Fresh Del Monte Produce Inc (NYSE:FDP) Director Ghazaleh Amir Abu sold 4,953 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $57.75, for a total value of $286,035.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ghazaleh Amir Abu also recently made the following trade(s):

  • On Wednesday, March 15th, Ghazaleh Amir Abu sold 3,987 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $57.75, for a total value of $230,249.25.
  • On Monday, March 13th, Ghazaleh Amir Abu sold 9,960 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $57.65, for a total value of $574,194.00.
  • On Friday, March 10th, Ghazaleh Amir Abu sold 10,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $57.65, for a total value of $576,500.00.
  • On Thursday, March 9th, Ghazaleh Amir Abu sold 1,100 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $57.72, for a total value of $63,492.00.

Shares of Fresh Del Monte Produce Inc (NYSE:FDP) opened at 58.79 on Tuesday. Fresh Del Monte Produce Inc has a 12 month low of $41.56 and a 12 month high of $66.86. The stock has a 50 day moving average price of $58.03 and a 200-day moving average price of $60.01. The stock has a market cap of $3.01 billion, a P/E ratio of 13.58 and a beta of 0.31.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.21. The business earned $954.60 million during the quarter, compared to the consensus estimate of $954.80 million. Fresh Del Monte Produce had a return on equity of 12.62% and a net margin of 3.47%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. On average, analysts forecast that Fresh Del Monte Produce Inc will post $4.10 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 8th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Fresh Del Monte Produce’s dividend payout ratio is presently 22.06%.

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Separately, Zacks Investment Research downgraded Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 10th.

A number of large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in Fresh Del Monte Produce by 8.6% in the third quarter. Acadian Asset Management LLC now owns 1,884,038 shares of the company’s stock worth $112,851,000 after buying an additional 149,108 shares during the period. LSV Asset Management increased its stake in Fresh Del Monte Produce by 30.1% in the third quarter. LSV Asset Management now owns 1,637,035 shares of the company’s stock worth $98,058,000 after buying an additional 378,300 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Fresh Del Monte Produce by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 931,059 shares of the company’s stock worth $55,770,000 after buying an additional 84,132 shares during the period. BlackRock Fund Advisors increased its stake in Fresh Del Monte Produce by 7.3% in the third quarter. BlackRock Fund Advisors now owns 857,829 shares of the company’s stock worth $51,384,000 after buying an additional 58,210 shares during the period. Finally, Numeric Investors LLC increased its stake in Fresh Del Monte Produce by 17.9% in the fourth quarter. Numeric Investors LLC now owns 814,962 shares of the company’s stock worth $49,411,000 after buying an additional 123,924 shares during the period. Hedge funds and other institutional investors own 63.80% of the company’s stock.

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.

5 Day Chart for NYSE:FDP

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