Fresh Del Monte Produce (FDP) Director Sells $274,500.00 in Stock

Fresh Del Monte Produce (NYSE:FDP) Director Madeleine L. Champion sold 6,000 shares of Fresh Del Monte Produce stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $45.75, for a total value of $274,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Madeleine L. Champion also recently made the following trade(s):

  • On Tuesday, March 6th, Madeleine L. Champion sold 6,000 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $46.84, for a total value of $281,040.00.

Fresh Del Monte Produce opened at $44.32 on Friday, according to Marketbeat Ratings. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 18.16 and a beta of 0.40. The company has a current ratio of 2.52, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Fresh Del Monte Produce has a 52 week low of $43.02 and a 52 week high of $52.64.



Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Tuesday, May 1st. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.03). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.28 billion. Fresh Del Monte Produce had a net margin of 2.79% and a return on equity of 6.70%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Wednesday, May 9th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, May 8th.

Fresh Del Monte Produce announced that its board has approved a stock buyback plan on Wednesday, February 21st that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Separately, TheStreet cut Fresh Del Monte Produce from a “b-” rating to a “c” rating in a report on Monday, March 26th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank bought a new stake in Fresh Del Monte Produce in the 4th quarter valued at approximately $207,000. Jane Street Group LLC bought a new stake in Fresh Del Monte Produce in the 1st quarter valued at approximately $216,000. Xact Kapitalforvaltning AB bought a new stake in Fresh Del Monte Produce in the 1st quarter valued at approximately $219,000. SG Americas Securities LLC bought a new stake in Fresh Del Monte Produce in the 1st quarter valued at approximately $235,000. Finally, Ramsey Quantitative Systems bought a new stake in Fresh Del Monte Produce in the 4th quarter valued at approximately $260,000. Hedge funds and other institutional investors own 62.64% of the company’s stock.

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 worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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