Fresh Del Monte Produce Inc (NYSE:FDP) Director Madeleine L. Champion sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $46.84, for a total transaction of $281,040.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Madeleine L. Champion also recently made the following trade(s):
- On Friday, May 25th, Madeleine L. Champion purchased 1,000 shares of Fresh Del Monte Produce stock. The shares were purchased at an average cost of $52.72 per share, with a total value of $52,720.00.
Shares of Fresh Del Monte Produce Inc (NYSE:FDP) opened at $47.79 on Friday. Fresh Del Monte Produce Inc has a twelve month low of $43.02 and a twelve month high of $61.98. The company has a current ratio of 2.59, a quick ratio of 1.21 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2,313.18, a P/E ratio of 20.25 and a beta of 0.43.
Fresh Del Monte Produce announced that its Board of Directors has authorized a share buyback program on Wednesday, February 21st that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, March 6th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 25.42%.
Several institutional investors have recently modified their holdings of FDP. Amalgamated Bank bought a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth approximately $207,000. ETRADE Capital Management LLC bought a new stake in shares of Fresh Del Monte Produce during the 3rd quarter worth approximately $213,000. Cubist Systematic Strategies LLC bought a new stake in shares of Fresh Del Monte Produce during the 3rd quarter worth approximately $240,000. Ramsey Quantitative Systems bought a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth approximately $260,000. Finally, Ellington Management Group LLC bought a new position in Fresh Del Monte Produce in the 4th quarter valued at approximately $296,000. 65.37% of the stock is owned by institutional investors.
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Fresh Del Monte Produce Company Profile
Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
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