Fresh Del Monte Produce (NYSE:FDP) shares hit a new 52-week high during mid-day trading on Friday , Marketbeat reports. The stock traded as high as $42.10 and last traded at $41.88, with a volume of 62,615 shares. The stock had previously closed at $40.88. The stock has a market cap of $2.18 billion and a P/E ratio of 17.99. The stock has a 50-day moving average of $39.60 and a 200 day moving average of $38.87.
Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.04. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The firm earned $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Fresh Del Monte Produce will post $2.37 EPS for the current year.
In related news, SVP Jose Antonio Yock sold 3,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.77, for a total value of $95,310.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bruce Alan Jordan sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $39.91, for a total transaction of $798,200.00. Following the completion of the sale, the senior vice president now directly owns 1,185 shares of the company’s stock, valued at $47,293.35. The disclosure for this sale can be found here.
Fresh Del Monte Produce Inc. is an exempted holding company. Through its subsidiaries, the Company is engaged in sourcing, transportation and marketing fresh and fresh-cut fruit and vegetables together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food. Other fresh produce includes pineapples, melons, non-tropical fruit, fresh-cut products, other fruit and vegetables, a third-party ocean freight business, and a plastic product and box manufacturing business. Prepared food includes prepared fruit and vegetables, juices, beverages, snacks, poultry and meat products. It sources its fresh produced products from Central and South America, Africa, the Philippines, North America and Europe. The Company sources its prepared food products from Africa, Europe and the Middle East. It markets its products across the world under the DEL MONTE brand.