Fresh Del Monte Produce Inc (NYSE:FDP) Short Interest Update

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Fresh Del Monte Produce Inc (NYSE:FDP) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 1,430,000 shares, a growth of 26.5% from the August 30th total of 1,130,000 shares. Based on an average trading volume of 479,900 shares, the short-interest ratio is presently 3.0 days. Approximately 4.7% of the company’s shares are short sold.

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in Fresh Del Monte Produce by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,131,300 shares of the company’s stock worth $30,489,000 after acquiring an additional 64,800 shares in the last quarter. Boston Partners grew its stake in Fresh Del Monte Produce by 42.7% in the 2nd quarter. Boston Partners now owns 1,101,093 shares of the company’s stock worth $29,521,000 after acquiring an additional 329,286 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Fresh Del Monte Produce by 446.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 846,319 shares of the company’s stock worth $22,807,000 after purchasing an additional 691,380 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Fresh Del Monte Produce by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 751,868 shares of the company’s stock worth $20,265,000 after purchasing an additional 60,981 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Fresh Del Monte Produce by 8.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 533,958 shares of the company’s stock worth $14,391,000 after purchasing an additional 43,399 shares during the period. Institutional investors and hedge funds own 63.32% of the company’s stock.

FDP stock traded up $0.01 during mid-day trading on Friday, reaching $30.41. The company had a trading volume of 212,743 shares, compared to its average volume of 988,256. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.91 and a quick ratio of 0.47. The company has a market capitalization of $1.47 billion, a PE ratio of 50.75 and a beta of 0.91. The firm has a 50 day moving average of $30.42 and a 200 day moving average of $27.90. Fresh Del Monte Produce has a 12 month low of $22.98 and a 12 month high of $38.79.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. The business had revenue of $1.24 billion for the quarter. Fresh Del Monte Produce had a net margin of 0.41% and a return on equity of 1.65%. Fresh Del Monte Produce’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share.

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, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, cucumbers, whole lettuce, broccoli, cauliflower, and other vegetables; and various other fruits, such as plantains and mangoes.

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