Fresh Del Monte Produce Inc. (NYSE:FDP) Director Sells $14,608.30 in Stock

Fresh Del Monte Produce Inc. (NYSE:FDP) Director Michael J. Berthelot sold 509 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $28.70, for a total value of $14,608.30. Following the completion of the transaction, the director now directly owns 13,407 shares in the company, valued at $384,780.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Fresh Del Monte Produce Stock Up 1.2 %

Shares of FDP opened at $28.82 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 1.07. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -56.51 and a beta of 0.42. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $30.59. The business’s 50 day simple moving average is $26.31 and its 200-day simple moving average is $24.85.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.18 billion. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.47%. Fresh Del Monte Produce’s payout ratio is -196.08%.

Institutional Trading of Fresh Del Monte Produce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp increased its position in Fresh Del Monte Produce by 64.8% during the 2nd quarter. Mackenzie Financial Corp now owns 22,141 shares of the company’s stock valued at $484,000 after purchasing an additional 8,710 shares during the period. Millennium Management LLC increased its holdings in Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after buying an additional 94,854 shares during the period. AQR Capital Management LLC raised its stake in Fresh Del Monte Produce by 7.7% in the second quarter. AQR Capital Management LLC now owns 337,076 shares of the company’s stock worth $7,365,000 after buying an additional 24,111 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Fresh Del Monte Produce by 27.1% during the second quarter. Cubist Systematic Strategies LLC now owns 186,347 shares of the company’s stock worth $4,072,000 after buying an additional 39,768 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in Fresh Del Monte Produce during the 2nd quarter valued at $91,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.