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

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.

The company has a 50 day moving average price of $48.50 and a 200-day moving average price of $53.33. The company has a market cap of $2.30 billion, a PE ratio of 14.58 and a beta of 0.44.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.15 billion for the quarter. During the same period last year, the business posted $1.75 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.31%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 18.93%.

In other news, VP Sergio Mancilla sold 3,642 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $49.50, for a total transaction of $180,279.00. Following the completion of the transaction, the vice president now owns 1,642 shares in the company, valued at approximately $81,279. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Youssef Zakharia sold 555 shares of the firm’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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,189 shares of company stock valued at $2,692,266. Insiders own 36.90% of the company’s stock.

Several large investors have recently bought and sold shares of FDP. Harbour Capital Advisors LLC bought a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at about $118,000. 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 purchasing an additional 133 shares in the last quarter. MARSHALL WACE ASIA Ltd bought 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. bought a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at about $229,000. Finally, Eqis Capital Management Inc. boosted its position in shares of Fresh Del Monte Produce by 3.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock valued at $240,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 66.81% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/09/08/fresh-del-monte-produce-inc-fdp-sets-new-1-year-low-at-45-74.html.

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.

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.