Fresh Del Monte Produce Inc. (NYSE:FDP) Chairman Mohammad Abu-Ghazaleh sold 7,302 shares of Fresh Del Monte Produce stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $63.05, for a total value of $460,391.10. Following the sale, the chairman now directly owns 5,330,418 shares in the company, valued at approximately $336,082,854.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, November 3rd, Mohammad Abu-Ghazaleh sold 30,000 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $62.02, for a total value of $1,860,600.00.
  • On Tuesday, November 1st, Mohammad Abu-Ghazaleh sold 10,000 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $63.05, for a total value of $630,500.00.
  • On Monday, October 3rd, Mohammad Abu-Ghazaleh sold 10,000 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $60.06, for a total value of $600,600.00.
  • On Friday, August 26th, Mohammad Abu-Ghazaleh sold 304 shares of Fresh Del Monte Produce stock. The stock was 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 stock was 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 stock was 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 stock was 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.

Fresh Del Monte Produce Inc. (NYSE:FDP) traded down 1.861% on Thursday, reaching $60.385. 20,528 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $60.76 and its 200 day moving average price is $56.28. The firm has a market capitalization of $3.13 billion, a PE ratio of 22.456 and a beta of 0.30. Fresh Del Monte Produce Inc. has a 52-week low of $36.68 and a 52-week high of $66.26.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.63. The firm had revenue of $950.20 million for the quarter, compared to analysts’ expectations of $950.40 million. Fresh Del Monte Produce had a net margin of 3.47% and a return on equity of 12.62%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.60 annualized dividend and a yield of 0.98%. Fresh Del Monte Produce’s dividend payout ratio is 22.06%.

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of Fresh Del Monte Produce by 736.8% in the second quarter. American Century Companies Inc. now owns 158,368 shares of the company’s stock valued at $8,620,000 after buying an additional 139,442 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Fresh Del Monte Produce during the second quarter worth about $189,000. Daiwa Securities Group Inc. bought a new position in shares of Fresh Del Monte Produce during the second quarter worth about $626,000. New York State Teachers Retirement System raised its position in shares of Fresh Del Monte Produce by 38.1% in the second quarter. New York State Teachers Retirement System now owns 2,900 shares of the company’s stock worth $158,000 after buying an additional 800 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new position in shares of Fresh Del Monte Produce during the second quarter worth about $1,099,000. 63.36% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on FDP. Wunderlich lifted their price target on shares of Fresh Del Monte Produce from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Zacks Investment Research lowered shares of Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 11th.

Fresh Del Monte Produce Company Profile

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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