Meeder Asset Management Inc. Sells 3,049 Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP)

Meeder Asset Management Inc. lowered its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 58.1% during the first quarter, Holdings Channel.com reports. The firm owned 2,195 shares of the company’s stock after selling 3,049 shares during the quarter. Meeder Asset Management Inc.’s holdings in Fresh Del Monte Produce were worth $68,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new stake in shares of Fresh Del Monte Produce during the fourth quarter worth about $30,000. Sterling Capital Management LLC increased its stake in Fresh Del Monte Produce by 795.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,083 shares of the company’s stock valued at $36,000 after purchasing an additional 962 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Fresh Del Monte Produce in the fourth quarter worth $48,000. State of Wyoming purchased a new position in shares of Fresh Del Monte Produce in the fourth quarter worth $54,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Fresh Del Monte Produce in the fourth quarter worth $202,000. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Up 9.0%

NYSE FDP opened at $39.30 on Thursday. The company has a fifty day simple moving average of $33.77 and a two-hundred day simple moving average of $32.20. The stock has a market cap of $1.88 billion, a P/E ratio of 12.84 and a beta of 0.38. Fresh Del Monte Produce, Inc. has a 12-month low of $24.24 and a 12-month high of $40.75. The company has a current ratio of 2.05, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.28. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Fresh Del Monte Produce had a net margin of 3.45% and a return on equity of 6.52%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.06 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.