Insider Selling: Fresh Del Monte Produce VP Unloads 408 Shares of Stock (FDP)
Fresh Del Monte Produce (NYSE:FDP) VP Joseph W. Cole unloaded 408 shares of Fresh Del Monte Produce stock on the open market in a transaction dated Monday, August 4th. The shares were sold at an average price of $29.78, for a total transaction of $12,150.24. Following the completion of the sale, the vice president now directly owns 592 shares in the company, valued at approximately $17,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FDP. 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.
Shares of Fresh Del Monte Produce (NYSE:FDP) traded up 0.60% on Wednesday, hitting $30.29. 264,855 shares of the company’s stock traded hands. Fresh Del Monte Produce has a one year low of $24.00 and a one year 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 announced its 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. On average, analysts predict that Fresh Del Monte Produce will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, September 5th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.125 per share. This represents a dividend yield of 1.67%. The ex-dividend date is Monday, August 11th.
Fresh Del Monte Produce Inc (NYSE:FDP) is a holding company.
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