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 Wednesday, May 23rd. The shares were sold at an average price of $45.66, for a total transaction of $913,200.00. Following the completion of the transaction, the chairman now directly owns 5,296,410 shares in the company, valued at $241,834,080.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, May 21st, Mohammad Abu-Ghazaleh sold 20,000 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $46.47, for a total transaction of $929,400.00.
  • On Friday, May 18th, Mohammad Abu-Ghazaleh sold 20,000 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $46.26, for a total transaction of $925,200.00.

Fresh Del Monte Produce stock opened at $45.33 on Friday. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 18.58 and a beta of 0.44. The company has a current ratio of 2.52, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Fresh Del Monte Produce has a twelve month low of $43.02 and a twelve month high of $52.73.



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

Fresh Del Monte Produce declared that its Board of Directors has approved a stock buyback program 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. Shares buyback programs are typically a sign that the company’s management 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 issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.32%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank bought a new position in shares of Fresh Del Monte Produce during the fourth quarter worth approximately $207,000. Jane Street Group LLC bought a new position in shares of Fresh Del Monte Produce during the first quarter worth approximately $216,000. Xact Kapitalforvaltning AB bought a new position in shares of Fresh Del Monte Produce during the first quarter worth approximately $219,000. SG Americas Securities LLC bought a new position in shares of Fresh Del Monte Produce during the first quarter worth approximately $235,000. Finally, Ramsey Quantitative Systems bought a new position in shares of Fresh Del Monte Produce during the fourth quarter worth approximately $260,000. 62.61% of the stock is currently owned by institutional investors.

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

About Fresh Del Monte Produce

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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