Fresh Del Monte Produce (NYSE:DMC) COO Buys $358,680.00 in Stock

Fresh Del Monte Produce Inc (NYSE:DMC) COO Mohammed Abbas acquired 12,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, with a total value of $358,680.00. Following the purchase, the chief operating officer owned 71,930 shares in the company, valued at approximately $2,149,987.70. The trade was a 20.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fresh Del Monte Produce Trading Up 2.8%

Shares of DMC stock opened at $30.75 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 2.23. Fresh Del Monte Produce Inc has a 1-year low of $26.47 and a 1-year high of $43.58. The stock has a market cap of $1.45 billion, a PE ratio of 43.31 and a beta of 0.25.

Fresh Del Monte Produce (NYSE:DMC) last released its earnings results on Thursday, July 30th. The company reported $0.72 earnings per share (EPS) for the quarter. Fresh Del Monte Produce had a net margin of 0.79% and a return on equity of 6.43%. The firm had revenue of $1.22 billion during the quarter.

Fresh Del Monte Produce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. Fresh Del Monte Produce’s payout ratio is currently 169.01%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Fresh Del Monte Produce in a research report on Wednesday. They issued a “hold (c)” rating on the stock. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared food products. Its portfolio includes bananas, pineapples, melons, avocados, berries and other fresh fruits, along with vegetables, fresh-cut produce, juices, snacks and prepared foods. The company sells products under the Del Monte brand and other brands, as well as through private-label and foodservice channels.

Fresh Del Monte manages activities across much of the agricultural supply chain, including growing, sourcing, packing, transporting, marketing and distributing produce.