Fresh Del Monte Produce Inc (FDP) Director Ghazaleh Amir Abu Sells 3,987 Shares of Stock

Fresh Del Monte Produce Inc (NYSE:FDP) Director Ghazaleh Amir Abu sold 3,987 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $57.75, for a total value of $230,249.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, March 14th, Ghazaleh Amir Abu sold 4,953 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $57.75, for a total value of $286,035.75.
  • 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.

Fresh Del Monte Produce Inc (NYSE:FDP) traded up 0.43% during trading on Monday, hitting $58.63. The company’s stock had a trading volume of 103,832 shares. The firm has a 50 day moving average of $58.03 and a 200 day moving average of $60.01. The firm has a market cap of $3.01 billion, a P/E ratio of 13.54 and a beta of 0.31. Fresh Del Monte Produce Inc has a 12 month low of $41.56 and a 12 month high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.21. The company had revenue of $954.60 million for the quarter, compared to analysts’ expectations of $954.80 million. Fresh Del Monte Produce had a return on equity of 12.62% and a net margin of 3.47%. Fresh Del Monte Produce’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) EPS. Equities research analysts predict that Fresh Del Monte Produce Inc will post $4.10 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. Fresh Del Monte Produce’s dividend payout ratio is 22.06%.

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

Institutional investors have recently made changes to their positions in the stock. Fortaleza Asset Management Inc. purchased a new position in shares of Fresh Del Monte Produce during the fourth quarter worth $116,000. Pacad Investment Ltd. purchased a new position in shares of Fresh Del Monte Produce during the fourth quarter worth $127,000. Quadrature Capital Ltd purchased a new position in shares of Fresh Del Monte Produce during the third quarter worth $252,000. Meeder Asset Management Inc. purchased a new position in shares of Fresh Del Monte Produce during the third quarter worth $253,000. Finally, Globeflex Capital L P purchased a new position in shares of Fresh Del Monte Produce during the third quarter worth $269,000. 63.80% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:FDP

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