Insider Selling: Fresh Del Monte Produce Inc (NYSE:FDP) CEO Sells $559,139.50 in Stock

Fresh Del Monte Produce Inc (NYSE:FDP) CEO Mohammad Abu-Ghazaleh sold 22,850 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $24.47, for a total value of $559,139.50. Following the sale, the chief executive officer now directly owns 7,126,715 shares of the company’s stock, valued at approximately $174,390,716.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mohammad Abu-Ghazaleh also recently made the following trade(s):

  • On Thursday, July 23rd, Mohammad Abu-Ghazaleh sold 1,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.02, for a total value of $24,020.00.
  • On Wednesday, July 15th, Mohammad Abu-Ghazaleh sold 6,351 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.04, for a total value of $152,678.04.
  • On Monday, July 6th, Mohammad Abu-Ghazaleh sold 2,679 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.02, for a total value of $64,349.58.
  • On Wednesday, June 3rd, Mohammad Abu-Ghazaleh sold 20,800 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.18, for a total value of $502,944.00.
  • On Monday, June 1st, Mohammad Abu-Ghazaleh sold 10,341 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.44, for a total value of $252,734.04.
  • On Thursday, May 28th, Mohammad Abu-Ghazaleh sold 20,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $24.68, for a total value of $493,600.00.
  • On Friday, May 15th, Mohammad Abu-Ghazaleh sold 33,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $21.78, for a total value of $718,740.00.
  • On Wednesday, May 13th, Mohammad Abu-Ghazaleh sold 34,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $21.68, for a total value of $737,120.00.

Shares of NYSE:FDP opened at $22.58 on Friday. The business’s 50 day simple moving average is $23.60 and its two-hundred day simple moving average is $27.93. The firm has a market cap of $1.10 billion, a P/E ratio of 46.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.82. Fresh Del Monte Produce Inc has a 52-week low of $20.25 and a 52-week high of $38.79.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.23. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.21 billion. Fresh Del Monte Produce had a return on equity of 2.16% and a net margin of 0.54%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Wednesday, August 12th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.89%.

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of Fresh Del Monte Produce by 294.9% in the first quarter. Meeder Asset Management Inc. now owns 1,469 shares of the company’s stock valued at $41,000 after purchasing an additional 1,097 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Fresh Del Monte Produce by 42.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,476 shares of the company’s stock valued at $68,000 after purchasing an additional 734 shares in the last quarter. Strs Ohio bought a new position in shares of Fresh Del Monte Produce in the second quarter valued at approximately $83,000. Trexquant Investment LP bought a new position in shares of Fresh Del Monte Produce in the first quarter valued at approximately $203,000. Finally, WINTON GROUP Ltd bought a new position in shares of Fresh Del Monte Produce in the first quarter valued at approximately $216,000. Institutional investors own 69.34% of the company’s stock.

Separately, ValuEngine upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Thursday.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, cucumbers, whole lettuce, broccoli, cauliflower, and other vegetables; and various other fruits, such as plantains and mangoes.

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Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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