Share on StockTwits

Fresh Del Monte Produce (NYSE:FDP) Director Michael J. Berthelot unloaded 1,866 shares of Fresh Del Monte Produce stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $30.00, for a total transaction of $55,980.00. Following the transaction, the director now directly owns 10,548 shares of the company’s stock, valued at approximately $316,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Fresh Del Monte Produce (NYSE:FDP) traded up 0.60% during mid-day trading on Wednesday, hitting $30.29. The stock had a trading volume of 264,855 shares. Fresh Del Monte Produce has a 52-week low of $24.00 and a 52-week high of $31.19. The stock’s 50-day moving average is $30.11 and its 200-day moving average is $28.16. The company’s market cap is $1.681 billion.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.20. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $1.02 earnings per share. Fresh Del Monte Produce’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Fresh Del Monte Produce will post $2.43 EPS for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Friday, September 5th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.125 per share. This represents a yield of 1.67%. The ex-dividend date of this dividend is Monday, August 11th.

FDP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Fresh Del Monte Produce from an “outperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $32.60 price target on the stock. 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.

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.