Insider Selling: Fresh Del Monte Produce, Inc. (FDP) CFO Sells 616 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) CFO Richard Contreras sold 616 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $49.77, for a total transaction of $30,658.32. Following the transaction, the chief financial officer now directly owns 1,515 shares in the company, valued at approximately $75,401.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richard Contreras also recently made the following trade(s):

  • On Monday, August 7th, Richard Contreras sold 899 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $49.71, for a total transaction of $44,689.29.
  • On Thursday, August 3rd, Richard Contreras sold 7,320 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $48.84, for a total transaction of $357,508.80.
  • On Tuesday, August 1st, Richard Contreras sold 1,796 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $47.60, for a total transaction of $85,489.60.

Shares of Fresh Del Monte Produce, Inc. (NYSE FDP) traded down 0.15% during trading on Friday, hitting $46.56. 436,871 shares of the stock were exchanged. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 14.80 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 12-month low of $46.09 and a 12-month high of $66.86. The stock’s 50 day moving average is $50.16 and its 200-day moving average is $54.49.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.15. The business had revenue of $1.15 billion during the quarter. Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 EPS. Equities research analysts anticipate that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 18.93%.

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

A number of hedge funds have recently bought and sold shares of FDP. Teachers Advisors LLC boosted its stake in Fresh Del Monte Produce by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 382,773 shares of the company’s stock worth $23,208,000 after buying an additional 15,002 shares during the period. Regentatlantic Capital LLC boosted its stake in Fresh Del Monte Produce by 40.7% in the first quarter. Regentatlantic Capital LLC now owns 29,875 shares of the company’s stock worth $1,770,000 after buying an additional 8,640 shares during the period. James Investment Research Inc. acquired a new stake in Fresh Del Monte Produce during the first quarter worth about $2,379,000. Sit Investment Associates Inc. boosted its stake in Fresh Del Monte Produce by 475.0% in the first quarter. Sit Investment Associates Inc. now owns 9,200 shares of the company’s stock worth $545,000 after buying an additional 7,600 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in Fresh Del Monte Produce during the first quarter worth about $748,000. Hedge funds and other institutional investors own 67.41% of the company’s stock.

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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