Fresh Del Monte Produce Inc. (NYSE:FDP) Chairman Mohammad Abu-Ghazaleh sold 22,698 shares of Fresh Del Monte Produce stock in a transaction on Monday, November 14th. The stock was sold at an average price of $63.12, for a total value of $1,432,697.76. Following the completion of the sale, the chairman now directly owns 5,315,886 shares of the company’s stock, valued at approximately $335,538,724.32. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, November 8th, Mohammad Abu-Ghazaleh sold 7,302 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $63.05, for a total value of $460,391.10.
  • On Thursday, November 3rd, Mohammad Abu-Ghazaleh sold 30,000 shares of Fresh Del Monte Produce stock. The stock was 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 stock was 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 stock was 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.

Fresh Del Monte Produce Inc. (NYSE:FDP) opened at 64.53 on Friday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 24.00 and a beta of 0.30. The stock has a 50 day moving average price of $61.22 and a 200-day moving average price of $56.99. Fresh Del Monte Produce Inc. has a 1-year low of $36.68 and a 1-year high of $66.26.

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

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, November 14th. Fresh Del Monte Produce’s payout ratio is presently 22.06%.

A number of analysts have commented on FDP shares. Zacks Investment Research lowered Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Wunderlich raised their price target on Fresh Del Monte Produce from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd.

Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Fresh Del Monte Produce by 192.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,128 shares of the company’s stock worth $116,000 after buying an additional 1,400 shares during the last quarter. Barclays PLC increased its position 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 during the last quarter. New York State Teachers Retirement System increased 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. Bank of Montreal Can acquired a new position in shares of Fresh Del Monte Produce during the second quarter worth about $189,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Fresh Del Monte Produce by 111.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,641 shares of the company’s stock worth $198,000 after buying an additional 1,920 shares during the last quarter. 64.61% of the stock is currently owned by institutional investors and hedge funds.

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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