Short Interest in Fresh Del Monte Produce Inc. (NYSE:FDP) Increases By 152.1%

Fresh Del Monte Produce Inc. (NYSE:FDP) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 647,500 shares, an increase of 152.1% from the December 31st total of 256,800 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 288,200 shares, the days-to-cover ratio is presently 2.2 days.

Fresh Del Monte Produce Price Performance

Shares of NYSE FDP traded down $0.11 during midday trading on Wednesday, reaching $31.43. 155,985 shares of the stock traded hands, compared to its average volume of 239,555. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. Fresh Del Monte Produce has a one year low of $21.23 and a one year high of $35.27. The company’s 50 day moving average is $32.86 and its 200 day moving average is $30.16. The stock has a market capitalization of $1.51 billion, a PE ratio of 95.25 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. During the same period last year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year.

Institutional Investors Weigh In On Fresh Del Monte Produce

Several institutional investors have recently bought and sold shares of FDP. Carolina Wealth Advisors LLC boosted its position in Fresh Del Monte Produce by 2.6% in the 4th quarter. Carolina Wealth Advisors LLC now owns 19,403 shares of the company’s stock valued at $644,000 after buying an additional 486 shares during the period. SG Americas Securities LLC grew its stake in shares of Fresh Del Monte Produce by 3.4% in the 3rd quarter. SG Americas Securities LLC now owns 17,357 shares of the company’s stock valued at $513,000 after purchasing an additional 576 shares during the last quarter. Hsbc Holdings PLC increased its stake in Fresh Del Monte Produce by 2.2% in the 2nd quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock valued at $596,000 after buying an additional 594 shares during the period. HHM Wealth Advisors LLC raised its holdings in Fresh Del Monte Produce by 75.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company’s stock worth $58,000 after purchasing an additional 750 shares in the last quarter. Finally, KBC Group NV grew its holdings in Fresh Del Monte Produce by 65.0% during the fourth quarter. KBC Group NV now owns 2,550 shares of the company’s stock worth $85,000 after acquiring an additional 1,005 shares during the period. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Company 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.