Fresh Del Monte Produce, Inc. $FDP Holdings Boosted by LSV Asset Management

LSV Asset Management raised its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,731,248 shares of the company’s stock after acquiring an additional 291,290 shares during the period. LSV Asset Management owned 3.62% of Fresh Del Monte Produce worth $60,109,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Fresh Del Monte Produce by 390.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock worth $31,000 after purchasing an additional 766 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Fresh Del Monte Produce by 238.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock worth $35,000 after buying an additional 750 shares during the period. Tower Research Capital LLC TRC lifted its stake in Fresh Del Monte Produce by 34.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock valued at $98,000 after buying an additional 775 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Fresh Del Monte Produce by 34.2% during the second quarter. BNP Paribas Financial Markets now owns 3,543 shares of the company’s stock valued at $115,000 after acquiring an additional 902 shares during the period. Finally, Corton Capital Inc. bought a new position in shares of Fresh Del Monte Produce during the second quarter worth about $203,000. 64.83% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $38.42, for a total transaction of $1,097,198.36. Following the transaction, the chief executive officer owned 4,962,224 shares in the company, valued at $190,648,646.08. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.60% of the stock is owned by company insiders.

Fresh Del Monte Produce Stock Performance

Shares of FDP opened at $39.85 on Friday. The firm has a market capitalization of $1.90 billion, a PE ratio of 24.45 and a beta of 0.30. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $37.41 and a 200 day moving average price of $36.23. Fresh Del Monte Produce, Inc. has a 52-week low of $26.50 and a 52-week high of $40.75.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research report on Monday, December 29th. Wall Street Zen lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.