Advisors Preferred LLC Invests $7.46 Million in Fresh Del Monte Produce Inc. (NYSE:FDP)

Advisors Preferred LLC purchased a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 226,565 shares of the company’s stock, valued at approximately $7,459,000. Fresh Del Monte Produce makes up 1.2% of Advisors Preferred LLC’s holdings, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. HHM Wealth Advisors LLC grew its position in shares of Fresh Del Monte Produce by 75.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company’s stock valued at $58,000 after purchasing an additional 750 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Fresh Del Monte Produce during the fourth quarter worth approximately $42,522,000. KBC Group NV boosted its holdings in Fresh Del Monte Produce by 65.0% in the fourth quarter. KBC Group NV now owns 2,550 shares of the company’s stock valued at $85,000 after acquiring an additional 1,005 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Fresh Del Monte Produce by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 60,156 shares of the company’s stock worth $1,998,000 after purchasing an additional 2,466 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Fresh Del Monte Produce in the fourth quarter worth $253,000. 64.83% of the stock is owned by institutional investors and hedge funds.

Fresh Del Monte Produce Stock Down 1.2 %

Shares of NYSE:FDP opened at $30.87 on Friday. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 93.55 and a beta of 0.39. The company has a 50 day moving average of $32.41 and a two-hundred day moving average of $30.50.

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.