Fresh Del Monte Produce, Inc. $FDP Stock Holdings Lowered by Waterfront Wealth Inc.

Waterfront Wealth Inc. cut its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 35.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,024 shares of the company’s stock after selling 17,248 shares during the period. Waterfront Wealth Inc.’s holdings in Fresh Del Monte Produce were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Alps Advisors Inc. acquired a new stake in shares of Fresh Del Monte Produce during the 3rd quarter valued at $836,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Fresh Del Monte Produce by 11.4% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 83,946 shares of the company’s stock worth $2,915,000 after purchasing an additional 8,569 shares during the period. Carrera Capital Advisors lifted its holdings in shares of Fresh Del Monte Produce by 4.1% during the third quarter. Carrera Capital Advisors now owns 132,426 shares of the company’s stock valued at $4,598,000 after purchasing an additional 5,226 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of Fresh Del Monte Produce by 22.1% in the 3rd quarter. Great Lakes Advisors LLC now owns 12,821 shares of the company’s stock valued at $445,000 after purchasing an additional 2,324 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Fresh Del Monte Produce in the 3rd quarter worth about $226,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Insider Activity at Fresh Del Monte Produce

In other news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $38.42, for a total value of $1,097,198.36. Following the transaction, the chief executive officer directly owned 4,962,224 shares of the company’s stock, valued at approximately $190,648,646.08. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.60% of the stock is currently owned by corporate insiders.

Fresh Del Monte Produce Stock Performance

FDP stock opened at $38.45 on Monday. The firm has a 50 day simple moving average of $37.23 and a 200 day simple moving average of $36.13. Fresh Del Monte Produce, Inc. has a 52 week low of $26.50 and a 52 week high of $40.75. The stock has a market cap of $1.84 billion, a P/E ratio of 23.59 and a beta of 0.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 2.09.

Wall Street Analysts Forecast Growth

FDP has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a 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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average 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.