Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Bruce Alan Jordan sold 3,457 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $49.42, for a total value of $170,844.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Fresh Del Monte Produce, Inc. (NYSE:FDP) traded up 1.25% during trading on Friday, reaching $48.78. The company’s stock had a trading volume of 206,885 shares. The firm has a market capitalization of $2.44 billion, a P/E ratio of 15.51 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 52 week low of $46.31 and a 52 week high of $66.86. The firm has a 50-day moving average price of $50.47 and a 200-day moving average price of $54.83.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. During the same quarter in the prior year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current fiscal year.

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

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A number of hedge funds have recently made changes to their positions in FDP. Vanguard Group Inc. increased its stake in shares of Fresh Del Monte Produce by 7.9% in the first quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock valued at $210,026,000 after buying an additional 259,884 shares during the period. BlackRock Inc. increased its stake in shares of Fresh Del Monte Produce by 1,147.2% in the first quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock valued at $141,167,000 after buying an additional 2,192,263 shares during the period. LSV Asset Management increased its stake in shares of Fresh Del Monte Produce by 2.5% in the second quarter. LSV Asset Management now owns 2,169,822 shares of the company’s stock valued at $110,465,000 after buying an additional 52,300 shares during the period. Northern Trust Corp increased its stake in shares of Fresh Del Monte Produce by 11.7% in the second quarter. Northern Trust Corp now owns 868,327 shares of the company’s stock valued at $44,206,000 after buying an additional 90,867 shares during the period. Finally, State Street Corp increased its stake in shares of Fresh Del Monte Produce by 1.7% in the first quarter. State Street Corp now owns 667,104 shares of the company’s stock valued at $39,512,000 after buying an additional 11,392 shares during the period. 66.64% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research report on Monday, May 1st.

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)

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