Fresh Del Monte Produce, Inc. (NYSE:FDP) CFO Richard Contreras sold 7,320 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $48.84, for a total value of $357,508.80. Following the completion of the sale, the chief financial officer now owns 7,320 shares in the company, valued at approximately $357,508.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Richard Contreras also recently made the following trade(s):

  • On Tuesday, August 1st, Richard Contreras sold 1,796 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $47.60, for a total value of $85,489.60.

Fresh Del Monte Produce, Inc. (FDP) traded down 0.60% during midday trading on Monday, reaching $49.67. The company had a trading volume of 10,433 shares. Fresh Del Monte Produce, Inc. has a 12-month low of $46.31 and a 12-month high of $66.86. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.79 and a beta of 0.42. The stock’s 50 day moving average is $50.81 and its 200 day moving average is $55.36.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by $0.15. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The business had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the company posted $1.75 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Fresh Del Monte Produce, Inc. will post $3.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.60 annualized dividend and a yield of 1.20%. Fresh Del Monte Produce’s dividend payout ratio is currently 18.93%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of FDP. Federated Investors Inc. PA boosted its position in Fresh Del Monte Produce by 0.3% in the second quarter. Federated Investors Inc. PA now owns 13,729 shares of the company’s stock valued at $699,000 after buying an additional 35 shares in the last quarter. Tdam USA Inc. boosted its position in Fresh Del Monte Produce by 0.5% in the first quarter. Tdam USA Inc. now owns 18,841 shares of the company’s stock valued at $1,116,000 after buying an additional 95 shares in the last quarter. Eqis Capital Management Inc. boosted its position in Fresh Del Monte Produce by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock valued at $240,000 after buying an additional 161 shares in the last quarter. Sei Investments Co. boosted its position in Fresh Del Monte Produce by 1.7% in the first quarter. Sei Investments Co. now owns 12,782 shares of the company’s stock valued at $757,000 after buying an additional 219 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Fresh Del Monte Produce by 3.3% in the first quarter. Stifel Financial Corp now owns 8,215 shares of the company’s stock valued at $488,000 after buying an additional 266 shares in the last quarter. 66.64% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 15th.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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