Fresh Del Monte Produce Inc. (NYSE:FDP) Director Sells $45,940.80 in Stock

Fresh Del Monte Produce Inc. (NYSE:FDP) Director Mary Ann Cloyd sold 1,689 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $27.20, for a total transaction of $45,940.80. Following the completion of the transaction, the director now owns 22,188 shares in the company, valued at $603,513.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fresh Del Monte Produce Stock Down 0.5 %

FDP opened at $27.02 on Monday. The company has a quick ratio of 1.11, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -52.98 and a beta of 0.44. Fresh Del Monte Produce Inc. has a twelve month low of $21.23 and a twelve month high of $27.96. The company’s 50-day moving average price is $23.17 and its two-hundred day moving average price is $24.10.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.88%. Fresh Del Monte Produce’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, August 15th. Fresh Del Monte Produce’s payout ratio is currently -196.08%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Institutional Trading of Fresh Del Monte Produce

A number of institutional investors have recently modified their holdings of the business. BOKF NA purchased a new stake in shares of Fresh Del Monte Produce during the 2nd quarter valued at approximately $252,000. Jupiter Asset Management Ltd. lifted its stake in shares of Fresh Del Monte Produce by 41.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 43,779 shares of the company’s stock valued at $957,000 after buying an additional 12,790 shares in the last quarter. American Century Companies Inc. increased its holdings in Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after acquiring an additional 156,344 shares during the period. Texas Permanent School Fund Corp increased its holdings in Fresh Del Monte Produce by 8.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 32,070 shares of the company’s stock worth $701,000 after acquiring an additional 2,585 shares during the period. Finally, LSV Asset Management increased its holdings in Fresh Del Monte Produce by 31.4% during the 2nd quarter. LSV Asset Management now owns 370,095 shares of the company’s stock worth $8,087,000 after acquiring an additional 88,498 shares during the period. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.