Fresh Del Monte Produce (NYSE:FDP) SVP Marissa Tenazas Sells 1,046 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Marissa Tenazas sold 1,046 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $40.40, for a total transaction of $42,258.40. Following the transaction, the senior vice president owned 8,050 shares of the company’s stock, valued at $325,220. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Fresh Del Monte Produce Price Performance

Shares of FDP opened at $41.23 on Friday. The business’s 50-day moving average is $40.94 and its two-hundred day moving average is $37.58. The company has a market capitalization of $1.95 billion, a P/E ratio of 21.93 and a beta of 0.28. Fresh Del Monte Produce, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $43.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.06 and a current ratio of 2.16.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.42. Fresh Del Monte Produce had a return on equity of 7.63% and a net margin of 2.10%.The business had revenue of $968.20 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, March 4th. Fresh Del Monte Produce’s payout ratio is 63.83%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FDP. Weiss Ratings raised shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Institutional Trading of Fresh Del Monte Produce

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in shares of Fresh Del Monte Produce by 390.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock valued at $31,000 after buying an additional 766 shares in the last quarter. Larson Financial Group LLC increased its holdings in Fresh Del Monte Produce by 1,488.5% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 908 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Fresh Del Monte Produce by 238.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock worth $35,000 after acquiring an additional 750 shares during the period. Leonteq Securities AG acquired a new position in Fresh Del Monte Produce during the fourth quarter worth $39,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Fresh Del Monte Produce during the fourth quarter valued at $61,000. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.