Fresh Del Monte Produce Inc (NYSE:FDP) SVP Marissa R. Tenazas sold 5,953 shares of Fresh Del Monte Produce stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $58.41, for a total value of $347,714.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Fresh Del Monte Produce Inc (NYSE:FDP) traded up 0.70% during midday trading on Monday, reaching $58.79. The company’s stock had a trading volume of 211,058 shares. The stock’s 50-day moving average price is $58.03 and its 200-day moving average price is $60.01. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 13.58 and a beta of 0.31. Fresh Del Monte Produce Inc has a 12 month low of $41.56 and a 12 month high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.21. The firm earned $954.60 million during the quarter, compared to analyst estimates of $954.80 million. Fresh Del Monte Produce had a return on equity of 12.62% and a net margin of 3.47%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. Analysts predict that Fresh Del Monte Produce Inc will post $4.10 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, March 6th. Fresh Del Monte Produce’s payout ratio is currently 22.06%.

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Several large investors have recently made changes to their positions in FDP. Acadian Asset Management LLC increased its stake in shares of Fresh Del Monte Produce by 8.6% in the third quarter. Acadian Asset Management LLC now owns 1,884,038 shares of the company’s stock worth $112,851,000 after buying an additional 149,108 shares during the period. LSV Asset Management increased its stake in shares of Fresh Del Monte Produce by 30.1% in the third quarter. LSV Asset Management now owns 1,637,035 shares of the company’s stock worth $98,058,000 after buying an additional 378,300 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Fresh Del Monte Produce by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 931,059 shares of the company’s stock worth $55,770,000 after buying an additional 84,132 shares during the period. BlackRock Fund Advisors increased its stake in shares of Fresh Del Monte Produce by 7.3% in the third quarter. BlackRock Fund Advisors now owns 857,829 shares of the company’s stock worth $51,384,000 after buying an additional 58,210 shares during the period. Finally, Numeric Investors LLC increased its stake in shares of Fresh Del Monte Produce by 17.9% in the fourth quarter. Numeric Investors LLC now owns 814,962 shares of the company’s stock worth $49,411,000 after buying an additional 123,924 shares during the period. Institutional investors own 63.80% of the company’s stock.

Separately, Zacks Investment Research downgraded Fresh Del Monte Produce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 10th.

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.

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