Teacher Retirement System of Texas Has $6.22 Million Holdings in Fresh Del Monte Produce, Inc. $FDP

Teacher Retirement System of Texas decreased its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,041 shares of the company’s stock after selling 15,045 shares during the quarter. Teacher Retirement System of Texas owned 0.37% of Fresh Del Monte Produce worth $6,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its holdings in shares of Fresh Del Monte Produce by 1.2% during the second quarter. SummerHaven Investment Management LLC now owns 36,419 shares of the company’s stock worth $1,181,000 after buying an additional 415 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Fresh Del Monte Produce by 5.9% during the 3rd quarter. GAMMA Investing LLC now owns 9,619 shares of the company’s stock worth $334,000 after acquiring an additional 538 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Fresh Del Monte Produce by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,614 shares of the company’s stock worth $279,000 after acquiring an additional 583 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Fresh Del Monte Produce by 1.5% in the third quarter. CWA Asset Management Group LLC now owns 39,397 shares of the company’s stock valued at $1,368,000 after purchasing an additional 597 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its position in shares of Fresh Del Monte Produce by 1.3% in the second quarter. Waterfront Wealth Inc. now owns 48,272 shares of the company’s stock worth $1,565,000 after purchasing an additional 599 shares in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FDP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research report on Monday, December 29th. Wall Street Zen cut Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Fresh Del Monte Produce currently has a consensus rating of “Hold”.

Fresh Del Monte Produce Stock Performance

FDP opened at $38.60 on Tuesday. Fresh Del Monte Produce, Inc. has a 12-month low of $26.50 and a 12-month high of $40.75. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 23.68 and a beta of 0.30. The business has a 50 day moving average of $36.53 and a 200-day moving average of $35.81. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.09.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Wednesday, October 29th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $0.77 EPS. The firm’s revenue was up .2% compared to the same quarter last year.

Insider Buying and Selling at Fresh Del Monte Produce

In related news, SVP Effie D. Silva sold 1,325 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $36.79, for a total value of $48,746.75. Following the transaction, the senior vice president owned 6,052 shares in the company, valued at approximately $222,653.08. This represents a 17.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 4,962,224 shares in the company, valued at approximately $190,648,646.08. This represents a 0.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,883 shares of company stock worth $1,361,045 over the last ninety days. Insiders own 30.10% of the company’s stock.

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.