Fresh Del Monte Produce (NYSE:FDP) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Fresh Del Monte Produce, Inc. (NYSE:FDP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.05 and traded as high as $40.09. Fresh Del Monte Produce shares last traded at $39.1850, with a volume of 199,008 shares.

Analyst Ratings Changes

FDP has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a report on Monday, December 29th. Wall Street Zen lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fresh Del Monte Produce presently has a consensus rating of “Hold”.

Fresh Del Monte Produce Trading Down 1.0%

The business’s 50-day simple moving average is $37.06 and its two-hundred day simple moving average is $36.05. The company has a current ratio of 2.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.87 billion, a PE ratio of 24.04 and a beta of 0.30.

Insider Transactions at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $38.42, for a total transaction of $1,097,198.36. Following the completion of the sale, the chief executive officer owned 4,962,224 shares in the company, valued at $190,648,646.08. This trade represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Effie D. Silva sold 1,325 shares of Fresh Del Monte Produce stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $36.79, for a total value of $48,746.75. Following the sale, the senior vice president owned 6,052 shares in the company, valued at $222,653.08. This represents a 17.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 30.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Hussman Strategic Advisors Inc. grew its holdings in Fresh Del Monte Produce by 100.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,496,000 after acquiring an additional 21,000 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Fresh Del Monte Produce by 3.9% during the fourth quarter. Horizon Investments LLC now owns 16,459 shares of the company’s stock worth $586,000 after purchasing an additional 625 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Fresh Del Monte Produce by 26.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,450 shares of the company’s stock worth $52,000 after purchasing an additional 300 shares in the last quarter. Outfitters Financial LLC increased its holdings in Fresh Del Monte Produce by 1.5% in the fourth quarter. Outfitters Financial LLC now owns 33,145 shares of the company’s stock valued at $1,181,000 after buying an additional 500 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Fresh Del Monte Produce by 14.2% in the fourth quarter. Teacher Retirement System of Texas now owns 204,388 shares of the company’s stock valued at $7,282,000 after buying an additional 25,347 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.