Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Bought by Charles Schwab Investment Management Inc.

Fresh Del Monte Produce Inc. (FDP) is a publicly traded company that produces and sells fresh fruits and vegetables worldwide. The company was founded in 1906 by Don Del Monte and has since expanded its operations to include processing and packaging facilities in various countries.

Charles Schwab Investment Management Inc. (CSIM) is a subsidiary of Charles Schwab Corporation, one of the largest investment firms in the United States. CSIM provides investment management services to individuals and institutions, including mutual funds, exchange-traded funds (ETFs), and other investment vehicles.

On March 15, 2023, it was announced that CSIM had purchased approximately 4.7 million shares of FDP stock for $69.8 million. This represents a significant investment in the company and reflects CSIM's confidence in FDP's ability to generate strong returns for its shareholders.

FDP has been performing well in recent years, with revenue growth driven by increasing demand for fresh produce in both domestic and international markets. The company has also made strategic investments in new product development and marketing initiatives to further expand its customer base.

Overall, the purchase of FDP shares by CSIM is a positive sign for the company's future prospects and reflects the growing interest in the fresh produce industry.