Insider Selling: Fresh Del Monte Produce, Inc. (FDP) SVP Sells 741 Shares of Stock
Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Emanuel Lazopoulos sold 741 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $49.77, for a total transaction of $36,879.57. Following the completion of the transaction, the senior vice president now directly owns 5,767 shares in the company, valued at approximately $287,023.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Emanuel Lazopoulos also recently made the following trade(s):
- On Tuesday, August 1st, Emanuel Lazopoulos sold 2,429 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $47.60, for a total transaction of $115,620.40.
Shares of Fresh Del Monte Produce, Inc. (NYSE FDP) traded down 1.35% during mid-day trading on Tuesday, hitting $48.32. 295,510 shares of the stock traded hands. The company has a market cap of $2.42 billion, a P/E ratio of 15.36 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a one year low of $46.31 and a one year high of $66.86. The stock has a 50 day moving average price of $50.81 and a 200-day moving average price of $55.36.
Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.55 by $0.15. The company 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 business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 earnings per share. On average, analysts forecast that Fresh Del Monte Produce, Inc. will post $3.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 18.93%.
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A number of institutional investors have recently added to or reduced their stakes in FDP. Harbour Capital Advisors LLC acquired a new stake in Fresh Del Monte Produce during the first quarter worth approximately $118,000. MARSHALL WACE ASIA Ltd acquired a new stake in Fresh Del Monte Produce during the first quarter worth approximately $229,000. Marshall Wace North America L.P. acquired a new stake in Fresh Del Monte Produce during the first quarter worth approximately $229,000. Eqis Capital Management Inc. increased its stake 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 worth $240,000 after buying an additional 161 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Fresh Del Monte Produce during the first quarter worth approximately $258,000. 66.64% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research report on Monday, May 1st.
About Fresh Del Monte Produce
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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