Ziad Nabulsi Sells 1,000 Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) Stock

Key Points

• Ziad Nabulsi, SVP of Fresh Del Monte Produce, sold 1,000 shares at an average price of $35.95, decreasing his position by 8.70% to a total of 10,498 shares.
• The company recently reported quarterly earnings with an EPS of $1.23, exceeding estimates, alongside a year-over-year revenue increase of 3.8%.
• Fresh Del Monte Produce declared a quarterly dividend of $0.30 per share to be paid on September 5th, with a current annualized dividend yield of 3.3%.

Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) SVP Ziad Nabulsi sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.95, for a total transaction of $35,950.00. Following the transaction, the senior vice president owned 10,498 shares of the company's stock, valued at $377,403.10. This represents a 8.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Fresh Del Monte Produce Stock Performance

Shares of Fresh Del Monte Produce stock traded down $0.08 during trading on Thursday, hitting $36.07. 322,709 shares of the stock were exchanged, compared to its average volume of 381,885. The stock's fifty day moving average is $34.00 and its 200 day moving average is $32.38. The stock has a market cap of $1.73 billion, a PE ratio of 11.56 and a beta of 0.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 2.08. Fresh Del Monte Produce, Inc. has a 12 month low of $26.50 and a 12 month high of $40.75.

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

Fresh Del Monte Produce Dividend Announcement

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

Hedge Funds Weigh In On Fresh Del Monte Produce

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Fresh Del Monte Produce by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 4,943,089 shares of the company's stock valued at $152,395,000 after buying an additional 133,638 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Fresh Del Monte Produce by 2.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,135,569 shares of the company's stock valued at $35,010,000 after buying an additional 30,216 shares in the last quarter. American Century Companies Inc. grew its position in Fresh Del Monte Produce by 15.9% in the 1st quarter. American Century Companies Inc. now owns 1,101,091 shares of the company's stock valued at $33,947,000 after buying an additional 150,983 shares in the last quarter. Invesco Ltd. grew its position in Fresh Del Monte Produce by 1.2% in the 1st quarter. Invesco Ltd. now owns 930,921 shares of the company's stock valued at $28,700,000 after buying an additional 11,309 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Fresh Del Monte Produce by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 776,161 shares of the company's stock valued at $25,782,000 after buying an additional 3,045 shares in the last quarter. Institutional investors own 64.83% of the company's stock.

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, 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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