IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 3,294 Shares of Fresh Del Monte Produce, Inc. $FDP

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 4.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,377 shares of the company’s stock after selling 3,294 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.16% of Fresh Del Monte Produce worth $2,444,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming increased its holdings in shares of Fresh Del Monte Produce by 230.1% during the first quarter. State of Wyoming now owns 5,321 shares of the company’s stock valued at $164,000 after acquiring an additional 3,709 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Fresh Del Monte Produce by 81.0% during the second quarter. Parallel Advisors LLC now owns 5,475 shares of the company’s stock valued at $178,000 after acquiring an additional 2,450 shares in the last quarter. Blue Zone Wealth Advisors LLC acquired a new position in shares of Fresh Del Monte Produce during the second quarter valued at about $222,000. Kestra Private Wealth Services LLC acquired a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $235,000. Finally, Magnetar Financial LLC acquired a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $247,000. 64.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ghazaleh Mohammad Abu sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $35.92, for a total transaction of $1,796,000.00. Following the transaction, the chief executive officer owned 4,990,782 shares in the company, valued at $179,268,889.44. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Gianpaolo Renino sold 12,192 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $36.53, for a total value of $445,373.76. Following the transaction, the senior vice president owned 3,197 shares in the company, valued at $116,786.41. This trade represents a 79.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 137,039 shares of company stock worth $5,010,709. Corporate insiders own 30.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Fresh Del Monte Produce from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fresh Del Monte Produce in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Fresh Del Monte Produce currently has an average rating of “Buy”.

Fresh Del Monte Produce Trading Up 0.5%

Fresh Del Monte Produce stock opened at $34.35 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Fresh Del Monte Produce, Inc. has a 12 month low of $26.50 and a 12 month high of $40.75. The stock’s 50 day simple moving average is $35.08 and its two-hundred day simple moving average is $34.36. The firm has a market cap of $1.65 billion, a PE ratio of 11.01 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.95 by $0.28. Fresh Del Monte Produce had a return on equity of 6.84% and a net margin of 3.49%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year.

Fresh Del Monte Produce 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.