June 21 2019

first_imgJune 21 , 2019 Fresh Del Monte Produce Inc saw huge growth in short interest during May, with shares up 31.2% from the previous month, says Riverton Roll.As of May 31st, there was short interest totaling 781,500 shares, compared with the April 30th total of 595,700 shares.Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 242,000 shares, the short-interest ratio is currently 3.2 days.In related news, Director Michael J. Berthelot sold 2,207 shares of the firm’s stock in a transaction on Friday, May 17.The stock was sold at an average price of US$29.37, for a total value of US$64,819.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, and is accessible through the SEC website.Company insiders own 37.60% of the company’s stock.Institutional investors and hedge funds changing positions in Fresh Del MonteA number of institutional investors and hedge funds have raised their stakes in the company recently.To start, Morgan Stanley raised its stake in Fresh Del Monte Produce by 31.0% in the third quarter. Morgan Stanley now owns 137,051 shares of the company’s stock valued at US$4,644,000 after purchasing an additional 32,466 shares in the last quarter.Xact Kapitalforvaltning AB raised its stake in Fresh Del Monte Produce by 13.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 7,637 shares of the company’s stock valued at US$216,000 after purchasing an additional 900 shares in the last quarter. U.S. sweet potatoes target greater U.K. consumptio … You might also be interested in Mexico: Taco lovers cry foul over restaurants’ gua … center_img Meanwhile, Advisors Asset Management Inc. raised its stake in Fresh Del Monte Produce by 3.6% in the fourth quarter. Advisors Asset Management Inc. now owns 11,739 shares of the company’s stock valued at US$332,000 after purchasing an additional 407 shares in the last quarter.Additionally,  Rhumbline Advisers raised its stake in Fresh Del Monte Produce by 40.4% in the fourth quarter. Rhumbline Advisers now owns 47,578 shares of the company’s stock valued at US$1,345,000 after purchasing an additional 13,689 shares in the last quarter.Finally, Dupont Capital Management Corp acquired a new position in Fresh Del Monte Produce in the fourth quarter valued at about $370,000. 60.22% of the stock is currently owned by institutional investors.FDP market capitalizationShares of FDP stock opened at US$27.71 on Thursday. The firm has a market capitalization of US$1.37 billion, a P/E ratio of 561.80 and a beta of 0.82. The company has a quick ratio of 0.99, a current ratio of 1.92 and a debt-to-equity ratio of 0.40.Fresh Del Monte Produce has a 1 year low of US$24.15 and a 1 year high of US$45.30.Moreover, the company last announced its quarterly earnings results on Tuesday, April 30th.The company reported US$0.48 earnings per share for the quarter, topping the consensus estimate of US$0.39 by $0.09.The company had revenue of US$1.15 billion for the quarter.Fresh Del Monte Produce had a positive return on equity of 0.10% and a negative net margin of 0.60%.Its revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted US$0.88 earnings per share. Trump moves to scrap trade privilege for India … Argentina to send increased blueberry volumes in s … last_img

Leave a Reply

Your email address will not be published. Required fields are marked *