Fresh Del Monte Produce (NYSE:FDP) SVP Effie Silva Sells 5,894 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Effie Silva sold 5,894 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $41.94, for a total value of $247,194.36. Following the completion of the transaction, the senior vice president owned 8,536 shares in the company, valued at $357,999.84. This trade represents a 40.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fresh Del Monte Produce Stock Performance

FDP traded down $0.15 on Thursday, hitting $41.02. 7,595 shares of the company traded hands, compared to its average volume of 233,928. Fresh Del Monte Produce, Inc. has a 12-month low of $29.00 and a 12-month high of $43.58. The company has a 50 day moving average of $39.32 and a 200-day moving average of $36.95. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.94 billion, a PE ratio of 21.85 and a beta of 0.28.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share 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 company had revenue of $968.20 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $0.26 EPS. The company’s revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 4th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, March 4th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 63.83%.

Institutional Investors Weigh In On Fresh Del Monte Produce

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Fresh Del Monte Produce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,090 shares of the company’s stock valued at $619,000 after acquiring an additional 879 shares in the last quarter. Millennium Management LLC raised its position in Fresh Del Monte Produce by 1,647.2% during the first quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock worth $18,390,000 after acquiring an additional 562,356 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Fresh Del Monte Produce by 10.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,910 shares of the company’s stock valued at $2,926,000 after purchasing an additional 9,202 shares in the last quarter. Jane Street Group LLC grew its position in shares of Fresh Del Monte Produce by 2,889.0% in the first quarter. Jane Street Group LLC now owns 122,716 shares of the company’s stock valued at $3,783,000 after purchasing an additional 127,116 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Fresh Del Monte Produce by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 264,319 shares of the company’s stock valued at $8,569,000 after purchasing an additional 6,788 shares during the last quarter. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Fresh Del Monte Produce Company Profile

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.