Advisors Preferred LLC Acquires Shares of 226,565 Fresh Del Monte Produce Inc. (NYSE:FDP)

Advisors Preferred LLC acquired a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 226,565 shares of the company's stock, valued at approximately $7,459,000. Fresh Del Monte Produce comprises about 1.2% of Advisors Preferred LLC's portfolio, making the stock its 20th biggest position. Advisors Preferred LLC owned about 0.47% of Fresh Del Monte Produce as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. HHM Wealth Advisors LLC increased its position in shares of Fresh Del Monte Produce by 75.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company's stock valued at $58,000 after acquiring an additional 750 shares during the last quarter. Pacer Advisors Inc. bought a new position in Fresh Del Monte Produce during the 4th quarter worth $42,522,000. KBC Group NV raised its stake in Fresh Del Monte Produce by 65.0% in the 4th quarter. KBC Group NV now owns 2,550 shares of the company's stock worth $85,000 after purchasing an additional 1,005 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Fresh Del Monte Produce by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 60,156 shares of the company's stock valued at $1,998,000 after buying an additional 2,466 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth $253,000. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Price Performance

Shares of FDP traded down $0.21 during midday trading on Wednesday, hitting $30.64. The company's stock had a trading volume of 305,826 shares, compared to its average volume of 268,758. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 92.85 and a beta of 0.39. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27. The company's fifty day simple moving average is $32.18 and its two-hundred day simple moving average is $30.69.

Fresh Del Monte Produce Company Profile

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.