Fresh Del Monte Produce, Inc. (NYSE:FDP) insider Youssef Zakharia sold 1,212 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.60, for a total value of $57,691.20. Following the completion of the sale, the insider now owns 3,080 shares of the company’s stock, valued at $146,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fresh Del Monte Produce, Inc. (NYSE FDP) traded up 0.28% during midday trading on Friday, reaching $49.97. The company’s stock had a trading volume of 391,163 shares. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 15.89 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 52-week low of $46.31 and a 52-week high of $66.86. The firm has a 50-day moving average price of $50.81 and a 200 day moving average price of $55.36.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by $0.15. The firm had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.75 earnings per share. Equities research analysts predict that Fresh Del Monte Produce, Inc. will post $3.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, August 14th. Fresh Del Monte Produce’s payout ratio is 18.93%.

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Separately, Zacks Investment Research downgraded Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research report on Monday, May 15th.

Several hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System raised its stake in shares of Fresh Del Monte Produce by 21.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 26,155 shares of the company’s stock worth $1,332,000 after buying an additional 4,694 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Fresh Del Monte Produce by 89.8% in the second quarter. BNP Paribas Arbitrage SA now owns 8,699 shares of the company’s stock worth $443,000 after buying an additional 4,115 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Fresh Del Monte Produce by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 401,155 shares of the company’s stock worth $20,423,000 after buying an additional 29,352 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Fresh Del Monte Produce by 323.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 18,470 shares of the company’s stock worth $927,000 after buying an additional 14,106 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Fresh Del Monte Produce by 26.4% in the second quarter. First Trust Advisors LP now owns 53,776 shares of the company’s stock worth $2,738,000 after buying an additional 11,243 shares in the last quarter. 66.39% of the stock is owned by institutional investors and hedge funds.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

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

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