Morgan Stanley Sells 78,148 Shares of Fresh Del Monte Produce Inc (NYSE:FDP)

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Morgan Stanley trimmed its stake in Fresh Del Monte Produce Inc (NYSE:FDP) by 82.8% during the 2nd quarter, Holdings Channel reports. The firm owned 16,290 shares of the company’s stock after selling 78,148 shares during the quarter. Morgan Stanley’s holdings in Fresh Del Monte Produce were worth $439,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Quantamental Technologies LLC grew its position in Fresh Del Monte Produce by 26.6% during the second quarter. Quantamental Technologies LLC now owns 4,308 shares of the company’s stock valued at $116,000 after acquiring an additional 905 shares during the last quarter. Bank of Montreal Can grew its position in Fresh Del Monte Produce by 111.7% during the second quarter. Bank of Montreal Can now owns 4,653 shares of the company’s stock valued at $126,000 after acquiring an additional 2,455 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in Fresh Del Monte Produce during the second quarter valued at approximately $270,000. Commonwealth Bank of Australia grew its position in Fresh Del Monte Produce by 58.2% during the second quarter. Commonwealth Bank of Australia now owns 10,600 shares of the company’s stock valued at $285,000 after acquiring an additional 3,900 shares during the last quarter. Finally, US Bancorp DE grew its position in Fresh Del Monte Produce by 36.6% during the second quarter. US Bancorp DE now owns 16,064 shares of the company’s stock valued at $433,000 after acquiring an additional 4,300 shares during the last quarter. Institutional investors own 63.08% of the company’s stock.

A number of brokerages have commented on FDP. ValuEngine upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Shore Capital reiterated a “buy” rating on shares of Fresh Del Monte Produce in a research report on Tuesday, November 5th.

Shares of NYSE:FDP traded up $0.02 during trading on Tuesday, reaching $31.55. 402 shares of the company traded hands, compared to its average volume of 293,533. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.94 and a beta of 0.90. Fresh Del Monte Produce Inc has a 52-week low of $22.98 and a 52-week high of $38.79. The company has a current ratio of 1.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average is $31.44 and its 200-day moving average is $28.41.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.19. The firm had revenue of $1.07 billion during the quarter. Fresh Del Monte Produce had a return on equity of 3.00% and a net margin of 1.29%.

The business also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 12th.

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, 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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Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fresh Del Monte Produce Inc (NYSE:FDP).

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

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