Illinois Municipal Retirement Fund Has $514,000 Stock Holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Illinois Municipal Retirement Fund lessened its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 3.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,684 shares of the company’s stock after selling 530 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Fresh Del Monte Produce were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. SummerHaven Investment Management LLC boosted its position in shares of Fresh Del Monte Produce by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 36,004 shares of the company’s stock worth $1,110,000 after buying an additional 471 shares during the period. Bank of Montreal Can boosted its position in shares of Fresh Del Monte Produce by 7.4% in the fourth quarter. Bank of Montreal Can now owns 9,669 shares of the company’s stock worth $321,000 after buying an additional 666 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Fresh Del Monte Produce by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,211 shares of the company’s stock worth $638,000 after buying an additional 684 shares during the period. MetLife Investment Management LLC boosted its position in shares of Fresh Del Monte Produce by 4.0% in the fourth quarter. MetLife Investment Management LLC now owns 20,684 shares of the company’s stock worth $687,000 after buying an additional 786 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in shares of Fresh Del Monte Produce in the fourth quarter worth $30,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP opened at $33.13 on Friday. Fresh Del Monte Produce, Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.69. The business has a 50-day moving average of $33.38 and a two-hundred day moving average of $31.96. The stock has a market capitalization of $1.59 billion, a P/E ratio of 10.83 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.05 and a quick ratio of 1.01.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Fresh Del Monte Produce had a return on equity of 6.52% and a net margin of 3.45%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 14th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.20 annualized dividend and a yield of 3.62%. Fresh Del Monte Produce’s dividend payout ratio is 39.22%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th.

Fresh Del Monte Produce 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.