Fresh Del Monte Produce, Inc. $FDP Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 28.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,467 shares of the company’s stock after selling 200,464 shares during the period. Allianz Asset Management GmbH owned approximately 1.07% of Fresh Del Monte Produce worth $17,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other Fresh Del Monte Produce news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the firm’s stock in a transaction 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 trade represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 31.60% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE FDP opened at $38.45 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 2.09. The firm has a fifty day moving average of $37.23 and a 200 day moving average of $36.13. The firm has a market cap of $1.84 billion, a PE ratio of 23.59 and a beta of 0.30. Fresh Del Monte Produce, Inc. has a one year low of $26.50 and a one year high of $40.75.

Analysts Set New Price Targets

FDP has been the topic of several recent research reports. Wall Street Zen lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Fresh Del Monte Produce in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.