Outfitters Financial LLC Buys New Position in Fresh Del Monte Produce Inc $DMC

Outfitters Financial LLC bought a new stake in Fresh Del Monte Produce Inc (NYSE:DMC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,670 shares of the company’s stock, valued at approximately $912,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Fresh Del Monte Produce in a research report on Wednesday, August 5th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fresh Del Monte Produce currently has an average rating of “Hold”.

Fresh Del Monte Produce Stock Performance

NYSE DMC opened at $32.37 on Thursday. Fresh Del Monte Produce Inc has a 52-week low of $26.47 and a 52-week high of $43.58. The company has a current ratio of 2.23, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 45.60 and a beta of 0.25.

Fresh Del Monte Produce (NYSE:DMC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.72 EPS for the quarter. Fresh Del Monte Produce had a net margin of 0.79% and a return on equity of 6.43%. The business had revenue of $1.22 billion during the quarter.

Fresh Del Monte Produce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Wednesday, August 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, August 12th. Fresh Del Monte Produce’s payout ratio is currently 169.01%.

Insider Buying and Selling

In other news, COO Mohammed Abbas purchased 12,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, with a total value of $358,680.00. Following the acquisition, the chief operating officer directly owned 71,930 shares in the company, valued at approximately $2,149,987.70. The trade was a 20.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 30.60% of the stock is currently owned by company insiders.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared food products. Its portfolio includes bananas, pineapples, melons, avocados, berries and other fresh fruits, along with vegetables, fresh-cut produce, juices, snacks and prepared foods. The company sells products under the Del Monte brand and other brands, as well as through private-label and foodservice channels.

Fresh Del Monte manages activities across much of the agricultural supply chain, including growing, sourcing, packing, transporting, marketing and distributing produce.