BlackRock Fund Advisors decreased its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 1.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 812,892 shares of the company’s stock after selling 13,720 shares during the period. BlackRock Fund Advisors owned 1.58% of Fresh Del Monte Produce worth $34,198,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Fresh Del Monte Produce during the first quarter worth approximately $216,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Fresh Del Monte Produce by 10.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 26,744 shares of the company’s stock worth $1,040,000 after buying an additional 2,606 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Fresh Del Monte Produce by 423.8% in the fourth quarter. GSA Capital Partners LLP now owns 29,420 shares of the company’s stock worth $1,144,000 after buying an additional 23,803 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Fresh Del Monte Produce by 12.9% in the fourth quarter. Credit Suisse AG now owns 38,874 shares of the company’s stock worth $1,512,000 after buying an additional 4,437 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Fresh Del Monte Produce by 17.4% in the first quarter. BlackRock Group LTD now owns 38,963 shares of the company’s stock worth $1,639,000 after buying an additional 5,765 shares during the last quarter.
Shares of Fresh Del Monte Produce Inc. (NYSE:FDP) traded down 1.19% on Wednesday, hitting $56.53. The stock had a trading volume of 208,508 shares. The firm has a 50 day moving average of $54.90 and a 200 day moving average of $46.48. Fresh Del Monte Produce Inc. has a 12 month low of $36.56 and a 12 month high of $57.92. The stock has a market cap of $2.87 billion and a P/E ratio of 29.52.
FDP has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, July 12th. Wunderlich raised their price objective on shares of Fresh Del Monte Produce from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 11th. Finally, Sidoti initiated coverage on shares of Fresh Del Monte Produce in a research note on Thursday, May 12th. They set a “neutral” rating and a $54.00 price objective on the stock.
In other Fresh Del Monte Produce news, CEO Mohammad Abu-Ghazaleh sold 20,622 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $48.89, for a total value of $1,008,209.58. Following the completion of the sale, the chief executive officer now owns 5,445,278 shares in the company, valued at $266,219,641.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ghazaleh Amir Abu sold 11,201 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $52.91, for a total value of $592,644.91. Following the completion of the sale, the director now owns 3,360,000 shares of the company’s stock, valued at approximately $177,777,600. The disclosure for this sale can be found here.
Fresh Del Monte Produce Inc is a holding company. Through its subsidiaries, the Company is engaged in sourcing, transportation and marketing of fresh and fresh-cut fruit and vegetables together with prepared food products in Europe, Africa and the Middle East. The Company’s operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
