Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Marissa R. Tenazas sold 2,031 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $47.94, for a total transaction of $97,366.14. Following the completion of the transaction, the senior vice president now directly owns 1,219 shares of the company’s stock, valued at approximately $58,438.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) traded down 0.29% on Thursday, hitting $47.92. 110,903 shares of the company were exchanged. The stock has a market capitalization of $2.40 billion, a PE ratio of 15.24 and a beta of 0.42. The firm’s 50-day moving average is $50.53 and its 200-day moving average is $54.95. Fresh Del Monte Produce, Inc. has a 52-week low of $46.31 and a 52-week high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results 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 net margin of 3.99% and a return on equity of 10.23%. The firm had revenue of $1.15 billion during the quarter. During the same period last year, the business posted $1.75 earnings per share. Fresh Del Monte Produce’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 18.93%.

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Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Fresh Del Monte Produce by 2.4% in the first quarter. American Century Companies Inc. now owns 169,616 shares of the company’s stock valued at $10,046,000 after buying an additional 4,025 shares during the period. First Trust Advisors LP raised its position in shares of Fresh Del Monte Produce by 42.1% in the first quarter. First Trust Advisors LP now owns 42,533 shares of the company’s stock valued at $2,519,000 after buying an additional 12,609 shares in the last quarter. LSV Asset Management raised its position 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. Eqis Capital Management Inc. raised its position in shares of Fresh Del Monte Produce by 24.8% in the first quarter. Eqis Capital Management Inc. now owns 4,558 shares of the company’s stock valued at $270,000 after buying an additional 907 shares in the last quarter. Finally, Bowling Portfolio Management LLC raised its position in shares of Fresh Del Monte Produce by 26.9% in the first quarter. Bowling Portfolio Management LLC now owns 14,483 shares of the company’s stock valued at $858,000 after buying an additional 3,071 shares in the last quarter. 66.64% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a report on Monday, May 15th.

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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