Insider Buying: Fresh Del Monte Produce Inc (FDP) Director Acquires 1,000 Shares of Stock
Fresh Del Monte Produce Inc (NYSE:FDP) Director Madeleine L. Champion acquired 1,000 shares of the business’s stock in a transaction on Friday, May 25th. The shares were bought at an average cost of $52.72 per share, with a total value of $52,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Fresh Del Monte Produce Inc (FDP) opened at $45.11 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. Fresh Del Monte Produce Inc has a fifty-two week low of $43.02 and a fifty-two week high of $62.80. The stock has a market cap of $2,229.21, a P/E ratio of 16.36 and a beta of 0.43.
Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank grew its holdings in 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 in the last quarter. ETRADE Capital Management LLC purchased a new position in shares of Fresh Del Monte Produce in the third quarter valued at $213,000. Cubist Systematic Strategies LLC purchased a new position in shares of Fresh Del Monte Produce in the third quarter valued at $240,000. Suntrust Banks Inc. grew its holdings in shares of Fresh Del Monte Produce by 6.5% in the second quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock valued at $271,000 after purchasing an additional 326 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Fresh Del Monte Produce in the fourth quarter valued at $260,000. 64.68% of the stock is owned by institutional investors and hedge funds.
About Fresh Del Monte Produce
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.
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