Fresh Del Monte Produce, Inc. (FDP) Insider Sells $27,622.35 in Stock
Fresh Del Monte Produce, Inc. (NYSE:FDP) insider Youssef Zakharia sold 555 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $49.77, for a total transaction of $27,622.35. Following the sale, the insider now directly owns 3,383 shares in the company, valued at approximately $168,371.91. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Youssef Zakharia also recently made the following trade(s):
- On Tuesday, August 1st, Youssef Zakharia sold 1,212 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $47.60, for a total transaction of $57,691.20.
Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) traded down 1.35% during mid-day trading on Tuesday, reaching $48.32. 295,510 shares of the company’s stock traded hands. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 15.36 and a beta of 0.42. The firm’s 50-day moving average is $50.81 and its 200 day moving average is $55.36. Fresh Del Monte Produce, Inc. has a one year low of $46.31 and a one year high of $66.86.
Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by $0.15. The business had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS. Analysts predict that Fresh Del Monte Produce, Inc. will post $3.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 18.93%.
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Separately, Zacks Investment Research cut shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 15th.
Institutional investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC bought a new position in Fresh Del Monte Produce during the first quarter valued at $118,000. MARSHALL WACE ASIA Ltd bought a new position in Fresh Del Monte Produce during the first quarter valued at $229,000. Marshall Wace North America L.P. bought a new position in Fresh Del Monte Produce during the first quarter valued at $229,000. 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Fresh Del Monte Produce during the first quarter valued at $258,000. Hedge funds and other institutional investors own 66.64% of the company’s stock.
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.
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