Fresh Del Monte Produce (NYSE:FDP) Director Purchases $117,640.00 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) Director Ahmad Abu-Ghazaleh bought 4,000 shares of the stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $29.41 per share, for a total transaction of $117,640.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $117,640. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fresh Del Monte Produce Trading Down 4.0%

Shares of NYSE:FDP opened at $27.75 on Thursday. The company has a market cap of $1.32 billion, a P/E ratio of 19.13 and a beta of 0.22. The stock’s 50-day moving average is $35.68 and its 200-day moving average is $37.87. Fresh Del Monte Produce, Inc. has a 52-week low of $27.67 and a 52-week high of $43.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 2.34.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Fresh Del Monte Produce had a return on equity of 7.61% and a net margin of 1.63%.The firm’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, May 19th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 82.76%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Fresh Del Monte Produce by 390.8% in the second quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock valued at $31,000 after acquiring an additional 766 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Fresh Del Monte Produce by 1,488.5% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after acquiring an additional 908 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Fresh Del Monte Produce by 238.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after acquiring an additional 750 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Fresh Del Monte Produce in the fourth quarter valued at approximately $39,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Fresh Del Monte Produce in the fourth quarter valued at approximately $61,000. Institutional investors own 64.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings cut Fresh Del Monte Produce from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.