Dimensional Fund Advisors LP Has $133.12 Million Stock Position in Fresh Del Monte Produce, Inc. $FDP

Dimensional Fund Advisors LP reduced its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,306,316 shares of the company’s stock after selling 22,782 shares during the quarter. Dimensional Fund Advisors LP owned 0.07% of Fresh Del Monte Produce worth $133,117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDP. Parallel Advisors LLC lifted its holdings in shares of Fresh Del Monte Produce by 8.5% in the first quarter. Parallel Advisors LLC now owns 5,659 shares of the company’s stock valued at $228,000 after purchasing an additional 445 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Fresh Del Monte Produce during the first quarter worth about $208,000. Hsbc Holdings PLC bought a new position in shares of Fresh Del Monte Produce during the first quarter worth about $306,000. Waterfront Wealth Inc. raised its position in Fresh Del Monte Produce by 2.9% in the 1st quarter. Waterfront Wealth Inc. now owns 31,936 shares of the company’s stock valued at $1,286,000 after buying an additional 909 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in Fresh Del Monte Produce in the 1st quarter valued at approximately $214,000. 64.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on FDP shares. Wall Street Zen cut shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Fresh Del Monte Produce has a consensus rating of “Hold”.

Fresh Del Monte Produce Stock Performance

NYSE:FDP opened at $28.31 on Tuesday. The stock has a market cap of $1.35 billion, a P/E ratio of 19.52 and a beta of 0.22. The stock has a 50 day simple moving average of $29.51 and a 200 day simple moving average of $36.29. The company has a current ratio of 2.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. Fresh Del Monte Produce, Inc. has a 1-year low of $26.47 and a 1-year high of $43.58.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Fresh Del Monte Produce had a net margin of 1.63% and a return on equity of 7.61%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS.

Insider Buying and Selling

In other Fresh Del Monte Produce news, Director Ahmad Abu-Ghazaleh purchased 4,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $29.41 per share, with a total value of $117,640.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $117,640. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 30.60% of the stock is currently owned by corporate insiders.

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.