Key Points
- CEO insider sale: Fresh Del Monte CEO Ghazaleh Mohammad Abu sold 28,558 shares on Dec. 15 at an average of $38.42, netting about $1.097M and trimming her stake by 0.57% to 4,962,224 shares (≈$190.65M).
- The stock trades with a market cap of $1.84B and a PE of 23.68, a 52-week range of $26.50–$40.75, and 50-/200-day moving averages near $35.72 and $35.10.
- Recent results: EPS beat ($0.69 vs. $0.50 est.) while revenue slightly missed at $1.02B, and the company pays a $0.30 quarterly dividend (≈3.1% yield) with a payout ratio of ~73.6%.
Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) CEO Ghazaleh Mohammad Abu sold 28,558 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $38.42, for a total value of $1,097,198.36. Following the sale, the chief executive officer directly owned 4,962,224 shares of the company's stock, valued at $190,648,646.08. This represents a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Fresh Del Monte Produce Price Performance
Shares of FDP opened at $38.55 on Thursday. The firm has a market cap of $1.84 billion, a PE ratio of 23.68 and a beta of 0.28. Fresh Del Monte Produce, Inc. has a 52-week low of $26.50 and a 52-week high of $40.75. The business's 50 day moving average price is $35.72 and its two-hundred day moving average price is $35.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 2.09.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its 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. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.77 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year.
Fresh Del Monte Produce Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, November 12th. Fresh Del Monte Produce's dividend payout ratio is presently 73.62%.
Analysts Set New Price Targets
Several analysts recently issued reports on FDP shares. Wall Street Zen downgraded shares of Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Fresh Del Monte Produce in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Stock Analysis on FDP
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Fresh Del Monte Produce during the third quarter worth about $77,000. NewEdge Advisors LLC boosted its holdings in Fresh Del Monte Produce by 6.7% in the 3rd quarter. NewEdge Advisors LLC now owns 90,587 shares of the company's stock worth $3,145,000 after buying an additional 5,717 shares during the period. Wasatch Advisors LP grew its stake in Fresh Del Monte Produce by 41.1% in the 3rd quarter. Wasatch Advisors LP now owns 1,915,156 shares of the company's stock valued at $66,494,000 after buying an additional 557,638 shares in the last quarter. Verition Fund Management LLC raised its holdings in Fresh Del Monte Produce by 9.2% during the 3rd quarter. Verition Fund Management LLC now owns 31,809 shares of the company's stock valued at $1,104,000 after acquiring an additional 2,690 shares during the period. Finally, Polymer Capital Management US LLC purchased a new stake in shares of Fresh Del Monte Produce during the third quarter worth $221,000. Institutional investors own 64.83% of the company's stock.
Fresh Del Monte Produce Company Profile
(
Get Free Report)
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.
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