Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Sells $97,366.14 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Marissa R. Tenazas sold 2,031 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $47.94, for a total transaction of $97,366.14. Following the sale, the senior vice president now owns 1,219 shares of the company’s stock, valued at $58,438.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Fresh Del Monte Produce, Inc. (FDP) traded up 1.25% on Friday, hitting $48.78. 206,885 shares of the stock were exchanged. The firm has a market capitalization of $2.44 billion, a PE ratio of 15.51 and a beta of 0.42. The company has a 50-day moving average price of $50.47 and a 200-day moving average price of $54.83. Fresh Del Monte Produce, Inc. has a one year low of $46.31 and a one year high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by $0.15. Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The firm had revenue of $1.15 billion during the quarter. During the same period in the previous year, the business posted $1.75 earnings per share. Fresh Del Monte Produce’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 18.93%.

WARNING: This report was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://transcriptdaily.com/2017/08/13/fresh-del-monte-produce-inc-nysefdp-svp-sells-97366-14-in-stock.html.

Separately, Zacks Investment Research cut shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a report on Monday, May 15th.

Several hedge funds and other institutional investors have recently made changes to their positions in FDP. Federated Investors Inc. PA increased its stake in shares of Fresh Del Monte Produce by 0.3% in the second quarter. Federated Investors Inc. PA now owns 13,729 shares of the company’s stock valued at $699,000 after buying an additional 35 shares during the last quarter. Tdam USA Inc. increased its stake in shares of Fresh Del Monte Produce by 0.5% in the first quarter. Tdam USA Inc. now owns 18,841 shares of the company’s stock valued at $1,116,000 after buying an additional 95 shares during the last quarter. Amalgamated Bank increased its stake in shares of Fresh Del Monte Produce by 3.3% in the second quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after buying an additional 133 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Fresh Del Monte Produce by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock valued at $240,000 after buying an additional 161 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Fresh Del Monte Produce by 1.7% in the first quarter. Sei Investments Co. now owns 12,782 shares of the company’s stock valued at $757,000 after buying an additional 219 shares during the last quarter. 66.64% of the stock is owned by institutional investors.

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.

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

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