Insider Selling: Joseph W. Cole Sells 408 Shares of Fresh Del Monte Produce Stock (FDP)
Fresh Del Monte Produce (NYSE:FDP) VP Joseph W. Cole sold 408 shares of the company’s stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $29.78, for a total transaction of $12,150.24. Following the transaction, the vice president now directly owns 592 shares in the company, valued at approximately $17,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, 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 0.94% on Friday, hitting $31.08. The stock had a trading volume of 57,498 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 $30.14 and its 200-day moving average is $28.18. The company’s market cap is $1.725 billion.
Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Tuesday, July 29th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. 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. Stockholders 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.
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.