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

Fresh Del Monte Produce Inc (NYSE:DMC) COO Mohammed Abbas acquired 12,000 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $358,680.00. Following the completion of the transaction, the chief operating officer directly owned 71,930 shares of the company’s stock, valued at $2,149,987.70. This trade represents a 20.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fresh Del Monte Produce Stock Performance

Fresh Del Monte Produce Inc has a 52-week low of $26.47 and a 52-week high of $43.58. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 10.86 and a beta of 0.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 2.23.

Wall Street Analyst Weigh In

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