The stock was sold at an average price of $49.50, for a total transaction of $180,279.00. Clarivest Asset Management Ltd Com owns 89,009 shares or 0.14% of their USA portfolio. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Separately, Zacks Investment Research cut shares of Fresh Del Monte Produce from a "hold" rating to a "sell" rating in a report on Monday, May 15th. (NYSE FDP) opened at 48.18 on Friday. Bessemer Gru accumulated 37,300 shares or 0.01% of the stock.
Fresh Del Monte Produce, Inc.'s P/E ratio is 15.51 and the market value is 2.44B.
Company chares are trading at $48.78 just a bit lower than $50.49, the 50 day moving average and much lower than the 200 day moving average of $54.90. The company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.55 by $0.15. The firm had revenue of $1.15 billion during the quarter. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. On average, equities analysts anticipate that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current fiscal year. $128,609 worth of Fresh Del Monte Produce Inc (NYSE:FDP) shares were sold by Tenazas Marissa R. EL-NAFFY HANI also sold $3.64M worth of Fresh Del Monte Produce Inc (NYSE:FDP) shares. Investors of record on Wednesday, August 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, August 14th.
WARNING: "Fresh Del Monte Produce, Inc".
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Among 2 analysts covering Fresh Del Monte (NYSE:FDP), 1 have Buy rating, 0 Sell and 1 Hold. If you are reading this news story on another publication, it was copied illegally and republished in violation of worldwide copyright law. The original version of this report can be read at https://stocknewstimes.com/2017/08/11/fresh-del-monte-produce-inc-nysefdp-cfo-sells-30658-32-in-stock.html.
A number of hedge funds have recently made changes to their positions in FDP. Federated Investors Inc. PA boosted its stake in Fresh Del Monte Produce by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company's stock worth $240,000 after buying an additional 161 shares in the last quarter.
Dimensional Fund Advisors Lp reports that it sold 30,500 shares last quarter decreasing its stake in Fresh Del Monte Produce, Inc. Tdam USA Inc. now owns 18,841 shares of the company's stock worth $1,116,000 after buying an additional 95 shares in the last quarter. Co. purchased a new stake in shares of Fresh Del Monte Produce during the first quarter valued at about $320,000. Northern Trust Corp now owns 868,327 shares of the company's stock worth $44,206,000 after buying an additional 90,867 shares during the period. Eqis Capital Management Inc. raised its stake in shares of Fresh Del Monte Produce by 3.5% in the second quarter. Following the completion of the transaction, the senior vice president now owns 6,175 shares in the company, valued at $293,930.
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". Citigroup Inc. now owns 14,409 shares of the company's stock worth $734,000 after buying an additional 8,557 shares during the period.
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