Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP boosted its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 385,584 shares of the company’s stock after buying an additional 40,609 shares during the period. Invenomic Capital Management LP owned 0.81% of Fresh Del Monte Produce worth $9,990,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

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

Fresh Del Monte Produce Stock Performance

Shares of FDP stock traded up $0.30 during midday trading on Tuesday, hitting $24.71. The company had a trading volume of 256,207 shares, compared to its average volume of 238,544. The company’s 50 day simple moving average is $22.64 and its 200 day simple moving average is $24.02. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $28.55. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -48.45 and a beta of 0.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.11.

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