Sergio Mancilla Sells 1,485 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP) Stock

Fresh Del Monte Produce Inc. (NYSE:FDP – Get Rating) VP Sergio Mancilla sold 1,485 shares of the stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $30.20, for a total transaction of $44,847.00. Following the completion of the sale, the vice president now directly owns 68 shares in the company, valued at approximately $2,053.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fresh Del Monte Produce Stock Down 3.1 %

FDP stock opened at $29.34 on Friday. The company has a quick ratio of 0.94, a current ratio of 2.05 and a debt-to-equity ratio of 0.28. Fresh Del Monte Produce Inc. has a fifty-two week low of $22.63 and a fifty-two week high of $32.49. The firm’s 50-day simple moving average is $28.99 and its 200 day simple moving average is $27.12. The stock has a market cap of $1.40 billion, a PE ratio of 14.31 and a beta of 0.67.

Fresh Del Monte Produce (NYSE:FDP – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.50. Fresh Del Monte Produce had a net margin of 2.22% and a return on equity of 4.97%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned ($0.18) EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.04%. Fresh Del Monte Produce’s payout ratio is 29.27%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Fresh Del Monte Produce in a report on Thursday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Fresh Del Monte Produce

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Fresh Del Monte Produce during the 2nd quarter valued at about $32,000. Clear Street Markets LLC acquired a new position in Fresh Del Monte Produce during the 3rd quarter valued at about $35,000. Point72 Hong Kong Ltd acquired a new position in Fresh Del Monte Produce during the 3rd quarter valued at about $42,000. Federated Hermes Inc. acquired a new position in Fresh Del Monte Produce during the 3rd quarter valued at about $42,000. Finally, Royal Bank of Canada increased its stake in Fresh Del Monte Produce by 247.3% during the 3rd quarter. Royal Bank of Canada now owns 1,813 shares of the company’s stock valued at $43,000 after buying an additional 1,291 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Fresh Del Monte Produce

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Fresh Del Monte Produce, Inc engages in production and distribution of fresh fruit and vegetables products. It operates through the following segments: Bananas and Fresh and Value-added products segments. The Bananas segment produces banana. The Fresh and Value-added products segment includes sales of pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, prepared meals and snacks.