Fresh Del Monte Produce Inc. (NYSE:FDP) Director Ghazaleh Amir Abu sold 20,142 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $62.79, for a total value of $1,264,716.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, November 16th, Ghazaleh Amir Abu sold 27,516 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $63.58, for a total value of $1,749,467.28.
  • On Thursday, August 18th, Ghazaleh Amir Abu sold 6,894 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $59.54, for a total value of $410,468.76.

Shares of Fresh Del Monte Produce Inc. (NYSE:FDP) opened at 64.53 on Friday. The stock has a market cap of $3.34 billion, a PE ratio of 24.00 and a beta of 0.30. The company’s 50-day moving average price is $61.22 and its 200-day moving average price is $56.99. Fresh Del Monte Produce Inc. has a one year low of $36.68 and a one year high of $66.26.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results 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. Fresh Del Monte Produce had a return on equity of 12.62% and a net margin of 3.47%. The firm earned $950.20 million during the quarter, compared to analysts’ expectations of $950.40 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Fresh Del Monte Produce Inc. will post $4.15 earnings per share 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, November 14th. Fresh Del Monte Produce’s dividend payout ratio is currently 22.06%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in Fresh Del Monte Produce by 8.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 17,640 shares of the company’s stock valued at $1,057,000 after buying an additional 1,320 shares in the last quarter. Credit Suisse AG raised its stake in shares of Fresh Del Monte Produce by 5.7% in the third quarter. Credit Suisse AG now owns 39,951 shares of the company’s stock valued at $2,394,000 after buying an additional 2,163 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Fresh Del Monte Produce during the third quarter valued at approximately $1,019,000. Panagora Asset Management Inc. raised its stake in shares of Fresh Del Monte Produce by 143.2% in the third quarter. Panagora Asset Management Inc. now owns 40,842 shares of the company’s stock valued at $2,446,000 after buying an additional 24,047 shares during the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in shares of Fresh Del Monte Produce during the third quarter valued at approximately $7,666,000. Hedge funds and other institutional investors own 64.61% of the company’s stock.

Several research firms have recently weighed in on FDP. Wunderlich increased their price target on Fresh Del Monte Produce from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Zacks Investment Research cut 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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