Jacobs Levy Equity Management Inc. Purchases Shares of 67,518 Fresh Del Monte Produce Inc. (NYSE:FDP)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 67,518 shares of the company’s stock, valued at approximately $1,749,000. Jacobs Levy Equity Management Inc. owned approximately 0.14% of Fresh Del Monte Produce as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDP. Parallel Advisors LLC lifted its position in shares of Fresh Del Monte Produce by 197.6% during the 4th quarter. Parallel Advisors LLC now owns 1,119 shares of the company’s stock valued at $29,000 after acquiring an additional 743 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Fresh Del Monte Produce during the 1st quarter valued at $48,000. EntryPoint Capital LLC acquired a new stake in shares of Fresh Del Monte Produce during the 1st quarter valued at $49,000. Advisors Asset Management Inc. purchased a new stake in shares of Fresh Del Monte Produce in the first quarter valued at $174,000. Finally, Inspire Advisors LLC purchased a new stake in shares of Fresh Del Monte Produce in the first quarter valued at $209,000. 64.83% of the stock is owned by institutional investors.

Fresh Del Monte Produce Trading Up 1.3 %

FDP opened at $25.05 on Thursday. The stock has a fifty day moving average of $22.64 and a 200-day moving average of $24.02. Fresh Del Monte Produce Inc. has a 12-month low of $21.23 and a 12-month high of $28.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 2.16.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). Fresh Del Monte Produce had a negative net margin of 0.56% and a positive return on equity of 4.59%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Fresh Del Monte Produce’s revenue for the quarter was down 1.8% on a year-over-year basis.

Insider Transactions at Fresh Del Monte Produce

In related news, SVP Marissa R. Tenazas purchased 2,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of $21.85 per share, with a total value of $43,700.00. Following the completion of the purchase, the senior vice president now owns 2,108 shares of the company’s stock, valued at approximately $46,059.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael J. Berthelot sold 5,800 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $23.64, for a total value of $137,112.00. Following the sale, the director now directly owns 13,916 shares of the company’s stock, valued at $328,974.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Marissa R. Tenazas purchased 2,000 shares of the stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $21.85 per share, for a total transaction of $43,700.00. Following the completion of the transaction, the senior vice president now owns 2,108 shares of the company’s stock, valued at approximately $46,059.80. The disclosure for this purchase can be found here. 30.10% of the stock is currently owned by company insiders.

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.