Fresh Del Monte Produce Inc (FDP): Mohammad Abu-ghazaleh , Chairman and CEO of Fresh Del Monte Produce Inc sold 54,567 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $47.40 per share for a total value of $2,586,475.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Madeleine L Champion (director) sold 1,000 shares at $42.20 per share price.On Mar 2, 2016, Edward L Boykin (director) sold 1,639 shares at $41.00 per share price.Also, On Feb 29, 2016, Michael J Berthelot (director) sold 1,639 shares at $40.00 per share price.On Nov 23, 2015, Emanuel Lazopoulos (SVP, North America Sales) sold 5,285 shares at $44.75 per share price.
Fresh Del Monte Produce Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Fresh Del Monte Produce Inc which led to swings in the share price. The shares opened for trading at $47.7 and hit $48.2 on the upside , eventually ending the session at $48.2, with a gain of 1.24% or 0.59 points. The heightened volatility saw the trading volume jump to 4,76,334 shares. The 52-week high of the share price is $48.32 and the company has a market cap of $2,450 M . The 52-week low of the share price is at $36.07.
Company has been under the radar of several Street Analysts.Fresh Del Monte Produce Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $45 .The Rating was issued on May 4, 2016.
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.