Fresh Del Monte Produce (NYSE:FDP) Sets New 12-Month High - Here's What Happened

Fresh Del Monte Produce Inc. (NYSE:FDP - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $33.61 and last traded at $33.06, with a volume of 82153 shares trading hands. The stock had previously closed at $29.09.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Fresh Del Monte Produce from a "hold" rating to a "buy" rating in a report on Monday, August 5th.

Fresh Del Monte Produce Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 1.07. The company has a 50 day moving average price of $29.10 and a 200 day moving average price of $25.82. The firm has a market cap of $1.54 billion, a PE ratio of -84.50 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.30. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $989.45 million. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. Fresh Del Monte Produce's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS.

Insider Transactions at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, Director Mary Ann Cloyd sold 1,689 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $27.20, for a total value of $45,940.80. Following the completion of the transaction, the director now owns 22,188 shares in the company, valued at approximately $603,513.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Reyes Jorge Pelaez sold 5,417 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Ann Cloyd sold 1,689 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $27.20, for a total value of $45,940.80. Following the completion of the transaction, the director now directly owns 22,188 shares of the company's stock, valued at $603,513.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,915 shares of company stock valued at $301,603. Corporate insiders own 30.10% of the company's stock.

Institutional Trading of Fresh Del Monte Produce

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Fresh Del Monte Produce by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company's stock valued at $119,194,000 after acquiring an additional 143,363 shares during the last quarter. American Century Companies Inc. grew its position in shares of Fresh Del Monte Produce by 29.8% in the second quarter. American Century Companies Inc. now owns 681,344 shares of the company's stock valued at $14,887,000 after purchasing an additional 156,344 shares during the last quarter. Millennium Management LLC increased its stake in shares of Fresh Del Monte Produce by 17.5% during the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company's stock worth $13,906,000 after purchasing an additional 94,854 shares in the last quarter. Invenomic Capital Management LP raised its position in shares of Fresh Del Monte Produce by 11.8% during the 1st quarter. Invenomic Capital Management LP now owns 385,584 shares of the company's stock worth $9,990,000 after purchasing an additional 40,609 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Fresh Del Monte Produce by 31.4% during the 2nd quarter. LSV Asset Management now owns 370,095 shares of the company's stock worth $8,087,000 after purchasing an additional 88,498 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company's stock.

About Fresh Del Monte Produce

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.