Insider Selling: Hani El-Naffy Sells 20,070 Shares of Fresh Del Monte Produce Stock (FDP)
Fresh Del Monte Produce (NYSE:FDP) COO Hani El-Naffy sold 20,070 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $31.45, for a total transaction of $631,201.50. Following the transaction, the chief operating officer now directly owns 5,932 shares in the company, valued at approximately $186,561. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Fresh Del Monte Produce (NYSE:FDP) traded up 0.63% on Tuesday, hitting $32.14. 206,275 shares of the company’s stock traded hands. Fresh Del Monte Produce has a 1-year low of $24.00 and a 1-year high of $32.00. The stock’s 50-day moving average is $30.61 and its 200-day moving average is $28.71. The company’s market cap is $1.783 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 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.
Fresh Del Monte Produce Inc (NYSE:FDP) is a holding company.
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