Fresh Del Monte Produce (NYSE:FDP) CFO Sells $14,832.50 in Stock

by · The Cerbat Gem

Fresh Del Monte Produce, Inc. (NYSE:FDPGet Free Report) CFO Monica Vicente sold 349 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $42.50, for a total value of $14,832.50. Following the sale, the chief financial officer directly owned 17,349 shares in the company, valued at $737,332.50. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fresh Del Monte Produce Trading Up 0.1%

Shares of NYSE:FDP traded up $0.05 during trading on Wednesday, hitting $42.63. The company had a trading volume of 228,915 shares, compared to its average volume of 239,148. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 22.67 and a beta of 0.28. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.16 and a quick ratio of 1.06. The company has a fifty day simple moving average of $38.57 and a two-hundred day simple moving average of $36.71. Fresh Del Monte Produce, Inc. has a one year low of $29.00 and a one year high of $43.58.

Fresh Del Monte Produce (NYSE:FDPGet Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.42. The company had revenue of $968.20 million for the quarter, compared to analyst estimates of $1.01 billion. Fresh Del Monte Produce had a return on equity of 7.63% and a net margin of 2.10%.Fresh Del Monte Produce’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 4th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, March 4th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 63.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Read Our Latest Report on FDP

Institutional Trading of Fresh Del Monte Produce

Large investors have recently modified their holdings of the company. 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. State of Alaska Department of Revenue raised its position in Fresh Del Monte Produce by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 18,832 shares of the company’s stock valued at $670,000 after purchasing an additional 302 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Fresh Del Monte Produce by 5.2% in the 4th quarter. HighTower Advisors LLC now owns 9,982 shares of the company’s stock worth $356,000 after buying an additional 489 shares during the period. Outfitters Financial LLC grew its position in shares of Fresh Del Monte Produce by 1.5% during the 4th quarter. Outfitters Financial LLC now owns 33,145 shares of the company’s stock worth $1,181,000 after buying an additional 500 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Fresh Del Monte Produce by 0.7% during the 4th quarter. Russell Investments Group Ltd. now owns 71,447 shares of the company’s stock worth $2,546,000 after buying an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Company Profile

(Get Free Report)

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.

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