Insider Trading at Fresh Del Monte Produce Inc.?

10391 Southwest 64th Avenue Inset Hani El-Naffy

10391 Southwest 64th Avenue Inset Hani El-Naffy

The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The stock was sold at an average price of $49.71, for a total value of $44,689.29. 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.

The P/E ratio is now 15.51 and market cap is 2.44B. (NYSE FDP) opened at 48.18 on Friday. The company had a trading volume of 74,344 shares. Fresh Del Monte Produce, Inc. has a 1-year low of $46.31 and a 1-year high of $66.86. Vident Inv Advisory Limited Liability Corporation has 0.31% invested in Fresh Del Monte Produce Inc (NYSE:FDP). The company reported $1.40 EPS for the quarter, missing the Zacks' consensus estimate of $1.55 by $0.15. The business had revenue of $1.15 billion during the quarter. Massachusetts-based Acadian Asset Mgmt Ltd has invested 0.55% in Fresh Del Monte Produce Inc (NYSE:FDP). The business's revenue was up 5.4% compared to the same quarter a year ago. During the same period in the prior year, the company posted $1.75 earnings per share. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Fresh Del Monte Produce during the first quarter valued at about $229,000.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be issued a $0.15 dividend. The ex-dividend date is set for Monday the 8th of May 2017. Fresh Del Monte Produce's dividend payout ratio is now 18.93%.

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Separately, Zacks Investment Research lowered Fresh Del Monte Produce from a "hold" rating to a "sell" rating in a research note on Monday, May 1st.

A number of hedge funds have recently made changes to their positions in the stock. Fresh Del Monte Produce Inc (NYSE:FDP) EarningsWhile the mainstream media likes to focus on the actual earnings move for a stock, that's the distraction when it comes to the option market. Federated Investors Inc. PA now owns 13,729 shares of the company's stock valued at $699,000 after buying an additional 35 shares in the last quarter.

More notable recent Fresh Del Monte Produce Inc (NYSE:FDP) news were published by: Seekingalpha.com which released: "Del Monte Pacific limited and Fresh Del Monte Produce announce new joint ventures" on June 28, 2017, also Nasdaq.com with their article: "Fresh Del Monte Produce, Inc". Tdam USA Inc. now owns 18,841 shares of the company's stock valued at $1,116,000 after buying an additional 95 shares in the last quarter. Advisor Group Inc. increased its position in Fresh Del Monte Produce by 439.7% in the second quarter. Martingale Asset Management L P grew its investment by buying 2,098 shares an increase of 1.7% in the quarter. The value of the investment in Fresh Del Monte Produce, Inc. decreased from $1,155,000 to $1,044,000 a change of 9.6% quarter to quarter. Following the transaction, the senior vice president now owns 5,767 shares in the company, valued at approximately $287,023.59.

Finally, Nomura Holdings Inc. acquired a new position in Fresh Del Monte Produce during the first quarter valued at $399,000.

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