Pacer Advisors Inc. Invests $42.52 Million in Fresh Del Monte Produce Inc. (NYSE:FDP)

Pacer Advisors Inc. acquired a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,280,388 shares of the company's stock, valued at approximately $42,522,000. Pacer Advisors Inc. owned 2.67% of Fresh Del Monte Produce at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Fresh Del Monte Produce in the second quarter valued at approximately $68,000. KBC Group NV increased 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 valued at $85,000 after buying an additional 1,005 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Fresh Del Monte Produce during the 2nd quarter worth about $91,000. GAMMA Investing LLC increased its holdings in shares of Fresh Del Monte Produce by 125.9% in the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock valued at $107,000 after purchasing an additional 2,020 shares during the last quarter. Finally, nVerses Capital LLC boosted its holdings in shares of Fresh Del Monte Produce by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company's stock worth $115,000 after buying an additional 2,600 shares during the period. Institutional investors and hedge funds own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Performance

Fresh Del Monte Produce stock traded down $0.60 during trading hours on Friday, hitting $30.48. The company had a trading volume of 503,597 shares, compared to its average volume of 239,175. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27. The firm has a market cap of $1.46 billion, a PE ratio of 92.37 and a beta of 0.41. The firm has a 50-day moving average of $32.76 and a 200 day moving average of $30.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.30. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $989.45 million. During the same period last year, the firm posted $0.35 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year.

About Fresh Del Monte Produce

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.