Legato Capital Management LLC reduced its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 66.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,016 shares of the company's stock after selling 46,387 shares during the quarter. Legato Capital Management LLC's holdings in Fresh Del Monte Produce were worth $764,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted its position in Fresh Del Monte Produce by 75.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company's stock valued at $58,000 after buying an additional 750 shares during the period. KBC Group NV increased its stake in shares of 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 acquiring an additional 1,005 shares in the last quarter. nVerses Capital LLC lifted its position in Fresh Del Monte Produce by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company's stock valued at $115,000 after acquiring an additional 2,600 shares during the period. Royce & Associates LP bought a new stake in Fresh Del Monte Produce during the third quarter worth about $201,000. Finally, GAMMA Investing LLC grew its holdings in Fresh Del Monte Produce by 106.5% in the fourth quarter. GAMMA Investing LLC now owns 7,482 shares of the company's stock worth $248,000 after purchasing an additional 3,858 shares during the period. 64.83% of the stock is currently owned by institutional investors.
Fresh Del Monte Produce Stock Down 1.7 %
Shares of NYSE:FDP traded down $0.53 on Monday, hitting $30.25. 198,561 shares of the company traded hands, compared to its average volume of 254,457. The company has a market cap of $1.45 billion, a PE ratio of 91.68 and a beta of 0.39. The stock has a 50 day simple moving average of $31.98 and a 200-day simple moving average of $30.86. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $35.27. 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 Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Fresh Del Monte Produce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fresh Del Monte Produce wasn't on the list.
While Fresh Del Monte Produce currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
