Alps Advisors Inc. Purchases New Shares in Fresh Del Monte Produce, Inc. $FDP

Alps Advisors Inc. purchased a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,084 shares of the company’s stock, valued at approximately $836,000. Alps Advisors Inc. owned 0.05% of Fresh Del Monte Produce as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of Fresh Del Monte Produce by 11.4% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 83,946 shares of the company’s stock valued at $2,915,000 after purchasing an additional 8,569 shares in the last quarter. Carrera Capital Advisors raised its stake in Fresh Del Monte Produce by 4.1% during the 3rd quarter. Carrera Capital Advisors now owns 132,426 shares of the company’s stock valued at $4,598,000 after buying an additional 5,226 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Fresh Del Monte Produce by 22.1% in the third quarter. Great Lakes Advisors LLC now owns 12,821 shares of the company’s stock worth $445,000 after acquiring an additional 2,324 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Fresh Del Monte Produce during the 3rd quarter valued at about $226,000. Finally, Sylvest Advisors LLC lifted its position in Fresh Del Monte Produce by 9.3% during the third quarter. Sylvest Advisors LLC now owns 25,072 shares of the company’s stock valued at $870,000 after purchasing an additional 2,133 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FDP shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fresh Del Monte Produce in a report on Monday, December 29th. Wall Street Zen downgraded shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Fresh Del Monte Produce Price Performance

Shares of FDP opened at $39.85 on Friday. The company has a 50 day moving average of $37.41 and a two-hundred day moving average of $36.23. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. Fresh Del Monte Produce, Inc. has a twelve month low of $26.50 and a twelve month high of $40.75. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 24.45 and a beta of 0.30.

Insider Activity

In other news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of Fresh Del Monte Produce stock in a transaction on Monday, December 15th. The shares were sold at an average price of $38.42, for a total transaction of $1,097,198.36. Following the completion of the sale, the chief executive officer directly owned 4,962,224 shares in the company, valued at approximately $190,648,646.08. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 31.60% of the company’s stock.

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.