Ameriprise Financial Inc. Grows Holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Ameriprise Financial Inc. boosted its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,695 shares of the company’s stock after acquiring an additional 18,480 shares during the quarter. Ameriprise Financial Inc. owned about 0.53% of Fresh Del Monte Produce worth $13,425,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Icon Advisers Inc. Co. raised its position in Fresh Del Monte Produce by 153.7% in the second quarter. Icon Advisers Inc. Co. now owns 13,700 shares of the company’s stock worth $697,000 after acquiring an additional 8,300 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Fresh Del Monte Produce by 23.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 282,680 shares of the company’s stock valued at $14,391,000 after acquiring an additional 52,977 shares in the last quarter. Teachers Advisors LLC grew its stake in Fresh Del Monte Produce by 8.5% during the 2nd quarter. Teachers Advisors LLC now owns 456,167 shares of the company’s stock valued at $23,223,000 after acquiring an additional 35,688 shares in the last quarter. Martingale Asset Management L P grew its stake in Fresh Del Monte Produce by 1.7% during the 2nd quarter. Martingale Asset Management L P now owns 123,038 shares of the company’s stock valued at $6,264,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Systematic Financial Management LP grew its stake in Fresh Del Monte Produce by 21.7% during the 2nd quarter. Systematic Financial Management LP now owns 34,500 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,140 shares in the last quarter. Hedge funds and other institutional investors own 66.81% of the company’s stock.

In other news, Director Michael J. Berthelot sold 1,021 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $47.07, for a total value of $48,058.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Contreras sold 1,796 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.60, for a total value of $85,489.60. Following the completion of the transaction, the chief financial officer now directly owns 4,116 shares of the company’s stock, valued at $195,921.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,189 shares of company stock valued at $2,692,266. 36.90% of the stock is owned by corporate insiders.

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Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 46.91 on Tuesday. Fresh Del Monte Produce, Inc. has a 1-year low of $45.32 and a 1-year high of $66.86. The firm’s 50-day moving average price is $46.58 and its 200 day moving average price is $51.18. The stock has a market cap of $2.35 billion, a PE ratio of 14.92 and a beta of 0.43.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.15). Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The firm had revenue of $1.15 billion for the quarter. During the same period last year, the business posted $1.75 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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