Fresh Del Monte Produce Inc. (NYSE:FDP) Chairman Mohammad Abu-Ghazaleh sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $60.06, for a total value of $600,600.00. Following the completion of the sale, the chairman now directly owns 5,371,318 shares in the company, valued at $322,601,359.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mohammad Abu-Ghazaleh also recently made the following trade(s):

  • On Friday, August 26th, Mohammad Abu-Ghazaleh sold 304 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $59.02, for a total value of $17,942.08.
  • On Thursday, August 25th, Mohammad Abu-Ghazaleh sold 1,586 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $59.02, for a total value of $93,605.72.
  • On Monday, August 15th, Mohammad Abu-Ghazaleh sold 18,036 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $60.15, for a total value of $1,084,865.40.
  • On Friday, August 12th, Mohammad Abu-Ghazaleh sold 10,893 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $60.12, for a total value of $654,887.16.
  • On Thursday, August 11th, Mohammad Abu-Ghazaleh sold 747 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $60.08, for a total value of $44,879.76.
  • On Wednesday, August 10th, Mohammad Abu-Ghazaleh sold 10,972 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $60.06, for a total value of $658,978.32.
  • On Tuesday, August 9th, Mohammad Abu-Ghazaleh sold 800 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $60.59, for a total value of $48,472.00.

Shares of Fresh Del Monte Produce Inc. (NYSE:FDP) traded down 0.73% during trading on Friday, hitting $59.62. 4,758 shares of the stock traded hands. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 23.52 and a beta of 0.38. The firm has a 50-day moving average of $58.94 and a 200-day moving average of $53.01. Fresh Del Monte Produce Inc. has a 1-year low of $36.68 and a 1-year high of $60.85.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.51. The firm earned $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Fresh Del Monte Produce had a net margin of 3.32% and a return on equity of 10.88%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. On average, equities analysts forecast that Fresh Del Monte Produce Inc. will post $4.22 earnings per share for the current year.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 17th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 15th. This is a boost from Fresh Del Monte Produce’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Fresh Del Monte Produce’s dividend payout ratio is 23.26%.

Large investors have recently bought and sold shares of the company. Numeric Investors LLC purchased a new stake in Fresh Del Monte Produce during the second quarter valued at $26,134,000. Acadian Asset Management LLC boosted its stake in Fresh Del Monte Produce by 29.1% in the second quarter. Acadian Asset Management LLC now owns 1,734,930 shares of the company’s stock valued at $94,432,000 after buying an additional 391,242 shares during the period. Teachers Advisors Inc. boosted its stake in Fresh Del Monte Produce by 582.7% in the second quarter. Teachers Advisors Inc. now owns 368,771 shares of the company’s stock valued at $20,072,000 after buying an additional 314,754 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Fresh Del Monte Produce during the second quarter valued at $16,050,000. Finally, Vanguard Group Inc. boosted its stake in Fresh Del Monte Produce by 7.8% in the second quarter. Vanguard Group Inc. now owns 2,867,342 shares of the company’s stock valued at $156,070,000 after buying an additional 206,689 shares during the period. Institutional investors own 63.33% of the company’s stock.

A number of research firms recently weighed in on FDP. Wunderlich lifted their target price on Fresh Del Monte Produce from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a holding company. Through its subsidiaries, the Company is engaged in sourcing, transportation and marketing of fresh and fresh-cut fruit and vegetables together with prepared food products in Europe, Africa and the Middle East. The Company’s operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

5 Day Chart for NYSE:FDP

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