Metropolitan Life Insurance Co. NY Sells 264 Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP)
Metropolitan Life Insurance Co. NY decreased its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,359 shares of the company’s stock after selling 264 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Fresh Del Monte Produce were worth $1,324,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. MARSHALL WACE ASIA Ltd acquired a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $229,000. Marshall Wace North America L.P. acquired a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $229,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $258,000. Eqis Capital Management Inc. raised its position in shares of Fresh Del Monte Produce by 24.8% in the first quarter. Eqis Capital Management Inc. now owns 4,558 shares of the company’s stock valued at $270,000 after buying an additional 907 shares during the last quarter. Finally, Icon Advisers Inc. Co. acquired a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $320,000. Hedge funds and other institutional investors own 67.78% of the company’s stock.
Fresh Del Monte Produce, Inc. (FDP) opened at 51.04 on Tuesday. Fresh Del Monte Produce, Inc. has a 52 week low of $48.87 and a 52 week high of $66.86. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 13.95 and a beta of 0.42. The stock has a 50 day moving average price of $50.78 and a 200 day moving average price of $55.79.
Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.33. Fresh Del Monte Produce had a return on equity of 11.34% and a net margin of 4.71%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $1.57 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Fresh Del Monte Produce, Inc. will post $3.79 earnings per share for the current year.
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Separately, Zacks Investment Research lowered Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 1st.
In related news, Director Hani El-Naffy sold 106,044 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $54.09, for a total value of $5,735,919.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 36.90% of the stock is owned by corporate insiders.
About Fresh Del Monte Produce
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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