Fresh Del Monte Produce, Inc. $FDP Holdings Cut by Waterfront Wealth Inc.

Waterfront Wealth Inc. reduced its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 35.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,024 shares of the company’s stock after selling 17,248 shares during the period. Waterfront Wealth Inc. owned 0.06% of Fresh Del Monte Produce worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in Fresh Del Monte Produce by 390.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock valued at $31,000 after purchasing an additional 766 shares during the period. Geneos Wealth Management Inc. lifted its stake in Fresh Del Monte Produce by 238.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after buying an additional 750 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Fresh Del Monte Produce by 34.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock valued at $98,000 after acquiring an additional 775 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Fresh Del Monte Produce by 34.2% during the second quarter. BNP Paribas Financial Markets now owns 3,543 shares of the company’s stock valued at $115,000 after acquiring an additional 902 shares during the period. Finally, Corton Capital Inc. bought a new position in shares of Fresh Del Monte Produce during the second quarter worth about $203,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fresh Del Monte Produce

In related news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $38.42, for a total transaction of $1,097,198.36. Following the completion of the transaction, the chief executive officer owned 4,962,224 shares of the company’s stock, valued at $190,648,646.08. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 31.60% of the stock is currently owned by company insiders.

Fresh Del Monte Produce Trading Down 2.7%

Shares of NYSE:FDP opened at $38.45 on Monday. The company has a 50 day moving average of $37.23 and a 200-day moving average of $36.13. The company has a current ratio of 2.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.84 billion, a P/E ratio of 23.59 and a beta of 0.30. Fresh Del Monte Produce, Inc. has a twelve month low of $26.50 and a twelve month high of $40.75.

Wall Street Analyst Weigh In

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

About Fresh Del Monte Produce

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.