Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) reached a new 52-week low on Thursday . The stock traded as low as $45.74 and last traded at $45.69, with a volume of 87,221 shares changing hands. The stock had previously closed at $46.93.

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

The firm’s 50 day moving average is $48.82 and its 200-day moving average is $53.44. The company has a market cap of $2.28 billion, a PE ratio of 14.44 and a beta of 0.44.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) 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 for the quarter. During the same quarter in the previous year, the business posted $1.75 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Fresh Del Monte Produce’s payout ratio is 18.93%.

In other news, insider Youssef Zakharia sold 555 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $49.77, for a total transaction of $27,622.35. Following the transaction, the insider now owns 3,383 shares of the company’s stock, valued at approximately $168,371.91. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Richard Contreras sold 1,796 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total transaction of $85,489.60. Following the transaction, the chief financial officer now directly owns 4,116 shares in the company, valued at approximately $195,921.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,189 shares of company stock worth $2,692,266. Corporate insiders own 36.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Harbour Capital Advisors LLC acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at about $118,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at about $229,000. Marshall Wace North America L.P. acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at about $229,000. Amalgamated Bank boosted its position in shares of Fresh Del Monte Produce by 3.3% during the 2nd quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after acquiring an additional 133 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at about $258,000. 66.81% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/09/07/fresh-del-monte-produce-inc-fdp-sets-new-12-month-low-at-45-74.html.

Fresh Del Monte Produce Company Profile

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.