Fresh Del Monte Produce Inc. (NYSE:FDP) Director Ghazaleh Amir Abu sold 15,448 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $65.34, for a total transaction of $1,009,372.32. The sale was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $63.58, for a total transaction of $1,749,467.28.
  • On Monday, November 14th, Ghazaleh Amir Abu sold 20,142 shares of Fresh Del Monte Produce stock. The stock was 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 down 0.61% during mid-day trading on Monday, hitting $65.63. 155,926 shares of the stock were exchanged. Fresh Del Monte Produce Inc. has a 52-week low of $36.68 and a 52-week high of $66.52. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 24.41 and a beta of 0.30. The company has a 50 day moving average price of $61.41 and a 200 day moving average price of $57.14.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $950.20 million during the quarter, compared to the consensus estimate of $950.40 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts anticipate that Fresh Del Monte Produce Inc. will post $4.64 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. Fresh Del Monte Produce’s dividend payout ratio is currently 22.06%.

FDP has been the topic of a number of research reports. Zacks Investment Research lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Wunderlich increased their price objective on shares of 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.

A number of hedge funds and other institutional investors have recently modified their holdings of FDP. 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 in the last quarter. Barclays PLC increased 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 valued at $131,000 after buying an additional 1,972 shares in the last quarter. New York State Teachers Retirement System increased its stake 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 valued at $158,000 after buying an additional 800 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Fresh Del Monte Produce during the second quarter valued at $189,000. Finally, BNP Paribas Arbitrage SA increased its stake 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 valued at $198,000 after buying an additional 1,920 shares in the last quarter. Institutional investors own 64.75% of the company’s stock.

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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