Navellier & Associates Inc. Takes $2.86 Million Position in Fresh Del Monte Produce, Inc. $FDP

Navellier & Associates Inc. acquired a new position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 82,477 shares of the company’s stock, valued at approximately $2,864,000. Navellier & Associates Inc. owned about 0.17% of Fresh Del Monte Produce at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Fresh Del Monte Produce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,090 shares of the company’s stock valued at $619,000 after purchasing an additional 879 shares during the period. Millennium Management LLC boosted its stake in shares of Fresh Del Monte Produce by 1,647.2% in the 1st quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock valued at $18,390,000 after purchasing an additional 562,356 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Fresh Del Monte Produce by 10.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,910 shares of the company’s stock worth $2,926,000 after buying an additional 9,202 shares during the period. Jane Street Group LLC raised its stake in Fresh Del Monte Produce by 2,889.0% during the first quarter. Jane Street Group LLC now owns 122,716 shares of the company’s stock worth $3,783,000 after buying an additional 127,116 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in Fresh Del Monte Produce by 4.2% during the second quarter. KLP Kapitalforvaltning AS now owns 34,500 shares of the company’s stock worth $1,118,000 after buying an additional 1,400 shares during the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $38.42, for a total value of $1,097,198.36. Following the transaction, the chief executive officer owned 4,962,224 shares in the company, valued at approximately $190,648,646.08. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 30.10% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE FDP opened at $38.23 on Tuesday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 23.45 and a beta of 0.30. The firm’s 50-day moving average price is $37.26 and its 200-day moving average price is $36.15. The company has a current ratio of 2.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. Fresh Del Monte Produce, Inc. has a 1-year low of $26.50 and a 1-year high of $40.75.

Analysts Set New Price Targets

A number of brokerages have weighed in on FDP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a report on Monday, December 29th. Wall Street Zen lowered Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fresh Del Monte Produce presently has an average rating of “Hold”.

Fresh Del Monte Produce 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.