Edgestream Partners L.P. Has $3.26 Million Stock Holdings in Fresh Del Monte Produce, Inc. $FDP

Edgestream Partners L.P. raised its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 58.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 81,018 shares of the company’s stock after purchasing an additional 29,845 shares during the quarter. Edgestream Partners L.P.’s holdings in Fresh Del Monte Produce were worth $3,262,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its position in shares of Fresh Del Monte Produce by 226.8% in the 1st quarter. Quantinno Capital Management LP now owns 64,887 shares of the company’s stock worth $2,612,000 after purchasing an additional 45,034 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Fresh Del Monte Produce by 63.2% in the first quarter. Lazard Asset Management LLC now owns 138,416 shares of the company’s stock valued at $5,573,000 after purchasing an additional 53,597 shares during the last quarter. Sei Investments Co. increased its holdings in Fresh Del Monte Produce by 307.5% in the first quarter. Sei Investments Co. now owns 37,432 shares of the company’s stock valued at $1,507,000 after purchasing an additional 28,247 shares during the last quarter. Parallel Advisors LLC lifted its stake in 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 buying an additional 445 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Fresh Del Monte Produce during the first quarter worth about $208,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

FDP stock opened at $29.71 on Friday. The business’s 50-day moving average price is $29.21 and its two-hundred day moving average price is $36.11. The company has a current ratio of 2.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.41 billion, a PE ratio of 20.49 and a beta 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 posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Fresh Del Monte Produce had a return on equity of 7.61% and a net margin of 1.63%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered Fresh Del Monte Produce from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Wall Street Zen downgraded shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Insider Buying and Selling at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, Director Ahmad Abu-Ghazaleh acquired 4,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $29.41 per share, for a total transaction of $117,640.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at approximately $117,640. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 30.60% of the stock is owned by company 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.