Fresh Del Monte Produce Inc (NYSE:FDP) was the recipient of unusually large options trading on Thursday. Investors acquired 838 put options on the company. This is an increase of approximately 1,132% compared to the typical daily volume of 68 put options.
In other Fresh Del Monte Produce news, Director Edward L. Boykin sold 2,207 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $27.00, for a total transaction of $59,589.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Madeleine L. Champion sold 6,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $28.04, for a total value of $168,240.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,354 shares of company stock worth $259,573. Company insiders own 39.00% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Fresh Del Monte Produce by 1.6% during the fourth quarter. BlackRock Inc. now owns 2,279,709 shares of the company’s stock worth $64,447,000 after buying an additional 36,692 shares in the last quarter. Boston Partners increased its holdings in Fresh Del Monte Produce by 7.0% in the fourth quarter. Boston Partners now owns 734,651 shares of the company’s stock valued at $20,769,000 after purchasing an additional 48,375 shares during the period. Bank of New York Mellon Corp increased its holdings in Fresh Del Monte Produce by 19.1% in the fourth quarter. Bank of New York Mellon Corp now owns 699,598 shares of the company’s stock valued at $19,779,000 after purchasing an additional 112,377 shares during the period. Renaissance Technologies LLC increased its holdings in Fresh Del Monte Produce by 42.6% in the third quarter. Renaissance Technologies LLC now owns 555,600 shares of the company’s stock valued at $18,829,000 after purchasing an additional 165,900 shares during the period. Finally, Norges Bank acquired a new stake in Fresh Del Monte Produce in the fourth quarter valued at $11,443,000. Institutional investors own 60.62% of the company’s stock.
Shares of NYSE:FDP traded up $0.63 during trading on Friday, hitting $27.84. 444,837 shares of the company were exchanged, compared to its average volume of 229,289. The company has a market capitalization of $1.34 billion, a PE ratio of 58.56 and a beta of 0.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 1.94. Fresh Del Monte Produce has a 1-year low of $25.13 and a 1-year high of $52.43.
Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Tuesday, February 19th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.55). The company had revenue of $1.05 billion for the quarter. Fresh Del Monte Produce had a positive return on equity of 1.21% and a negative net margin of 0.49%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) EPS.
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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 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.
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