Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.99 and traded as high as $32.23. Fresh Del Monte Produce shares last traded at $32.02, with a volume of 444,116 shares.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th.
Check Out Our Latest Research Report on FDP
Fresh Del Monte Produce Stock Performance
The company has a quick ratio of 1.01, a current ratio of 2.05 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $33.46 and a 200-day moving average price of $31.98. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.46 and a beta of 0.41.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Fresh Del Monte Produce had a return on equity of 6.52% and a net margin of 3.45%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share.
Fresh Del Monte Produce Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.75%. Fresh Del Monte Produce's dividend payout ratio (DPR) is 39.22%.
Insiders Place Their Bets
In other news, SVP Marissa R. Tenazas sold 1,148 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.05, for a total transaction of $35,645.40. Following the completion of the sale, the senior vice president now owns 3,573 shares in the company, valued at approximately $110,941.65. This represents a 24.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.60% of the stock is currently owned by insiders.
Institutional Trading of Fresh Del Monte Produce
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Fresh Del Monte Produce by 2.8% in the first quarter. Vanguard Group Inc. now owns 4,943,089 shares of the company's stock worth $152,395,000 after acquiring an additional 133,638 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fresh Del Monte Produce by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,135,569 shares of the company's stock worth $35,010,000 after acquiring an additional 30,216 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Fresh Del Monte Produce by 15.9% in the first quarter. American Century Companies Inc. now owns 1,101,091 shares of the company's stock worth $33,947,000 after acquiring an additional 150,983 shares during the last quarter. Invesco Ltd. increased its stake in shares of Fresh Del Monte Produce by 1.2% in the first quarter. Invesco Ltd. now owns 930,921 shares of the company's stock worth $28,700,000 after acquiring an additional 11,309 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Fresh Del Monte Produce by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 776,161 shares of the company's stock worth $25,782,000 after purchasing an additional 3,045 shares in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.
Fresh Del Monte Produce Company Profile
(
Get Free Report)
Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.
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