Fresh Del Monte Produce SVP Paul Rice sells 5,000 shares
Fresh Del Monte Produce traded up 0.43% on Tuesday, hitting $30.11. The stock had a trading volume of 186,441 shares. Fresh Del Monte Produce has a one year low of $24.00 and a one year high of $31.19. The stock’s 50-day moving average is $30.09 and its 200-day moving average is $28.12. The company’s market cap is $1.671 billion.
Fresh Del Monte Produce last released its earnings data on Tuesday, July 29th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Fresh Del Monte Produce will post $2.43 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Friday, September 5th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.125 per share. This represents a yield of 1.67%. The ex-dividend date of this dividend is Monday, August 11th.
FDP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Fresh Del Monte Produce from an “outperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $32.60 price target on the stock. Analysts at TheStreet upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th.
Source: www.mideasttime.com
