Citigroup Reduces Stake in Fresh Del Monte Produce

2024-03-22

Citigroup Inc. reduced its stake in Fresh Del Monte Produce by 41.0% during the third quarter, as reported in the company’s most recent filing with the Securities & Exchange Commission. After selling 17,238 shares during the quarter, the fund held 24,757 shares of the company’s stock.

At the end of the most recent quarter, Citigroup Inc.’s holdings in Fresh Del Monte Produce were worth $640,000. Several other hedge funds have also recently traded shares in FDP. Quantbot Technologies LP acquired a new stake in Fresh Del Monte Produce in the 2nd quarter, valued at approximately $32,000. Strs Ohio purchased a new stake in Fresh Del Monte Produce during the 3rd quarter, valued at about $41,000. Federated Hermes Inc. also bought a new stake in Fresh Del Monte Produce during the 3rd quarter, valued at about $42,000. Royal Bank of Canada increased its stake in Fresh Del Monte Produce by 247.3% during the third quarter. After purchasing an additional 1,291 shares in the last quarter, Royal Bank of Canada now owns 1,813 shares of the company’s stock, worth $43,000. Finally, the State of Wyoming acquired a new stake in Fresh Del Monte Produce in the second quarter, valued at about $49,000. Currently, institutional investors own 65.94% of the stock. In a separate note,

TheStreet downgraded shares of Fresh Del Monte Produce from a “b-” rating to a “c” rating on Monday, February 26th.