Insider Selling: Fresh Del Monte Produce Inc. (NYSE:FDP) Director Sells $137,112.00 in Stock

Fresh Del Monte Produce Inc. (NYSE:FDP) Director Michael J. Berthelot sold 5,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $23.64, for a total value of $137,112.00. Following the sale, the director now directly owns 13,916 shares of the company’s stock, valued at approximately $328,974.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP opened at $23.26 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -45.61 and a beta of 0.54. The business has a 50 day moving average price of $25.03 and a 200 day moving average price of $24.75. The company has a quick ratio of 1.11, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. Fresh Del Monte Produce Inc. has a twelve month low of $21.41 and a twelve month high of $28.55.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.26). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. Fresh Del Monte Produce had a negative net margin of 0.56% and a positive return on equity of 4.59%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 16th will be given a $0.25 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.00 annualized dividend and a yield of 4.30%. Fresh Del Monte Produce’s dividend payout ratio is -196.07%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC increased its stake in Fresh Del Monte Produce by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 48,588 shares of the company’s stock valued at $1,275,000 after acquiring an additional 386 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Fresh Del Monte Produce by 4.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 9,988 shares of the company’s stock valued at $258,000 after purchasing an additional 400 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Fresh Del Monte Produce by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 28,467 shares of the company’s stock valued at $747,000 after purchasing an additional 437 shares in the last quarter. Summit Global Investments raised its stake in shares of Fresh Del Monte Produce by 1.4% in the fourth quarter. Summit Global Investments now owns 32,670 shares of the company’s stock valued at $858,000 after purchasing an additional 463 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Fresh Del Monte Produce by 197.6% in the fourth quarter. Parallel Advisors LLC now owns 1,119 shares of the company’s stock worth $29,000 after purchasing an additional 743 shares during the period. Institutional investors and hedge funds own 64.83% of the company’s stock.

Analyst Upgrades and Downgrades

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 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.