Fresh Del Monte Produce Inc. (NYSE:fdp) declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Wednesday, November 16th will be given a dividend of 0.15 per share on Friday, December 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, November 14th.

Fresh Del Monte Produce (NYSE:FDP) opened at 62.82 on Friday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 23.36 and a beta of 0.30. The stock has a 50 day moving average price of $60.92 and a 200-day moving average price of $56.46. Fresh Del Monte Produce has a 12-month low of $36.68 and a 12-month high of $66.26.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Tuesday, November 1st. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.63. Fresh Del Monte Produce had a net margin of 3.47% and a return on equity of 12.62%. The firm earned $950.20 million during the quarter, compared to analyst estimates of $950.40 million. During the same period last year, the business earned $0.57 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Fresh Del Monte Produce will post $4.15 EPS for the current fiscal year.

Dividend History for Fresh Del Monte Produce (NYSE:fdp)

In other Fresh Del Monte Produce news, VP Hector Rivera sold 6,426 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $59.46, for a total transaction of $382,089.96. Following the completion of the sale, the vice president now directly owns 4,426 shares in the company, valued at approximately $263,169.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Mohammad Abu-Ghazaleh sold 18,036 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $60.15, for a total transaction of $1,084,865.40. Following the sale, the chairman now owns 5,383,208 shares of the company’s stock, valued at $323,799,961.20. The disclosure for this sale can be found here. 37.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Fresh Del Monte Produce by 1.8% in the third quarter. Principal Financial Group Inc. now owns 7,292 shares of the company’s stock worth $437,000 after buying an additional 127 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Fresh Del Monte Produce by 8.9% in the second quarter. Cubist Systematic Strategies LLC now owns 5,186 shares of the company’s stock worth $282,000 after buying an additional 426 shares in the last quarter. Barclays PLC raised its stake in shares of Fresh Del Monte Produce by 450.2% in the second quarter. Barclays PLC now owns 2,410 shares of the company’s stock worth $131,000 after buying an additional 1,972 shares in the last quarter. KCG Holdings Inc. raised its stake in shares of Fresh Del Monte Produce by 28.9% in the second quarter. KCG Holdings Inc. now owns 9,019 shares of the company’s stock worth $491,000 after buying an additional 2,021 shares in the last quarter. Finally, TFS Capital LLC raised its stake in shares of Fresh Del Monte Produce by 11.1% in the second quarter. TFS Capital LLC now owns 35,008 shares of the company’s stock worth $1,905,000 after buying an additional 3,484 shares in the last quarter. Institutional investors and hedge funds own 63.36% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Wunderlich boosted their price objective on shares of Fresh Del Monte Produce from $70.00 to $74.00 and gave the stock a “buy” rating in a 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 report on Tuesday, October 11th.

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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