Fresh Del Monte Produce Inc (NYSE:FDP) CEO Mohammad Abu-Ghazaleh sold 22,850 shares of Fresh Del Monte Produce stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $24.47, for a total value of $559,139.50. Following the completion of the sale, the chief executive officer now directly owns 7,126,715 shares of the company’s stock, valued at $174,390,716.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mohammad Abu-Ghazaleh also recently made the following trade(s):

  • On Thursday, July 23rd, Mohammad Abu-Ghazaleh sold 1,000 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $24.02, for a total value of $24,020.00.
  • On Wednesday, July 15th, Mohammad Abu-Ghazaleh sold 6,351 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $24.04, for a total value of $152,678.04.
  • On Monday, July 6th, Mohammad Abu-Ghazaleh sold 2,679 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $24.02, for a total value of $64,349.58.
  • On Wednesday, June 3rd, Mohammad Abu-Ghazaleh sold 20,800 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.18, for a total value of $502,944.00.
  • On Monday, June 1st, Mohammad Abu-Ghazaleh sold 10,341 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.44, for a total value of $252,734.04.
  • On Thursday, May 28th, Mohammad Abu-Ghazaleh sold 20,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.68, for a total value of $493,600.00.
  • On Friday, May 15th, Mohammad Abu-Ghazaleh sold 33,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $21.78, for a total value of $718,740.00.
  • On Wednesday, May 13th, Mohammad Abu-Ghazaleh sold 34,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $21.68, for a total value of $737,120.00.

Shares of NYSE FDP opened at $23.28 on Friday. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 31.05 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.82 and a quick ratio of 0.90. The business has a 50-day moving average of $23.62 and a two-hundred day moving average of $27.99. Fresh Del Monte Produce Inc has a 1 year low of $20.25 and a 1 year high of $38.79.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.23. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.21 billion. Fresh Del Monte Produce had a return on equity of 2.16% and a net margin of 0.54%. Fresh Del Monte Produce’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Wednesday, August 12th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, August 11th.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Fresh Del Monte Produce by 36.3% in the 1st quarter. Wells Fargo & Company MN now owns 102,259 shares of the company’s stock valued at $2,823,000 after purchasing an additional 27,243 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Fresh Del Monte Produce by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,241 shares of the company’s stock valued at $421,000 after purchasing an additional 4,971 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Fresh Del Monte Produce by 42.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,476 shares of the company’s stock valued at $68,000 after purchasing an additional 734 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Fresh Del Monte Produce by 5.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 25,387 shares of the company’s stock valued at $701,000 after purchasing an additional 1,267 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Fresh Del Monte Produce by 162.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,128 shares of the company’s stock valued at $459,000 after purchasing an additional 8,134 shares during the last quarter. 69.34% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Thursday.

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, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, cucumbers, whole lettuce, broccoli, cauliflower, and other vegetables; and various other fruits, such as plantains and mangoes.

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