Insider Selling: Fresh Del Monte Produce Inc (FDP) SVP Sells 1,280 Shares of Stock
Fresh Del Monte Produce Inc (NYSE:FDP) SVP Paul Rice sold 1,280 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $49.50, for a total transaction of $63,360.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Paul Rice also recently made the following trade(s):
- On Thursday, August 3rd, Paul Rice sold 6,886 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $49.50, for a total transaction of $340,857.00.
Fresh Del Monte Produce Inc (NYSE FDP) traded down 0.26% during midday trading on Tuesday, reaching $49.09. 176,095 shares of the company traded hands. The firm’s 50 day moving average price is $50.42 and its 200 day moving average price is $54.72. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 15.61 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 announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by $0.15. Fresh Del Monte Produce had a net margin of 6.08% and a return on equity of 15.21%. The firm had revenue of $1.15 billion for the quarter. During the same period in the prior year, the company earned $1.75 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that Fresh Del Monte Produce Inc will post $3.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio is currently 18.93%.
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Institutional investors have recently made changes to their positions in the stock. Dean Capital Management purchased a new position in shares of Fresh Del Monte Produce during the second quarter valued at about $2,111,000. Ameritas Investment Partners Inc. increased its position in shares of Fresh Del Monte Produce by 17.1% in the second quarter. Ameritas Investment Partners Inc. now owns 15,093 shares of the company’s stock valued at $768,000 after buying an additional 2,200 shares in the last quarter. AmericaFirst Quantitative Trust AmericaFirst Defensive Growth & Income Portfolio Series 2 purchased a new position in shares of Fresh Del Monte Produce during the second quarter valued at about $144,000. The Manufacturers Life Insurance Company purchased a new position in shares of Fresh Del Monte Produce during the second quarter valued at about $1,301,000. Finally, State Street Corp increased its position in shares of Fresh Del Monte Produce by 5.5% in the second quarter. State Street Corp now owns 703,883 shares of the company’s stock valued at $35,833,000 after buying an additional 36,779 shares in the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of 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.
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