In a study made available on Thursday, the experts at StockNews.com provided their initial coverage of Fresh Del Monte Produce.
The company recommended to its shareholders that they “keep” the stock in their investment collections.
Thursday was the first day of trading for FDP, and the opening price was $30.25.
The company’s simple moving average over the past 50 days is $28.85, while its simple moving average over the past 200 days is $27.07.
The debt-to-equity ratio comes in at 0.28, the quick ratio at 0.94, the current ratio at 2.05, and the quick ratio at 0.94.
The stock has a P/E ratio of 14.76, giving it a market worth of 1.45 billion dollars, and its beta value is 0.67. Over the past 52 weeks, the price of Fresh Del Monte Produce has fluctuated between a low of $22.63 and a high of $32.49 at various points.
On February 22, the most recent quarterly earnings report for Fresh Del Monte Produce (NYSE: FDP) was made public.
Most market analysts forecasted that the company would earn $0.35 per share during the period under review, but the actual earnings of $0.45 per share were $0.50 higher. Fresh Del Monte Produce had a return on equity of 4.97%, and a 2.22% net margin of Produce (NYSE: FDP) was made public.
Most market analysts forecasted that the company would earn $0.35 per share during the period under review, but the actual earnings of $0.45 per share were $0.50 higher. Fresh Del Monte Produce had a return on equity of 4.97% and a 2.22% net margin.
Both of these figures are percentages.
The company’s revenue for the quarter came in at $1.04 billion, significantly higher than the average prediction of $1.03 billion made by financial analysts.
During the same quarter the previous year, the company lost $0.18 per share. Compared to the same period the previous year, the quarterly revenue showed a 2.2% increase.
On the morning of Monday, March 13, Sergio Mancilla, the vice president of the company, sold 1,485 shares of the company’s stock.
The shares were sold on the open market for $44,847.00, which works out to a price of $30.20 per share for each purchased one.
The current value of the vice president’s holdings in the company’s stock is approximately $2,053.60, and he currently possesses 68 shares of the company’s stock. On the website of the Securities and Exchange Commission, one can have access to the legal file that contains the disclosure of the transaction.
In addition, Senior Vice President Hans Sauter reportedly sold 1,499 shares of the company’s stock on March 9, as Fresh Del Monte Produce reported.
The stock was sold for $46,109.24, an average price of $30.76 per share.
The information provided to the Securities and Exchange Commission regarding the transaction was included in a filing, which can be found on this page.
In addition, on March 13, the company’s Vice President, Sergio Mancilla, sold 1,485 shares of the company’s stock.
It was determined that the price of $30.20 per share was the average price paid for the shares, which resulted in a total of $44,847.00 being acquired from the sale of the shares.
The current value of the vice president’s holdings in the company’s stock is approximately $2,053.60, and he currently possesses 68 shares of the company’s stock.
The disclosure about the purchase can be found in this particular location. Over the past three months, company insiders sold 3,677 shares of company stock, resulting in a total profit of $112,788 for the insiders. Company insiders currently hold 36.96% of the company’s shares.
Several hedge funds altered their stock holdings to reflect the recent market activity.
In the final three months of 2018, Truist Finance Corporation increased its shareholding in Fresh Del Monte Produce by making an additional investment of approximately $509,000.
This was done to maintain its current level of ownership.
In the last three months of the year, the Treasury Department of the State of Tennessee saw a 54.2% increase in the amount of Fresh Del Monte Produce it had available for purchase. Following the acquisition of an additional 9,494 shares during the relevant period, the Treasury Department of the State of Tennessee now holds 27,002 shares of the company.
The total value of these shares is $707.00.
During the fourth quarter, Squarepoint Ops LLC increased the percentage of Fresh Del Monte Produce stock owned by 332.3 percent. Squarepoint Operations LLC now holds 52,063 shares of the company’s stock, following the acquisition of 40,020 shares during the most recent quarter.
The value of Squarepoint Operations LLC’s entire stock holdings, which now total $1,364,000, can be broken down as follows: During the final three months of 2018, Norges Bank provided Fresh Del Monte Produce with an investment of $7,325,000 through their capital contribution program.
Last but certainly not least, during the fourth quarter of 2018, AQR Capital Management LLC increased the proportion of Fresh Del Monte Produce stock held by 41.4%.
AQR Capital Management LLC now holds 128,571 shares, valued at $3,367,000, following acquiring an additional 37,646 shares during the most recent quarter.
Institutional investors currently own 64.82 percent of the company’s stock and control it.
Produce is made and sold by Fresh Del Monte Produce, INC, which is also the company’s name.
In addition to being in the banana business, it is also active in the industries of fresh products and products with value additions.
The department in charge of producing bananas is called the Bananas Department.
Included in the Fresh and Value-Added Products segment are the sales of avocados, pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis), other fruit and vegetables, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, prepared meals, and snacks.