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Mohammad Abu-Ghazaleh, Chairman and CEO of Fresh Del Monte Produce Inc (NYSE:FDP), a $1.73 billion market cap company with a solid dividend yield of 3.32%, sold 39,130 ordinary shares of the company on August 4, 2025, for a total of $1.45 million.
The shares were sold at a weighted average price of $37.22, with individual prices ranging from $37.00 to $37.67. Following the transaction, Abu-Ghazaleh directly owns 5,093,911 ordinary shares and indirectly owns 20,000 shares held by spouse. InvestingPro analysis shows the company trading at an attractive P/E ratio of 11.5x while maintaining a 16-year track record of consistent dividend payments.
The filing also noted that Abu-Ghazaleh holds derivative securities including Dividend Equivalent Units, Restricted Stock Units, and Performance Stock Units. According to InvestingPro’s comprehensive analysis, Fresh Del Monte currently shows signs of being undervalued, with a ’GOOD’ overall financial health score. For detailed insights and additional ProTips, investors can access the full Pro Research Report available on InvestingPro.
In other recent news, Fresh Del Monte Produce Inc. reported strong second-quarter earnings that exceeded analyst expectations. The company achieved an adjusted earnings per share of $1.23, surpassing estimates by $0.28. Revenue also outperformed projections, reaching $1.18 billion compared to the anticipated $1.16 billion. This growth was driven by the success of their specialty pineapples, contributing to the company’s profit increase. These developments highlight Fresh Del Monte’s ability to exceed financial targets. The positive earnings report reflects a significant achievement for the company. Investors may view these results as a strong performance indicator.
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