Meeder Asset Management Inc. Trims Holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Meeder Asset Management Inc. decreased its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 58.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,195 shares of the company’s stock after selling 3,049 shares during the period. Meeder Asset Management Inc.’s holdings in Fresh Del Monte Produce were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDP. Waterfront Wealth Inc. grew its position in shares of Fresh Del Monte Produce by 111.0% during the 1st quarter. Waterfront Wealth Inc. now owns 47,673 shares of the company’s stock worth $1,470,000 after buying an additional 25,081 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Fresh Del Monte Produce by 17.4% during the 1st quarter. New York State Teachers Retirement System now owns 22,741 shares of the company’s stock worth $701,000 after buying an additional 3,371 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Fresh Del Monte Produce by 2,671.9% during the 1st quarter. GAMMA Investing LLC now owns 207,393 shares of the company’s stock worth $6,727,000 after buying an additional 199,911 shares in the last quarter. CWA Asset Management Group LLC grew its position in shares of Fresh Del Monte Produce by 65.5% during the 1st quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company’s stock worth $960,000 after buying an additional 12,316 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Fresh Del Monte Produce by 44.9% during the 4th quarter. Deutsche Bank AG now owns 31,761 shares of the company’s stock worth $1,055,000 after buying an additional 9,848 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

FDP opened at $39.30 on Thursday. Fresh Del Monte Produce, Inc. has a 12-month low of $24.24 and a 12-month high of $40.75. The company has a current ratio of 2.05, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $33.77 and its 200-day simple moving average is $32.20. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.84 and a beta of 0.38.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.28. Fresh Del Monte Produce had a return on equity of 6.52% and a net margin of 3.45%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.