BlackRock Amends Fresh Del Monte Stake (Amendment No. 7)
Ticker: FDP · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1047340
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Fresh Del Monte, showing a change in its holdings.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership of Fresh Del Monte Produce Inc. common stock as of December 31, 2023. This filing, Amendment No. 7, shows BlackRock's updated passive investment position in the fruit and vegetable producer. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Fresh Del Monte Produce Inc.
Why It Matters
This filing updates BlackRock's passive ownership in Fresh Del Monte Produce Inc., providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor and does not indicate any immediate high-risk event.
Analyst Insight
Investors should note BlackRock's continued, albeit adjusted, passive stake in Fresh Del Monte Produce Inc. and consider if this aligns with their own investment thesis for the company.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Fresh Del Monte Produce Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 7)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are the subject of this filing?
The securities of FRESH DEL MONTE PRODUCE INC are the subject of this filing, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FRESH DEL MONTE PRODUCE INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding FRESH DEL MONTE PRODUCE INC (FDP).