Fresh Del Monte Produce Inc. (NYSE:FDP)’s share price traded down 0.8% during mid-day trading on Monday . The company traded as low as $54.37 and last traded at $54.45, with a volume of 56,065 shares traded. The stock had previously closed at $54.89.

A number of equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 2nd. Wunderlich raised their price objective on shares of Fresh Del Monte Produce from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 11th. Finally, Sidoti started coverage on shares of Fresh Del Monte Produce in a research note on Thursday, May 12th. They set a “neutral” rating and a $54.00 price objective on the stock.

The company has a 50 day moving average price of $53.76 and a 200 day moving average price of $45.11. The stock has a market cap of $2.77 billion and a price-to-earnings ratio of 28.45.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Tuesday, May 3rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.73. During the same period in the previous year, the firm earned $0.83 EPS. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.05 billion. The firm’s revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Fresh Del Monte Produce Inc. will post $3.67 earnings per share for the current fiscal year.

In other news, Director Ghazaleh Amir Abu sold 11,201 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $52.91, for a total value of $592,644.91. Following the sale, the director now owns 3,360,000 shares of the company’s stock, valued at approximately $177,777,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mohammad Abu-Ghazaleh sold 54,567 shares of the business’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $47.40, for a total value of $2,586,475.80. Following the completion of the sale, the chief executive officer now directly owns 5,501,954 shares in the company, valued at approximately $260,792,619.60. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Fresh Del Monte Produce by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 61,762 shares of the company’s stock worth $2,401,000 after buying an additional 1,000 shares in the last quarter. Aviance Capital Partners LLC increased its stake in Fresh Del Monte Produce by 4.0% in the fourth quarter. Aviance Capital Partners LLC now owns 33,336 shares of the company’s stock worth $1,296,000 after buying an additional 1,277 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Fresh Del Monte Produce by 10.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 26,744 shares of the company’s stock worth $1,040,000 after buying an additional 2,606 shares in the last quarter. Russell Frank Co increased its stake in Fresh Del Monte Produce by 2.4% in the fourth quarter. Russell Frank Co now owns 272,405 shares of the company’s stock worth $10,735,000 after buying an additional 6,359 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in Fresh Del Monte Produce by 423.8% in the fourth quarter. GSA Capital Partners LLP now owns 29,420 shares of the company’s stock worth $1,144,000 after buying an additional 23,803 shares in the last quarter.

Fresh Del Monte Produce Inc is a holding company. Through its subsidiaries, the Company is engaged in sourcing, transportation and marketing of fresh and fresh-cut fruit and vegetables together with prepared food products in Europe, Africa and the Middle East. The Company’s operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

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