity of 7.62% and a net margin of 3.40%. The firm had revenue of $953.70 million for the quarter, compared to analyst estimates of $925.00 million. During the same quarter last year, the firm earned $0.26 earnings per share. The company’s revenue was down .1% compared to the same quarter last year.
Fresh Del Monte Produce (NYSE:FDP) opened at $46.56 on Tuesday. Fresh Del Monte Produce has a one year low of $43.02 and a one year high of $62.80. The company has a current ratio of 2.64, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2,315.75, a PE ratio of 17.12 and a beta of 0.43.
In other news, Director Madeleine L. Champion purchased 1,000 shares of the company’s stock in a transaction dated Friday, May 25th. The shares were acquired at an average cost of $52.72 per share, for a total transaction of $52,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 36.90% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management boosted its holdings in Fresh Del Monte Produce by 1.6% during the fourth quarter. LSV Asset Management now owns 2,470,364 shares of the company’s stock worth $117,762,000 after buying an additional 38,554 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Fresh Del Monte Produce by 25.8% during the fourth quarter. Bank of New York Mellon Corp now owns 747,863 shares of the company’s stock worth $35,651,000 after buying an additional 153,212 shares in the last quarter. State Street Corp boosted its holdings in Fresh Del Monte Produce by 5.5% during the second quarter. State Street Corp now owns 703,883 shares of the company’s stock worth $35,833,000 after buying an additional 36,779 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in Fresh Del Monte Produce by 31.5% during the third quarter. Epoch Investment Partners Inc. now owns 587,360 shares of the company’s stock worth $26,701,000 after buying an additional 140,612 shares in the last quarter. Finally, Boston Partners purchased a new stake in Fresh Del Monte Produce during the fourth quarter worth about $22,908,000. 65.23% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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