Fresh Del Monte Produce Inc. (NYSE:FDP) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $55.62 and last traded at $55.62, with a volume of 61,982 shares. The stock had previously closed at $54.63.

Several brokerages have recently issued reports on FDP. Zacks Investment Research upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday. Sidoti started coverage on Fresh Del Monte Produce in a research note on Thursday, May 12th. They issued a “neutral” rating and a $54.00 price objective for the company. Finally, Wunderlich lifted their price target on Fresh Del Monte Produce from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 11th.

The company has a market capitalization of $2.82 billion and a P/E ratio of 28.95. The firm’s 50-day moving average is $53.83 and its 200 day moving average is $45.18.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.73. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.05 billion. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. On average, equities analysts predict that Fresh Del Monte Produce Inc. will post $3.67 EPS for the current year.

In other news, CEO Mohammad Abu-Ghazaleh sold 20,622 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,209.58. Following the completion of the transaction, the chief executive officer now directly owns 5,445,278 shares of the company’s stock, valued at approximately $266,219,641.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ghazaleh Amir Abu sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $51.38, for a total value of $513,800.00. Following the transaction, the director now directly owns 3,371,201 shares of the company’s stock, valued at $173,212,307.38. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have added to or reduced their stakes in FDP. State Board of Administration of Florida Retirement System boosted 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. GSA Capital Partners LLP boosted its stake in shares of 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 during the period. Aviance Capital Partners LLC boosted its stake in shares of 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 during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Fresh Del Monte Produce during the fourth quarter worth about $1,830,000. Finally, California State Teachers Retirement System boosted its stake in shares of 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 during the period.

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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