Fresh Del Monte Produce (NYSE:FDP) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Fresh Del Monte Produce (NYSE:FDP – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Fresh Del Monte Produce Trading Down 0.8 %

Shares of NYSE:FDP opened at $30.25 on Thursday. The company has a current ratio of 2.05, a quick ratio of 0.94 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.45 billion, a PE ratio of 14.76 and a beta of 0.67. Fresh Del Monte Produce has a 12-month low of $22.63 and a 12-month high of $32.49. The business’s fifty day simple moving average is $28.85 and its 200-day simple moving average is $27.07.

Fresh Del Monte Produce (NYSE:FDP – Get Rating) last announced its earnings results on Wednesday, February 22nd. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.50. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Fresh Del Monte Produce had a net margin of 2.22% and a return on equity of 4.97%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) earnings per share.

Insiders Place Their Bets

In related news, SVP Hans Sauter sold 1,499 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $30.76, for a total value of $46,109.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Sergio Mancilla sold 1,485 shares of the stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $30.20, for a total value of $44,847.00. Following the transaction, the vice president now directly owns 68 shares of the company’s stock, valued at $2,053.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Hans Sauter sold 1,499 shares of Fresh Del Monte Produce stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $30.76, for a total value of $46,109.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,677 shares of company stock valued at $112,788. 36.96% of the stock is currently owned by corporate insiders.

Institutional Trading of Fresh Del Monte Produce

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System raised its holdings in shares of Fresh Del Monte Produce by 3.9% during the fourth quarter. Arizona State Retirement System now owns 10,797 shares of the company’s stock worth $283,000 after purchasing an additional 401 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Fresh Del Monte Produce by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 26,143 shares of the company’s stock valued at $685,000 after buying an additional 411 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Fresh Del Monte Produce by 8.3% in the third quarter. Mutual of America Capital Management LLC now owns 6,091 shares of the company’s stock worth $142,000 after buying an additional 469 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Fresh Del Monte Produce by 2.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,233 shares of the company’s stock worth $556,000 after acquiring an additional 580 shares during the period. Finally, Texas Permanent School Fund raised its position in Fresh Del Monte Produce by 2.5% during the second quarter. Texas Permanent School Fund now owns 24,194 shares of the company’s stock valued at $714,000 after acquiring an additional 599 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Company Profile

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Fresh Del Monte Produce, Inc engages in production and distribution of fresh fruit and vegetables products. It operates through the following segments: Bananas and Fresh and Value-added products segments. The Bananas segment produces banana. The Fresh and Value-added products segment includes sales of pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, prepared meals and snacks.