Insider Selling: Fresh Del Monte Produce SVP Sells 14,000 Shares of Stock (FDP)
Fresh Del Monte Produce (NYSE:FDP) SVP Marissa R. Tenazas sold 14,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $30.00, for a total transaction of $420,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
FDP has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Analysts at Zacks upgraded shares of Fresh Del Monte Produce from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $27.20 price target on the stock.
Shares of Fresh Del Monte Produce (NYSE:FDP) traded down 0.13% on Wednesday, hitting $30.04. The stock had a trading volume of 160,421 shares. Fresh Del Monte Produce has a one year low of $24.00 and a one year high of $30.82. The stock has a 50-day moving average of $28.47 and a 200-day moving average of $27.50. The company’s market cap is $1.672 billion.
Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.38. The company had revenue of $982.30 million for the quarter, compared to the consensus estimate of $946.50 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Fresh Del Monte Produce will post $2.18 earnings per share for the current fiscal year.
Fresh Del Monte Produce Inc (NYSE:FDP) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.