Fresh Del Monte Produce Inc. (NYSE:FDP) Director Ghazaleh Amir Abu sold 27,516 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $63.58, for a total transaction of $1,749,467.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, November 14th, Ghazaleh Amir Abu sold 20,142 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $62.79, for a total transaction of $1,264,716.18.

Fresh Del Monte Produce Inc. (NYSE:FDP) traded up 0.53% on Friday, hitting $64.87. 76,608 shares of the company were exchanged. The stock has a market capitalization of $3.36 billion, a P/E ratio of 24.12 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. The stock’s 50-day moving average price is $61.35 and its 200-day moving average price is $57.04.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, November 1st. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.63. The firm had revenue of $950.20 million for 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 for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. On average, equities research analysts anticipate that Fresh Del Monte Produce Inc. will post $4.15 earnings per share for the current fiscal year.

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

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

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of 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 worth $156,070,000 after buying an additional 206,689 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Fresh Del Monte Produce by 8.6% in the third quarter. Acadian Asset Management LLC now owns 1,884,038 shares of the company’s stock worth $112,851,000 after buying an additional 149,108 shares during the last quarter. LSV Asset Management increased its position in shares of Fresh Del Monte Produce by 30.1% in the third quarter. LSV Asset Management now owns 1,637,035 shares of the company’s stock worth $98,058,000 after buying an additional 378,300 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Fresh Del Monte Produce by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 931,059 shares of the company’s stock worth $55,770,000 after buying an additional 84,132 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Fresh Del Monte Produce by 7.3% in the third quarter. BlackRock Fund Advisors now owns 857,829 shares of the company’s stock worth $51,384,000 after buying an additional 58,210 shares during the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.

A number of brokerages have issued reports on FDP. Wunderlich increased their price objective on shares of Fresh Del Monte Produce from $70.00 to $74.00 and gave the company 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 Wednesday.

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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