Insider Selling: Fresh Del Monte Produce (NYSE:FDP) SVP Sells 1,325 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Effie Silva sold 1,325 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $36.79, for a total value of $48,746.75. Following the sale, the senior vice president directly owned 6,052 shares in the company, valued at $222,653.08. This represents a 17.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Fresh Del Monte Produce Stock Down 1.9%

Shares of FDP stock traded down $0.70 on Wednesday, reaching $36.76. 204,966 shares of the stock were exchanged, compared to its average volume of 362,075. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 22.55 and a beta of 0.39. The company has a current ratio of 2.09, a quick ratio of 1.11 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average price is $35.08 and its 200 day moving average price is $34.61. Fresh Del Monte Produce, Inc. has a twelve month low of $26.50 and a twelve month high of $40.75.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Fresh Del Monte Produce had a net margin of 1.84% and a return on equity of 6.63%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share.

Fresh Del Monte Produce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, November 12th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 73.62%.

Hedge Funds Weigh In On Fresh Del Monte Produce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of Fresh Del Monte Produce by 390.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock worth $31,000 after buying an additional 766 shares during the period. Geneos Wealth Management Inc. increased its position in Fresh Del Monte Produce by 238.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock worth $35,000 after purchasing an additional 750 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Fresh Del Monte Produce by 34.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock valued at $98,000 after buying an additional 775 shares during the period. BNP Paribas Financial Markets raised its holdings in Fresh Del Monte Produce by 34.2% in the second quarter. BNP Paribas Financial Markets now owns 3,543 shares of the company’s stock valued at $115,000 after buying an additional 902 shares during the period. Finally, State of Wyoming lifted its position in Fresh Del Monte Produce by 230.1% during the first quarter. State of Wyoming now owns 5,321 shares of the company’s stock valued at $164,000 after buying an additional 3,709 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FDP shares. Weiss Ratings lowered shares of Fresh Del Monte Produce from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Wall Street Zen downgraded Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.