Algert Global LLC Invests $695,000 in Fresh Del Monte Produce Inc (FDP) Stock

Algert Global LLC bought a new stake in shares of Fresh Del Monte Produce Inc (NYSE:FDP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,279 shares of the company’s stock, valued at approximately $695,000.

A number of other large investors have also added to or reduced their stakes in FDP. Federated Investors Inc. PA lifted its holdings in shares of Fresh Del Monte Produce by 0.3% during the 2nd quarter. Federated Investors Inc. PA now owns 13,729 shares of the company’s stock valued at $699,000 after buying an additional 35 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Fresh Del Monte Produce by 3.3% during the 2nd quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after buying an additional 133 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in Fresh Del Monte Produce by 6.5% in the 2nd quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock worth $271,000 after purchasing an additional 326 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Fresh Del Monte Produce by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 111,883 shares of the company’s stock worth $5,697,000 after purchasing an additional 448 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Fresh Del Monte Produce by 9.2% in the 2nd quarter. Voya Investment Management LLC now owns 15,395 shares of the company’s stock worth $784,000 after purchasing an additional 1,292 shares during the last quarter. 65.37% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Inc (NYSE FDP) traded up $0.27 on Wednesday, reaching $48.55. The company had a trading volume of 450,200 shares, compared to its average volume of 266,783. Fresh Del Monte Produce Inc has a 12-month low of $43.02 and a 12-month high of $62.80. The company has a current ratio of 2.64, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2,400.00, a price-to-earnings ratio of 17.85 and a beta of 0.44.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, October 31st. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.62). Fresh Del Monte Produce had a return on equity of 7.62% and a net margin of 3.40%. The company had revenue of $952.70 million during the quarter. During the same period in the prior year, the business posted $1.17 EPS. The business’s revenue was up .3% on a year-over-year basis.

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Fresh Del Monte Produce Company Profile

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.

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

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