Mohammed Abbas Buys 12,000 Shares of Fresh Del Monte Produce (NYSE:DMC) Stock

Fresh Del Monte Produce Inc (NYSE:DMC) COO Mohammed Abbas bought 12,000 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, with a total value of $358,680.00. Following the completion of the purchase, the chief operating officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fresh Del Monte Produce Price Performance

DMC stock opened at $30.75 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.23 and a quick ratio of 1.04. The company has a market cap of $1.45 billion, a PE ratio of 10.91 and a beta of 0.25. Fresh Del Monte Produce Inc has a twelve month low of $26.47 and a twelve month high of $43.58.

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

Fresh Del Monte Produce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Wednesday, August 12th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. Fresh Del Monte Produce’s payout ratio is presently 169.01%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Fresh Del Monte Produce in a research report on Wednesday. They set a “hold (c)” rating on the stock. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

About Fresh Del Monte Produce

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.