Hancock Whitney Corp Invests $3.93 Million in Fresh Del Monte Produce Inc (NYSE:FDP) Stock

Hancock Whitney Corp bought a new position in Fresh Del Monte Produce Inc (NYSE:FDP) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 145,193 shares of the company’s stock, valued at approximately $3,925,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FDP. Advisors Asset Management Inc. boosted its position in shares of Fresh Del Monte Produce by 3.6% during the fourth quarter. Advisors Asset Management Inc. now owns 11,739 shares of the company’s stock valued at $332,000 after buying an additional 407 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of Fresh Del Monte Produce by 13.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 7,637 shares of the company’s stock valued at $216,000 after buying an additional 900 shares during the period. Citigroup Inc. boosted its position in shares of Fresh Del Monte Produce by 4.8% during the fourth quarter. Citigroup Inc. now owns 19,701 shares of the company’s stock valued at $556,000 after buying an additional 911 shares during the period. Legal & General Group Plc boosted its position in shares of Fresh Del Monte Produce by 4.2% during the fourth quarter. Legal & General Group Plc now owns 24,496 shares of the company’s stock valued at $692,000 after buying an additional 989 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in shares of Fresh Del Monte Produce by 19.6% during the fourth quarter. Commonwealth Bank of Australia now owns 6,700 shares of the company’s stock valued at $189,000 after buying an additional 1,100 shares during the period. 60.22% of the stock is currently owned by institutional investors.

Shares of NYSE:FDP traded up $0.16 during trading hours on Wednesday, hitting $27.88. 5,559 shares of the company’s stock traded hands, compared to its average volume of 233,465. Fresh Del Monte Produce Inc has a 1 year low of $24.15 and a 1 year high of $45.30. The firm has a market capitalization of $1.34 billion, a PE ratio of 539.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.92 and a quick ratio of 0.99.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Tuesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.09. Fresh Del Monte Produce had a positive return on equity of 0.10% and a negative net margin of 0.60%. The business had revenue of $1.15 billion during the quarter. During the same quarter last year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis.

In other Fresh Del Monte Produce news, Director Edward L. Boykin sold 2,207 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $27.00, for a total transaction of $59,589.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 4,646 shares of company stock valued at $130,735 in the last 90 days. Company insiders own 37.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2019/06/12/hancock-whitney-corp-invests-3-93-million-in-fresh-del-monte-produce-inc-nysefdp-stock.html.

Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, cucumbers, whole lettuce, broccoli, cauliflower, and other vegetables; and various other fruits, such as plantains and mangoes.

Further Reading: What is a growth and income fund?

Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fresh Del Monte Produce Inc (NYSE:FDP).

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

Receive News & Ratings for Fresh Del Monte Produce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresh Del Monte Produce and related companies with MarketBeat.com's FREE daily email newsletter.