Alps Advisors Inc. Buys New Stake in Fresh Del Monte Produce, Inc. $FDP

Alps Advisors Inc. acquired a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP) in the third quarter, HoldingsChannel.com reports. The fund acquired 24,084 shares of the company’s stock, valued at approximately $836,000.

A number of other institutional investors have also recently made changes to their positions in FDP. GAMMA Investing LLC grew its stake in Fresh Del Monte Produce by 5.9% during the 3rd quarter. GAMMA Investing LLC now owns 9,619 shares of the company’s stock valued at $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 second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,614 shares of the company’s stock worth $279,000 after purchasing an additional 583 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in Fresh Del Monte Produce by 1.5% during the third quarter. CWA Asset Management Group LLC now owns 39,397 shares of the company’s stock worth $1,368,000 after purchasing an additional 597 shares in the last quarter. Waterfront Wealth Inc. increased its position in Fresh Del Monte Produce by 1.3% during the second quarter. Waterfront Wealth Inc. now owns 48,272 shares of the company’s stock worth $1,565,000 after buying an additional 599 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Fresh Del Monte Produce by 238.1% during 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. 64.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fresh Del Monte Produce in a report on Monday, December 29th. Wall Street Zen downgraded Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Fresh Del Monte Produce Stock Down 0.2%

Shares of NYSE FDP opened at $39.85 on Friday. Fresh Del Monte Produce, Inc. has a 1 year low of $26.50 and a 1 year high of $40.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 2.09. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 24.45 and a beta of 0.30. The stock’s 50-day simple moving average is $37.41 and its 200-day simple moving average is $36.23.

Insider Activity at Fresh Del Monte Produce

In other news, 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 transaction, the chief executive officer owned 4,962,224 shares of the company’s stock, valued at approximately $190,648,646.08. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 31.60% 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.