Fresh Del Monte Produce Inc. (NYSE:FDP) SVP Marissa R. Tenazas Buys 2,000 Shares

Fresh Del Monte Produce Inc. (NYSE:FDP) SVP Marissa R. Tenazas acquired 2,000 shares of the stock in a transaction on Friday, June 14th. The shares were purchased at an average price of $21.85 per share, for a total transaction of $43,700.00. Following the transaction, the senior vice president now directly owns 2,108 shares in the company, valued at $46,059.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fresh Del Monte Produce Stock Performance

FDP stock opened at $21.49 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $24.68. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.41 and a fifty-two week 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. Fresh Del Monte Produce had a positive return on equity of 4.59% and a negative net margin of 0.56%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS.

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Wednesday, May 15th. Fresh Del Monte Produce’s payout ratio is currently -196.07%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of 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. Lazard Asset Management LLC bought a new position in shares of Fresh Del Monte Produce in the first quarter worth $48,000. EntryPoint Capital LLC bought a new position in shares of Fresh Del Monte Produce in the first quarter worth $49,000. Advisors Asset Management Inc. bought a new position in shares of Fresh Del Monte Produce in the first quarter worth $174,000. Finally, Inspire Advisors LLC bought a new position in shares of Fresh Del Monte Produce in the first quarter worth $209,000. Institutional investors own 64.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet cut 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.