Fresh Del Monte Produce, Inc. (NYSE:FDP) VP Sergio Mancilla sold 3,642 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.50, for a total value of $180,279.00. Following the completion of the transaction, the vice president now directly owns 1,642 shares in the company, valued at approximately $81,279. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Fresh Del Monte Produce, Inc. (FDP) traded down 1.35% on Tuesday, hitting $48.32. The stock had a trading volume of 295,510 shares. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 15.36 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 1-year low of $46.31 and a 1-year high of $66.86. The company’s 50 day moving average is $50.81 and its 200-day moving average is $55.36.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.55 by $0.15. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The business had revenue of $1.15 billion during the quarter. During the same quarter last year, the company posted $1.75 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts forecast that Fresh Del Monte Produce, Inc. will post $3.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be paid a $0.15 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. Fresh Del Monte Produce’s dividend payout ratio is 18.93%.

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Several hedge funds have recently modified their holdings of FDP. Vanguard Group Inc. boosted its stake in shares of Fresh Del Monte Produce by 7.9% in the first quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock valued at $210,026,000 after buying an additional 259,884 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Fresh Del Monte Produce by 1,147.2% in the first quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock valued at $141,167,000 after buying an additional 2,192,263 shares in the last quarter. LSV Asset Management boosted its stake in shares of Fresh Del Monte Produce by 11.9% in the first quarter. LSV Asset Management now owns 2,117,522 shares of the company’s stock valued at $125,420,000 after buying an additional 224,691 shares in the last quarter. State Street Corp boosted its stake in shares of Fresh Del Monte Produce by 1.7% in the first quarter. State Street Corp now owns 667,104 shares of the company’s stock valued at $39,512,000 after buying an additional 11,392 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Fresh Del Monte Produce by 5.9% in the first quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock valued at $37,279,000 after buying an additional 34,900 shares in the last quarter. 66.64% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 1st.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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