Fresh Del Monte Produce Inc. (NYSE:FDP) reached a new 52-week high on Tuesday . The stock traded as high as $57.92 and last traded at $57.58, with a volume of 88,685 shares traded. The stock had previously closed at $57.58.

Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a report on Monday, May 2nd. Wunderlich increased their target price on shares of Fresh Del Monte Produce from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 11th. 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 50 day moving average price of $54.70 and a 200 day moving average price of $46.27. The company has a market cap of $2.91 billion and a price-to-earnings ratio of 29.87.

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

In related news, Director Ghazaleh Amir Abu sold 11,201 shares of Fresh Del Monte Produce stock in a transaction on Thursday, June 2nd. The shares were 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 of the company’s stock, valued at $177,777,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mohammad Abu-Ghazaleh sold 54,567 shares of Fresh Del Monte Produce stock in a transaction on 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 in the company, valued at $260,792,619.60. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of FDP. Morgan Stanley increased its position in shares of Fresh Del Monte Produce by 47.1% in the fourth quarter. Morgan Stanley now owns 224,951 shares of the company’s stock valued at $8,746,000 after buying an additional 72,072 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Fresh Del Monte Produce by 114.5% in the fourth quarter. Nationwide Fund Advisors now owns 77,942 shares of the company’s stock valued at $3,030,000 after buying an additional 41,599 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 increased its position 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 valued at $2,401,000 after buying an additional 1,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Fresh Del Monte Produce during the fourth quarter valued at approximately $1,830,000.

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.