Fresh Del Monte Produce, Inc. (FDP) CFO Sells $357,508.80 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) CFO Richard Contreras sold 7,320 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $48.84, for a total transaction of $357,508.80. Following the completion of the sale, the chief financial officer now owns 7,320 shares of the company’s stock, valued at $357,508.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richard Contreras also recently made the following trade(s):

  • On Monday, August 7th, Richard Contreras sold 899 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $49.71, for a total transaction of $44,689.29.
  • On Friday, August 4th, Richard Contreras sold 616 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $49.77, for a total transaction of $30,658.32.
  • On Tuesday, August 1st, Richard Contreras sold 1,796 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $47.60, for a total transaction of $85,489.60.

Shares of Fresh Del Monte Produce, Inc. (FDP) opened at 48.06 on Thursday. The company’s 50-day moving average is $50.53 and its 200 day moving average is $54.95. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.28 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 12 month low of $46.31 and a 12 month high of $66.86.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio is presently 18.93%.

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Institutional investors have recently bought and sold shares of the company. LSV Asset Management raised its position in 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 worth $110,465,000 after buying an additional 52,300 shares in the last quarter. JPMorgan Chase & Co. raised its position in Fresh Del Monte Produce by 51.1% in the second quarter. JPMorgan Chase & Co. now owns 229,566 shares of the company’s stock worth $11,687,000 after buying an additional 77,677 shares in the last quarter. IndexIQ Advisors LLC raised its position in Fresh Del Monte Produce by 680.3% in the second quarter. IndexIQ Advisors LLC now owns 9,168 shares of the company’s stock worth $466,000 after buying an additional 7,993 shares in the last quarter. Airain ltd raised its position in Fresh Del Monte Produce by 26.4% in the second quarter. Airain ltd now owns 9,638 shares of the company’s stock worth $491,000 after buying an additional 2,014 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in 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 worth $699,000 after buying an additional 35 shares in the last quarter. 66.64% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Fresh Del Monte Produce from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th.

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.

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

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