Insider Selling: Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Sells 1,315 Shares of Stock

Key Points

• Fresh Del Monte Produce SVP Effie D. Silva sold 1,315 shares for approximately $49,365, reducing her ownership in the company by 15.13%.
• The company reported $1.18 billion in revenue for the last quarter, surpassing analysts' expectations and reflecting a 3.8% year-over-year increase.
• Fresh Del Monte Produce declared a quarterly dividend of $0.30, yielding 3.3% annually, with payment scheduled for September 5th.

Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) SVP Effie D. Silva sold 1,315 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $37.54, for a total value of $49,365.10. Following the sale, the senior vice president directly owned 7,377 shares of the company's stock, valued at $276,932.58. This represents a 15.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Fresh Del Monte Produce Stock Performance

NYSE:FDP traded up $0.30 during mid-day trading on Wednesday, hitting $36.10. 361,054 shares of the company traded hands, compared to its average volume of 368,925. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 11.57 and a beta of 0.42. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average price is $33.96 and its 200-day moving average price is $32.35. Fresh Del Monte Produce, Inc. has a one year low of $26.50 and a one year high of $40.75.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.28. Fresh Del Monte Produce had a return on equity of 6.84% and a net margin of 3.49%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The firm's revenue for the quarter was up 3.8% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Wednesday, August 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 13th. Fresh Del Monte Produce's dividend payout ratio is presently 38.46%.

Institutional Investors Weigh In On Fresh Del Monte Produce

Several hedge funds and other institutional investors have recently modified their holdings of FDP. Waterfront Wealth Inc. boosted its position in Fresh Del Monte Produce by 111.0% during the 1st quarter. Waterfront Wealth Inc. now owns 47,673 shares of the company's stock valued at $1,470,000 after acquiring an additional 25,081 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Fresh Del Monte Produce by 17.4% during the 1st quarter. New York State Teachers Retirement System now owns 22,741 shares of the company's stock valued at $701,000 after buying an additional 3,371 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Fresh Del Monte Produce by 2,671.9% during the 1st quarter. GAMMA Investing LLC now owns 207,393 shares of the company's stock valued at $6,727,000 after buying an additional 199,911 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of Fresh Del Monte Produce by 65.5% during the 1st quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company's stock valued at $960,000 after acquiring an additional 12,316 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Fresh Del Monte Produce by 95.8% in the 1st quarter. Allianz Asset Management GmbH now owns 377,312 shares of the company's stock worth $11,633,000 after buying an additional 184,573 shares during the last quarter. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Company Profile

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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