Fresh Del Monte Produce Inc. (NYSE:FDP) saw unusually-high trading volume on Tuesday . Approximately 397,223 shares changed hands during trading, an increase of 34% from the previous session’s volume of 296,147 shares.The stock last traded at $54.62 and had previously closed at $54.48.

FDP has been the topic of several analyst reports. Wunderlich lifted their price objective on Fresh Del Monte Produce from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 11th. Zacks Investment Research upgraded Fresh Del Monte Produce from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a report on Monday, March 21st. Finally, Sidoti initiated coverage on Fresh Del Monte Produce in a report on Thursday, May 12th. They issued a “neutral” rating and a $54.00 price target for the company.

The stock has a market capitalization of $2.78 billion and a price-to-earnings ratio of 28.53. The firm’s 50 day moving average price is $53.83 and its 200 day moving average price is $45.18.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.73. During the same quarter in the previous year, the business posted $0.83 earnings per share. The firm earned $1.02 billion during the quarter, compared to the consensus estimate of $1.05 billion. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts predict 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 firm’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 transaction, the director now directly owns 3,360,000 shares in the company, valued at approximately $177,777,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mohammad Abu-Ghazaleh sold 20,622 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $48.89, for a total value of $1,008,209.58. Following the completion of the transaction, the chief executive officer now owns 5,445,278 shares in the company, valued at $266,219,641.42. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of FDP. GSA Capital Partners LLP raised its position 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 valued at $1,144,000 after buying an additional 23,803 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position 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 valued at $1,040,000 after buying an additional 2,606 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Fresh Del Monte Produce by 202.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 62,573 shares of the company’s stock valued at $2,433,000 after buying an additional 41,879 shares in the last quarter. California State Teachers Retirement System raised its position 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 valued at $2,401,000 after buying an additional 1,000 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position 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 valued at $1,296,000 after buying an additional 1,277 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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