Sei Investments Co. Purchases 28,247 Shares of Fresh Del Monte Produce, Inc. $FDP

Sei Investments Co. lifted its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 307.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,432 shares of the company’s stock after buying an additional 28,247 shares during the period. Sei Investments Co.’s holdings in Fresh Del Monte Produce were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Wasatch Advisors LP purchased a new stake in Fresh Del Monte Produce during the second quarter valued at $44,011,000. Fisher Asset Management LLC purchased a new position in Fresh Del Monte Produce in the fourth quarter worth about $21,174,000. Millennium Management LLC boosted its position in Fresh Del Monte Produce by 1,647.2% in the first quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock worth $18,390,000 after purchasing an additional 562,356 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Fresh Del Monte Produce by 289.6% during the 2nd quarter. First Trust Advisors LP now owns 243,686 shares of the company’s stock valued at $7,900,000 after purchasing an additional 181,145 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Fresh Del Monte Produce by 104.9% during the 4th quarter. Public Sector Pension Investment Board now owns 311,534 shares of the company’s stock valued at $11,100,000 after purchasing an additional 159,490 shares during the period. Institutional investors own 64.83% of the company’s stock.

Insider Buying and Selling at Fresh Del Monte Produce

In other news, Director Ahmad Abu-Ghazaleh bought 4,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $29.41 per share, for a total transaction of $117,640.00. Following the purchase, the director owned 4,000 shares in the company, valued at $117,640. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 30.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings cut shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Wall Street Zen lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fresh Del Monte Produce presently has an average rating of “Hold”.

Fresh Del Monte Produce Stock Performance

FDP opened at $30.75 on Tuesday. The firm has a market cap of $1.46 billion, a P/E ratio of 21.21 and a beta of 0.22. Fresh Del Monte Produce, Inc. has a 1-year low of $26.47 and a 1-year high of $43.58. The company has a 50 day simple moving average of $28.91 and a two-hundred day simple moving average of $35.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.10.

Fresh Del Monte Produce Company Profile

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.