Also, Director Hani El-Naffy sold 106,044 shares of the business's stock in a transaction that occurred on Tuesday, May 9th. The transaction was disclosed in a filing with the SEC, which is available at this link. Co. purchased a new stake in shares of Fresh Del Monte Produce during the first quarter valued at about $320,000. Fresh Del Monte Produce's payout ratio is presently 18.93%.
Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Tuesday, August 1st. The stock was sold at an average price of $47.60, for a total value of $115,620.40.
The P/E ratio is now 15.51 and market cap is 2.44B. (FDP) traded up 0.28% during trading on Friday, hitting $49.97.
The company is so far trading up since yesterday's close of $48.06. Fresh Del Monte Produce, Inc. has a 1-year low of $46.31 and a 1-year high of $66.86. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 15.32 and a beta of 0.42. The firm has a 50-day moving average price of $50.49 and a 200-day moving average price of $54.90. MORE TO IT THAN MEETS THE EYEWhile a short put spread is a strategy that gains profits if the underlying stock "doesn't go down a lot", there is more to this with Fresh Del Monte Produce Inc. 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 for the quarter. The SI to Fresh Del Monte Produce Incorporated's float is 8.46%. During the same quarter in the previous 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.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be issued a $0.15 dividend. The dividend payment will be $0.150 per share for the quarter which comes to $0.60 on an annualized basis. The ex-dividend date is Monday the 8th of May 2017. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & global copyright & trademark legislation.
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The average 12-month target price among analysts that have covered the stock in the a year ago is €134.88 ($158.68). Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock.
Separately, Zacks Investment Research lowered shares of Fresh Del Monte Produce from a "hold" rating to a "sell" rating in a report on Monday, May 15th.
A number of hedge funds and other institutional investors have recently bought and sold shares of FDP.
Dimensional Fund Advisors Lp reports that it sold 30,500 shares last quarter decreasing its stake in Fresh Del Monte Produce, Inc. Vanguard Group Inc. now owns 3,545,924 shares of the company's stock valued at $210,026,000 after buying an additional 259,884 shares during the period.
LEDEThis is a simple option trade that starts two-days after Fresh Del Monte Produce Inc (NYSE:FDP) earnings and lasts for the one month to follow, that has been a victor for 3 straight years. Following the completion of the sale, the vice president now directly owns 1,642 shares in the company, valued at approximately $81,279. DekaBank Deutsche Girozentrale purchased a new stake in shares of Fresh Del Monte Produce during the first quarter valued at about $258,000. Marshall Wace North America L.P. purchased a new stake in shares of Fresh Del Monte Produce during the first quarter valued at about $229,000. Sei Investments Co. raised its stake in shares of Fresh Del Monte Produce by 1.7% in the first quarter. Institutional investors own 66.64% of the company's stock.
Finally, Nomura Holdings Inc. acquired a new position in Fresh Del Monte Produce during the first quarter valued at $399,000. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.