Ghazaleh Amir Abu Sells 4,953 Shares of Fresh Del Monte Produce Inc (FDP) Stock

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

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 58.38 on Monday. Fresh Del Monte Produce Inc has a 12 month low of $41.56 and a 12 month high of $66.86. The company has a market cap of $2.99 billion, a P/E ratio of 13.48 and a beta of 0.31. The firm has a 50 day moving average price of $58.03 and a 200-day moving average price of $60.01.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Tuesday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.21. The business had revenue of $954.60 million for 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%. Fresh Del Monte Produce’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Analysts anticipate that Fresh Del Monte Produce Inc will post $4.10 earnings per share for the current fiscal year.

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

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

Your IP Address:

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.

Several hedge funds have recently added to or reduced their stakes in FDP. Vident Investment Advisory LLC increased its stake in Fresh Del Monte Produce by 7.7% in the fourth quarter. Vident Investment Advisory LLC now owns 43,141 shares of the company’s stock worth $2,616,000 after buying an additional 3,074 shares in the last quarter. Norges Bank bought a new stake in Fresh Del Monte Produce during the fourth quarter worth about $31,755,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in Fresh Del Monte Produce during the fourth quarter worth about $303,000. 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 in the last quarter. Finally, Fortaleza Asset Management Inc. bought a new stake in Fresh Del Monte Produce during the fourth quarter worth about $116,000. 63.80% of the stock is currently owned by institutional investors and hedge funds.

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

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/ghazaleh-amir-abu-sells-4953-shares-of-fresh-del-monte-produce-inc-fdp-stock/1708662.html

Receive News & Ratings for Fresh Del Monte Produce Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresh Del Monte Produce Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *