Fresh Del Monte Produce (NYSE:FDP) Stock Crosses Above 200 Day Moving Average of $24.80

Fresh Del Monte Produce Inc. (NYSE:FDP - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.80 and traded as high as $25.39. Fresh Del Monte Produce shares last traded at $25.36, with a volume of 149,739 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered shares of Fresh Del Monte Produce from a "b-" rating to a "c" rating in a research report on Monday, February 26th.

Fresh Del Monte Produce Price Performance

The company has a quick ratio of 1.01, a current ratio of 2.12 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -102.76 and a beta of 0.56. The company's 50-day moving average is $24.69 and its 200-day moving average is $24.80.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Fresh Del Monte Produce had a positive return on equity of 5.11% and a negative net margin of 0.26%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS.

Fresh Del Monte Produce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.25 per share. This is a positive change from Fresh Del Monte Produce's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 6th. This represents a $1.00 annualized dividend and a dividend yield of 3.88%. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently -400.00%.

Insider Transactions at Fresh Del Monte Produce

In other news, Director Ghazaleh Amir Abu acquired 10,000 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $23.62 per share, with a total value of $236,200.00. Following the completion of the acquisition, the director now owns 3,264,308 shares in the company, valued at approximately $77,102,954.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Monica Vicente sold 1,083 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total value of $26,371.05. Following the completion of the sale, the chief financial officer now owns 5,266 shares of the company's stock, valued at $128,227.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ghazaleh Amir Abu acquired 10,000 shares of Fresh Del Monte Produce stock in a transaction on Wednesday, February 28th. The stock was acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the purchase, the director now owns 3,264,308 shares of the company's stock, valued at approximately $77,102,954.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 10,569 shares of company stock valued at $258,509. Corporate insiders own 29.70% of the company's stock.

Hedge Funds Weigh In On Fresh Del Monte Produce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its position in shares of Fresh Del Monte Produce by 53.6% during the third quarter. Hsbc Holdings PLC now owns 45,147 shares of the company's stock worth $1,162,000 after purchasing an additional 15,759 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Fresh Del Monte Produce by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 479,557 shares of the company's stock worth $12,392,000 after purchasing an additional 64,993 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fresh Del Monte Produce by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 821,636 shares of the company's stock worth $21,231,000 after purchasing an additional 21,664 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Fresh Del Monte Produce by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,408,167 shares of the company's stock worth $113,907,000 after purchasing an additional 16,372 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Fresh Del Monte Produce by 91.2% during the 3rd quarter. LSV Asset Management now owns 204,204 shares of the company's stock worth $5,277,000 after purchasing an additional 97,404 shares during the last quarter. 64.83% of the stock is owned by 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.