United Services Automobile Association boosted its holdings in shares of Fresh Del Monte Produce Inc (NYSE:FDP) by 58.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,963 shares of the company’s stock after buying an additional 16,200 shares during the period. United Services Automobile Association’s holdings in Fresh Del Monte Produce were worth $1,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Northern Trust Corp raised its position in Fresh Del Monte Produce by 9.3% during the second quarter. Northern Trust Corp now owns 980,185 shares of the company’s stock valued at $43,667,000 after buying an additional 83,772 shares during the period. California Public Employees Retirement System raised its position in Fresh Del Monte Produce by 12.5% during the second quarter. California Public Employees Retirement System now owns 14,732 shares of the company’s stock valued at $656,000 after buying an additional 1,640 shares during the period. Millennium Management LLC raised its position in Fresh Del Monte Produce by 87.2% during the second quarter. Millennium Management LLC now owns 34,006 shares of the company’s stock valued at $1,515,000 after buying an additional 15,843 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Fresh Del Monte Produce by 14.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 10,942 shares of the company’s stock valued at $487,000 after buying an additional 1,384 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Fresh Del Monte Produce by 51.2% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 31,909 shares of the company’s stock valued at $1,422,000 after buying an additional 10,800 shares during the period. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE FDP opened at $30.15 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38. Fresh Del Monte Produce Inc has a one year low of $29.70 and a one year high of $52.43. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 25.42 and a beta of 0.38.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, July 31st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($1.13). Fresh Del Monte Produce had a net margin of 0.91% and a return on equity of 3.19%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm earned $1.40 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year.

In other Fresh Del Monte Produce news, SVP Emanuel Lazopoulos sold 3,099 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $39.04, for a total value of $120,984.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Rice sold 1,314 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $35.49, for a total value of $46,633.86. Following the completion of the transaction, the senior vice president now owns 3,150 shares in the company, valued at approximately $111,793.50. The disclosure for this sale can be found here. Insiders sold 102,406 shares of company stock worth $3,887,719 in the last 90 days. Corporate insiders own 39.00% of the company’s stock.

Separately, TheStreet lowered Fresh Del Monte Produce from a “b-” rating to a “c+” rating in a research report on Friday, August 17th.

Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

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

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