Bailard Inc. bought a new position in shares of Fresh Del Monte Produce Inc (NYSE:FDP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13,400 shares of the company’s stock, valued at approximately $379,000.

A number of other hedge funds have also recently added to or reduced their stakes in FDP. Chartwell Investment Partners LLC acquired a new stake in Fresh Del Monte Produce during the fourth quarter valued at $10,940,000. Capital International Investors acquired a new stake in shares of Fresh Del Monte Produce in the third quarter valued at about $10,167,000. Bessemer Group Inc. grew its position in shares of Fresh Del Monte Produce by 568.6% in the third quarter. Bessemer Group Inc. now owns 211,286 shares of the company’s stock valued at $7,160,000 after purchasing an additional 179,686 shares during the period. Renaissance Technologies LLC grew its position in shares of Fresh Del Monte Produce by 42.6% in the third quarter. Renaissance Technologies LLC now owns 555,600 shares of the company’s stock valued at $18,829,000 after purchasing an additional 165,900 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Fresh Del Monte Produce by 156.7% in the third quarter. Nordea Investment Management AB now owns 161,968 shares of the company’s stock valued at $5,489,000 after purchasing an additional 98,868 shares during the period. Institutional investors own 58.87% of the company’s stock.

Shares of NYSE FDP opened at $34.81 on Thursday. Fresh Del Monte Produce Inc has a 52-week low of $26.81 and a 52-week high of $52.43. The stock has a market capitalization of $1.63 billion, a PE ratio of 42.08 and a beta of 0.72. The company has a current ratio of 1.95, a quick ratio of 0.97 and a debt-to-equity ratio of 0.36.

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Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

Further Reading: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fresh Del Monte Produce Inc (NYSE:FDP).

Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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