Japan records surprise trade deficit in July as exports weaken further
Mohammad Abu-Ghazaleh, Chairman and CEO of FRESH DEL MONTE PRODUCE INC (NYSE:FDP), sold 50,000 shares of company stock on August 6, 2025. The shares were sold at a weighted average price of $35.9199, resulting in a total transaction value of $1,795,995. The prices for these shares ranged from $35.345 to $36.21. According to InvestingPro data, FDP trades at an attractive P/E ratio of 11.4x and has shown strong momentum with a 34% return over the past year.
Following the transaction, Abu-Ghazaleh directly owns 4,990,782 ordinary shares of Fresh Del Monte Produce. Additionally, his spouse holds 20,000 shares indirectly. The company maintains strong financial health with a current ratio of 2.08, indicating solid liquidity, and operates with a moderate debt-to-equity ratio of 0.18.
Abu-Ghazaleh also holds derivative securities, including Dividend Equivalent Units, Restricted Stock Units, and Performance Stock Units, representing rights to acquire ordinary shares of Fresh Del Monte Produce. The company has maintained dividend payments for 16 consecutive years, with a current yield of 3.35%. For deeper insights into FDP’s valuation and financial metrics, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Fresh Del Monte Produce Inc . reported second-quarter earnings that significantly exceeded analyst expectations. The company achieved an adjusted earnings per share of $1.23, surpassing estimates by $0.28. Revenue for the quarter reached $1.18 billion, which was higher than the anticipated $1.16 billion consensus. These results were driven by strong performance in specialty pineapples, contributing to profit growth. Additionally, Fresh Del Monte announced a new joint venture with Colombia-based Managro Group. This partnership aims to expand an avocado and lime packing facility in Colombia, enhancing the company’s supply chain for North American and European markets. The venture supports Fresh Del Monte’s strategy to diversify its sourcing operations and strengthen its presence in Colombia.
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