Fresh Del Monte Produce, Inc. $FDP Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 226.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,887 shares of the company’s stock after acquiring an additional 45,034 shares during the quarter. Quantinno Capital Management LP’s holdings in Fresh Del Monte Produce were worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FDP. Fisher Asset Management LLC acquired a new stake in Fresh Del Monte Produce in the fourth quarter valued at $21,174,000. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Fresh Del Monte Produce by 52.0% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 99,065 shares of the company’s stock worth $3,530,000 after purchasing an additional 33,890 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Fresh Del Monte Produce by 63.2% during the 1st quarter. Lazard Asset Management LLC now owns 138,416 shares of the company’s stock worth $5,573,000 after buying an additional 53,597 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Fresh Del Monte Produce by 14.2% in the fourth quarter. Teacher Retirement System of Texas now owns 204,388 shares of the company’s stock valued at $7,282,000 after acquiring an additional 25,347 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Fresh Del Monte Produce by 142.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,398 shares of the company’s stock valued at $1,012,000 after purchasing an additional 16,705 shares during the period. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Up 2.8%

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Fresh Del Monte Produce

In related news, Director Ahmad Abu-Ghazaleh acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $29.41 per share, for a total transaction of $117,640.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $117,640. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 30.60% of the stock is currently owned by company insiders.

About Fresh Del Monte Produce

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.