Fresh Del Monte Produce Inc. (NYSE:FDP) gapped up before the market opened on Monday . The stock had previously closed at $55.56, but opened at $55.67. Fresh Del Monte Produce shares last traded at $56.21, with a volume of 65,937 shares traded.

FDP has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Wunderlich reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Fresh Del Monte Produce in a research report on Wednesday, May 4th. Finally, Sidoti started coverage on shares of Fresh Del Monte Produce in a research report on Thursday, May 12th. They issued a “neutral” rating and a $54.00 target price for the company.

The firm’s 50-day moving average price is $54.25 and its 200-day moving average price is $45.74. The firm has a market capitalization of $2.86 billion and a price-to-earnings ratio of 29.40.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, May 3rd. The company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.73. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.83 earnings per share. On average, analysts forecast 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 on Monday, May 9th. The shares were sold at an average price of $48.89, for a total value of $1,008,209.58. Following the sale, 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 the SEC website. Also, Director Ghazaleh Amir Abu sold 11,201 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $52.91, for a total transaction of $592,644.91. Following the completion of the sale, the director now directly owns 3,360,000 shares in the company, valued at $177,777,600. The disclosure for this sale can be found here.

Several large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised 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. GSA Capital Partners LLP raised 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. Aviance Capital Partners LLC raised 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. Robeco Institutional Asset Management B.V. purchased a new stake in Fresh Del Monte Produce during the fourth quarter worth approximately $1,830,000. Finally, California State Teachers Retirement System raised 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.

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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