Royal Bank of Canada lifted its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 1,007.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,718 shares of the company’s stock after buying an additional 23,395 shares during the quarter. Royal Bank of Canada owned 0.05% of Fresh Del Monte Produce worth $1,310,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of FDP. Amalgamated Bank boosted its position in Fresh Del Monte Produce by 3.3% during the second quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock worth $213,000 after purchasing an additional 133 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Fresh Del Monte Produce during the first quarter worth $229,000. MARSHALL WACE ASIA Ltd purchased a new stake in Fresh Del Monte Produce during the first quarter worth $229,000. Eqis Capital Management Inc. boosted its position in Fresh Del Monte Produce by 3.5% during the second quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock worth $240,000 after purchasing an additional 161 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in Fresh Del Monte Produce by 6.5% during the second quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock worth $271,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, October 31st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.62). Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The business had revenue of $952.70 million during the quarter. During the same quarter in the prior year, the company posted $1.17 EPS. Fresh Del Monte Produce’s revenue for the quarter was up .3% compared to the same quarter last year.
In other Fresh Del Monte Produce news, VP Mohammed Abbas sold 4,366 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.38, for a total transaction of $206,861.08. Following the completion of the transaction, the vice president now directly owns 4,366 shares of the company’s stock, valued at approximately $206,861.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sergio Mancilla sold 3,642 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.50, for a total value of $180,279.00. Following the transaction, the vice president now directly owns 1,642 shares of the company’s stock, valued at $81,279. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,387 shares of company stock valued at $1,727,205. 36.90% of the stock is currently owned by corporate insiders.
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About Fresh Del Monte Produce
Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
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