Fresh Del Monte Produce Inc (FDP) Position Lifted by New York State Common Retirement Fund

January 16th, 20187:53 am @

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New York State Common Retirement Fund lifted its position in Fresh Del Monte Produce Inc (NYSE:FDP) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 46,600 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Fresh Del Monte Produce worth $2,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDP. Northern Trust Corp raised its position in shares of Fresh Del Monte Produce by 11.7% in the 2nd quarter. Northern Trust Corp now owns 868,327 shares of the company’s stock valued at $44,206,000 after acquiring an additional 90,867 shares during the period. JPMorgan Chase Co. increased its stake in Fresh Del Monte Produce by 51.1% during the 2nd quarter. JPMorgan Chase Co. now owns 229,566 shares of the company’s stock worth $11,687,000 after purchasing an additional 77,677 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of 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 worth $14,391,000 after acquiring an additional 52,977 shares in the last quarter. LSV Asset Management grew its stake in shares of Fresh Del Monte Produce by 2.5% during the 2nd quarter. LSV Asset Management now owns 2,169,822 shares of the company’s stock worth $110,465,000 after acquiring an additional 52,300 shares in the last quarter. Finally, Dean Capital Management bought a new position in shares of Fresh Del Monte Produce in the second quarter valued at $2,111,000. 65.37% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Inc (NYSE:FDP) opened at $48.77 on Tuesday. Fresh Del Monte Produce Inc has a 52 week low of $43.02 and a 52 week high of $62.80. The firm has a market cap of $2,425.67, a price-to-earnings ratio of 17.93 and a beta of 0.44. The company has a quick ratio of 1.27, a current ratio of 2.64 and a debt-to-equity ratio of 0.15.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.62). Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The business had revenue of $952.70 million for the quarter. During the same period last year, the company earned $1.17 earnings per share. Fresh Del Monte Produce’s revenue was up .3% on a year-over-year basis.

Fresh Del Monte Produce Company Profile

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.

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Article source: https://ledgergazette.com/2018/01/16/fresh-del-monte-produce-inc-fdp-stake-increased-by-new-york-state-common-retirement-fund.html