Insider Selling: Fresh Del Monte Produce, Inc. (FDP) CFO Sells 7,320 Shares of Stock
Fresh Del Monte Produce, Inc. (NYSE:FDP) CFO Richard Contreras sold 7,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $48.84, for a total transaction of $357,508.80. Following the transaction, the chief financial officer now directly owns 7,320 shares of the company’s stock, valued at $357,508.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Richard Contreras also recently made the following trade(s):
- On Monday, August 7th, Richard Contreras sold 899 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $49.71, for a total transaction of $44,689.29.
- On Friday, August 4th, Richard Contreras sold 616 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $49.77, for a total value of $30,658.32.
- On Tuesday, August 1st, Richard Contreras sold 1,796 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $47.60, for a total value of $85,489.60.
Shares of Fresh Del Monte Produce, Inc. (NYSE FDP) traded down 0.15% during trading on Friday, reaching $46.56. The company’s stock had a trading volume of 436,871 shares. Fresh Del Monte Produce, Inc. has a 52-week low of $46.09 and a 52-week high of $66.86. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 14.80 and a beta of 0.42. The stock’s 50 day moving average price is $50.16 and its 200-day moving average price is $54.49.
Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results 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 company 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%. Fresh Del Monte Produce’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 EPS. Equities analysts anticipate that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, August 14th. Fresh Del Monte Produce’s payout ratio is presently 18.93%.
Separately, Zacks Investment Research downgraded Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 1st.
Several hedge funds have recently added to or reduced their stakes in FDP. Harbour Capital Advisors LLC purchased a new stake in Fresh Del Monte Produce during the first quarter valued at approximately $118,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Fresh Del Monte Produce during the first quarter worth about $229,000. Marshall Wace North America L.P. purchased a new stake in shares of Fresh Del Monte Produce during the first quarter worth about $229,000. Amalgamated Bank raised its stake in shares of Fresh Del Monte Produce by 3.3% in the second quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock worth $213,000 after buying an additional 133 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Fresh Del Monte Produce during the first quarter worth about $258,000. 67.41% of the stock is currently owned by hedge funds and other institutional investors.
About Fresh Del Monte Produce
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.
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