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

A number of research firms recently weighed in on FDP. Wunderlich reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Fresh Del Monte Produce in a research report on Wednesday, May 4th. Zacks Investment Research raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday. Finally, Sidoti started coverage on shares of Fresh Del Monte Produce in a report on Thursday, May 12th. They set a “neutral” rating and a $54.00 price objective on the stock.

The company has a market capitalization of $2.81 billion and a price-to-earnings ratio of 28.91. The company has a 50 day moving average of $54.00 and a 200-day moving average of $45.33.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.73. During the same quarter in the prior year, the business earned $0.83 EPS. The company earned $1.02 billion during the quarter, compared to analysts’ expectations of $1.05 billion. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts predict that Fresh Del Monte Produce Inc. will post $3.67 EPS for the current fiscal year.

In other news, CEO Mohammad Abu-Ghazaleh sold 20,622 shares of Fresh Del Monte Produce stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,209.58. Following the completion of the sale, the chief executive officer now directly owns 5,445,278 shares in the company, valued at $266,219,641.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ghazaleh Amir Abu sold 11,201 shares of Fresh Del Monte Produce stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $52.91, for a total transaction of $592,644.91. Following the sale, the director now owns 3,360,000 shares of the company’s stock, valued at $177,777,600. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of 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 during the period. GSA Capital Partners LLP increased 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 increased 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 approximately $1,830,000. Finally, California State Teachers Retirement System increased 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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