Fresh Del Monte Produce Inc. (NYSE:FDP) saw unusually-strong trading volume on Monday . Approximately 501,747 shares were traded during mid-day trading, an increase of 103% from the previous session’s volume of 246,655 shares.The stock last traded at $56.36 and had previously closed at $56.85.

Several equities research analysts have recently weighed in on FDP shares. Zacks Investment Research cut shares of Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Wunderlich reissued a “buy” rating and set 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 assumed coverage on shares of Fresh Del Monte Produce in a research report on Thursday, May 12th. They set a “neutral” rating and a $54.00 target price for the company.

The stock has a market capitalization of $2.86 billion and a P/E ratio of 29.43. The company’s 50 day moving average price is $55.09 and its 200-day moving average price is $46.90.

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

In related news, CEO Mohammad Abu-Ghazaleh sold 54,567 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $47.40, for a total value of $2,586,475.80. Following the completion of the transaction, the chief executive officer now owns 5,501,954 shares in the company, valued at $260,792,619.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ghazaleh Amir Abu sold 10,000 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $51.38, for a total transaction of $513,800.00. Following the completion of the transaction, the director now owns 3,371,201 shares of the company’s stock, valued at approximately $173,212,307.38. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its position 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 boosted its position 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. Robeco Institutional Asset Management B.V. acquired a new position in shares of Fresh Del Monte Produce during the fourth quarter worth $1,830,000. California State Teachers Retirement System boosted 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 worth $2,401,000 after buying an additional 1,000 shares during the period. Finally, Morgan Stanley boosted 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 worth $8,746,000 after buying an additional 72,072 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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