Fresh Del Monte Produce, Inc. (NYSE:FDP) CFO Richard Contreras sold 616 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.77, for a total value of $30,658.32. Following the completion of the sale, the chief financial officer now owns 1,515 shares of the company’s stock, valued at approximately $75,401.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, August 3rd, Richard Contreras sold 7,320 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $48.84, for a total value of $357,508.80.
  • 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.

Shares of Fresh Del Monte Produce, Inc. (FDP) traded down 1.35% during mid-day trading on Tuesday, hitting $48.32. The stock had a trading volume of 295,510 shares. The firm’s 50-day moving average price is $50.81 and its 200 day moving average price is $55.36. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 15.36 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 12-month low of $46.31 and a 12-month high of $66.86.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be paid 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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Several large investors have recently made changes to their positions in FDP. Harbour Capital Advisors LLC bought a new stake in shares of Fresh Del Monte Produce during the first quarter worth approximately $118,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of Fresh Del Monte Produce during the first quarter worth approximately $229,000. Marshall Wace North America L.P. bought a new stake in shares of Fresh Del Monte Produce during the first quarter worth approximately $229,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Fresh Del Monte Produce during the first quarter worth approximately $258,000. Finally, Eqis Capital Management Inc. boosted its stake in shares of Fresh Del Monte Produce by 24.8% in the first quarter. Eqis Capital Management Inc. now owns 4,558 shares of the company’s stock worth $270,000 after buying an additional 907 shares during the period. 66.64% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a report 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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