Fresh Del Monte Produce Inc (NYSE:FDP) Director Madeleine L. Champion sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $46.84, for a total transaction of $281,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Madeleine L. Champion also recently made the following trade(s):
- On Friday, May 25th, Madeleine L. Champion bought 1,000 shares of Fresh Del Monte Produce stock. The stock was acquired at an average cost of $52.72 per share, for a total transaction of $52,720.00.
Fresh Del Monte Produce Inc (NYSE:FDP) traded up $0.10 during trading on Friday, reaching $47.42. 415,375 shares of the company traded hands, compared to its average volume of 244,234. Fresh Del Monte Produce Inc has a twelve month low of $43.02 and a twelve month high of $61.98. The company has a market cap of $2,317.08, a price-to-earnings ratio of 20.16 and a beta of 0.43. The company has a quick ratio of 1.21, a current ratio of 2.59 and a debt-to-equity ratio of 0.20.
Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.08) earnings per share for the quarter. Fresh Del Monte Produce had a return on equity of 6.70% and a net margin of 2.96%. The firm had revenue of $953.70 million for the quarter, compared to the consensus estimate of $925.00 million. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue was down .1% compared to the same quarter last year.
Fresh Del Monte Produce declared that its board has authorized a stock repurchase program on Wednesday, February 21st that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, March 6th. Fresh Del Monte Produce’s payout ratio is 25.42%.
Institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new stake in Fresh Del Monte Produce during the 4th quarter worth approximately $207,000. ETRADE Capital Management LLC acquired a new stake in Fresh Del Monte Produce during the 3rd quarter worth approximately $213,000. Cubist Systematic Strategies LLC acquired a new stake in Fresh Del Monte Produce during the 3rd quarter worth approximately $240,000. Ramsey Quantitative Systems acquired a new stake in Fresh Del Monte Produce during the 4th quarter worth approximately $260,000. Finally, Ellington Management Group LLC acquired a new stake in Fresh Del Monte Produce during the 4th quarter worth approximately $296,000. 65.93% of the stock is currently owned by institutional investors and hedge funds.
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Fresh Del Monte Produce Company Profile
Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
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