Fresh Del Monte Produce Inc. (NYSE:FDP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.74 and last traded at $56.52, with a volume of 84,559 shares. The stock had previously closed at $56.22.

FDP has been the subject of a number of research analyst reports. Wunderlich upped their target price on Fresh Del Monte Produce from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 11th. Sidoti initiated coverage on 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. Finally, Zacks Investment Research downgraded Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.

The firm has a 50 day moving average price of $54.49 and a 200-day moving average price of $45.90. The stock has a market capitalization of $2.90 billion and a PE ratio of 29.77.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results 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. During the same period last year, the company earned $0.83 EPS. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.05 billion. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts predict that Fresh Del Monte Produce Inc. will post $3.67 EPS for the current fiscal year.

In related news, Director Ghazaleh Amir Abu sold 11,201 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $52.91, for a total value of $592,644.91. Following the completion of the transaction, the director now owns 3,360,000 shares of the company’s stock, valued at $177,777,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mohammad Abu-Ghazaleh sold 54,567 shares of the stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $47.40, for a total transaction of $2,586,475.80. Following the completion of the transaction, the chief executive officer now directly owns 5,501,954 shares of the company’s stock, 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. 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 valued at $1,144,000 after buying an additional 23,803 shares during the last quarter. 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 valued at $1,040,000 after buying an additional 2,606 shares during the last quarter. PNC Financial Services Group Inc. raised its stake 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 during the last quarter. 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 valued at $2,401,000 after buying an additional 1,000 shares during the last quarter. Finally, 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 valued at $1,296,000 after buying an additional 1,277 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.