Fresh Del Monte Produce (FDP) Chairman Mohammad Abu-Ghazaleh Sells 20,000 Shares

Fresh Del Monte Produce (NYSE:FDP) Chairman Mohammad Abu-Ghazaleh sold 20,000 shares of the stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $46.47, for a total value of $929,400.00. Following the sale, the chairman now directly owns 5,316,410 shares in the company, valued at $247,053,572.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mohammad Abu-Ghazaleh also recently made the following trade(s):

  • On Friday, May 18th, Mohammad Abu-Ghazaleh sold 20,000 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $46.26, for a total value of $925,200.00.

Shares of FDP opened at $45.67 on Thursday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 18.86 and a beta of 0.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 2.52. Fresh Del Monte Produce has a fifty-two week low of $43.02 and a fifty-two week high of $53.12.



Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, May 1st. The company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.03). Fresh Del Monte Produce had a net margin of 2.79% and a return on equity of 6.70%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $0.84 earnings per share. Fresh Del Monte Produce’s revenue was up 7.1% on a year-over-year basis.

Fresh Del Monte Produce announced that its board has approved a share buyback plan on Wednesday, February 21st that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Wednesday, May 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, May 8th.

Several large investors have recently bought and sold shares of the company. Parametrica Management Ltd grew its position in shares of Fresh Del Monte Produce by 12.9% during the 4th quarter. Parametrica Management Ltd now owns 9,387 shares of the company’s stock valued at $447,000 after acquiring an additional 1,069 shares during the period. Swiss National Bank grew its position in shares of Fresh Del Monte Produce by 2.3% during the 1st quarter. Swiss National Bank now owns 56,700 shares of the company’s stock valued at $2,565,000 after acquiring an additional 1,300 shares during the period. Federated Investors Inc. PA grew its position in shares of Fresh Del Monte Produce by 12.0% during the 1st quarter. Federated Investors Inc. PA now owns 14,562 shares of the company’s stock valued at $659,000 after acquiring an additional 1,565 shares during the period. Citigroup Inc. grew its position in shares of Fresh Del Monte Produce by 9.0% during the 1st quarter. Citigroup Inc. now owns 19,500 shares of the company’s stock valued at $882,000 after acquiring an additional 1,617 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Fresh Del Monte Produce by 20.6% during the 3rd quarter. California Public Employees Retirement System now owns 10,496 shares of the company’s stock valued at $477,000 after acquiring an additional 1,796 shares during the period. Hedge funds and other institutional investors own 62.61% of the company’s stock.

Separately, TheStreet raised Fresh Del Monte Produce from a “c+” rating to a “b+” rating in a research report on Tuesday, May 1st.

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 worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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