Insider Selling: Richard Contreras Sells 4,000 Shares of Fresh Del Monte Produce Stock (FDP)
Fresh Del Monte Produce (NYSE:FDP) CFO Richard Contreras sold 4,000 shares of Fresh Del Monte Produce stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $31.47, for a total value of $125,880.00. Following the completion of the sale, the chief financial officer now directly owns 1,185 shares of the company’s stock, valued at approximately $37,292. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Fresh Del Monte Produce (NYSE:FDP) traded up 0.06% during mid-day trading on Monday, hitting $31.29. 110,669 shares of the company’s stock traded hands. Fresh Del Monte Produce has a 52 week low of $24.00 and a 52 week high of $31.81. The stock’s 50-day moving average is $30.37 and its 200-day moving average is $28.35. The company’s market cap is $1.736 billion.
Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data 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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