Quantinno Capital Management LP Raises Holdings in Fresh Del Monte Produce, Inc. $FDP

Quantinno Capital Management LP raised its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDPFree Report) by 226.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,887 shares of the company’s stock after purchasing an additional 45,034 shares during the quarter. Quantinno Capital Management LP owned about 0.14% of Fresh Del Monte Produce worth $2,612,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fresh Del Monte Produce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,090 shares of the company’s stock worth $619,000 after buying an additional 879 shares during the last quarter. Millennium Management LLC increased its stake in shares of Fresh Del Monte Produce by 1,647.2% in the 1st quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock valued at $18,390,000 after purchasing an additional 562,356 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Fresh Del Monte Produce by 10.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,910 shares of the company’s stock worth $2,926,000 after purchasing an additional 9,202 shares during the period. Jane Street Group LLC boosted its position in Fresh Del Monte Produce by 2,889.0% during the first quarter. Jane Street Group LLC now owns 122,716 shares of the company’s stock worth $3,783,000 after purchasing an additional 127,116 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Fresh Del Monte Produce by 25.4% during the second quarter. Prudential Financial Inc. now owns 9,016 shares of the company’s stock worth $292,000 after purchasing an additional 1,829 shares in the last quarter. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FDP. Wall Street Zen lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Fresh Del Monte Produce from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Check Out Our Latest Analysis on FDP

Fresh Del Monte Produce Stock Performance

Shares of Fresh Del Monte Produce stock opened at $30.75 on Monday. The firm has a market cap of $1.46 billion, a PE ratio of 21.21 and a beta of 0.22. The company has a quick ratio of 1.10, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. Fresh Del Monte Produce, Inc. has a 52 week low of $26.47 and a 52 week high of $43.58. The business’s fifty day simple moving average is $28.90 and its 200-day simple moving average is $35.85.

Insiders Place Their Bets

In related news, Director Ahmad Abu-Ghazaleh purchased 4,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $29.41 per share, for a total transaction of $117,640.00. Following the completion of the transaction, the director directly owned 4,000 shares in the company, valued at approximately $117,640. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 30.60% of the stock is currently owned by company insiders.

Fresh Del Monte Produce Company Profile

(Free Report)

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.

Further Reading

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

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