Fresh Del Monte Produce, Inc. (FDP) VP Hector Rivera Sells 4,452 Shares
Fresh Del Monte Produce, Inc. (NYSE:FDP) VP Hector Rivera sold 4,452 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $49.22, for a total value of $219,127.44. Following the sale, the vice president now owns 4,452 shares in the company, valued at $219,127.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Fresh Del Monte Produce, Inc. (NYSE:FDP) traded down 0.79% during midday trading on Friday, reaching $46.26. The company had a trading volume of 57,791 shares. Fresh Del Monte Produce, Inc. has a one year low of $46.25 and a one year high of $66.86. The company has a market capitalization of $2.32 billion, a PE ratio of 14.71 and a beta of 0.42. The stock’s 50 day moving average is $50.26 and its 200 day moving average is $54.56.
Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data 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 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%. Fresh Del Monte Produce’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.75 earnings per share. Equities research analysts forecast that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current fiscal year.
The company 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 $0.15 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 18.93%.
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Separately, Zacks Investment Research lowered Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research report on Monday, May 15th.
A number of hedge funds and other institutional investors have recently made changes to their positions in FDP. Bank of New York Mellon Corp boosted its position in shares of Fresh Del Monte Produce by 149.0% in the first quarter. Bank of New York Mellon Corp now owns 371,803 shares of the company’s stock worth $22,022,000 after buying an additional 222,513 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Fresh Del Monte Produce during the first quarter worth $258,000. American Century Companies Inc. boosted its stake in Fresh Del Monte Produce by 2.4% in the first quarter. American Century Companies Inc. now owns 169,616 shares of the company’s stock worth $10,046,000 after buying an additional 4,025 shares during the last quarter. First Trust Advisors LP boosted its stake in Fresh Del Monte Produce by 42.1% in the first quarter. First Trust Advisors LP now owns 42,533 shares of the company’s stock worth $2,519,000 after buying an additional 12,609 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Fresh Del Monte Produce by 11.9% in the first quarter. LSV Asset Management now owns 2,117,522 shares of the company’s stock worth $125,420,000 after buying an additional 224,691 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.
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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