Insider Selling: Fresh Del Monte Produce (NYSE:FDP) SVP Sells $26,044.48 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Ziad Nabulsi sold 616 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total value of $26,044.48. Following the transaction, the senior vice president directly owned 15,792 shares in the company, valued at approximately $667,685.76. This represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ziad Nabulsi also recently made the following trade(s):

• On Tuesday, March 3rd, Ziad Nabulsi sold 1,112 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $42.50, for a total value of $47,260.00.

Fresh Del Monte Produce Trading Up 0.2%

Shares of FDP opened at $42.57 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.09. Fresh Del Monte Produce, Inc. has a 12-month low of $29.00 and a 12-month high of $43.58. The firm has a market capitalization of $2.02 billion, a PE ratio of 22.64 and a beta of 0.28. The stock’s fifty day simple moving average is $38.97 and its 200-day simple moving average is $36.84.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.42. The firm had revenue of $968.20 million during the quarter, compared to analyst estimates of $1.01 billion. Fresh Del Monte Produce had a return on equity of 7.63% and a net margin of 2.10%.The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Fresh Del Monte Produce’s payout ratio is currently 63.83%.

Institutional Trading of Fresh Del Monte Produce

A number of large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Fresh Del Monte Produce by 26.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,450 shares of the company’s stock valued at $52,000 after buying an additional 300 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Fresh Del Monte Produce by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 18,832 shares of the company’s stock worth $670,000 after acquiring an additional 302 shares in the last quarter. HighTower Advisors LLC grew its stake in Fresh Del Monte Produce by 5.2% in the fourth quarter. HighTower Advisors LLC now owns 9,982 shares of the company’s stock valued at $356,000 after acquiring an additional 489 shares during the period. Outfitters Financial LLC grew its stake in Fresh Del Monte Produce by 1.5% in the fourth quarter. Outfitters Financial LLC now owns 33,145 shares of the company’s stock valued at $1,181,000 after acquiring an additional 500 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Fresh Del Monte Produce by 0.7% in the fourth quarter. Russell Investments Group Ltd. now owns 71,447 shares of the company’s stock worth $2,546,000 after acquiring an additional 514 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FDP. Wall Street Zen upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings raised shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

More Fresh Del Monte Produce News

Here are the key news stories impacting Fresh Del Monte Produce this week:

• Positive Sentiment: Analyst upgrades have lifted sentiment — WallStreetZen and Weiss Ratings moved FDP toward “buy,” which can attract buyer interest and support the share price. Read More.
• Positive Sentiment: Institutional buying reported (several asset managers increased or established positions), which supports medium‑term demand/liquidity for the stock. Read More.
• Neutral Sentiment: Q4 results were mixed: EPS beat comfortably ($0.70 vs. $0.28 est.), which is positive for earnings momentum, but revenue missed (~$968.2M vs. ~$1.01B), leaving top‑line growth questions. Watch guidance and next quarter revenue trends. Read More.
• Neutral Sentiment: Comparative coverage (Fresh Del Monte vs. Pilgrim’s Pride) may shift valuation conversations among sector investors but is not an immediate company‑specific catalyst. Read More.
• Negative Sentiment: Clustered insider selling across March 3–4: multiple senior executives (COO, CFO and several SVPs) sold shares in closely timed Form 4 filings. The concentrated nature and size of sales likely created intraday selling pressure and can spook short‑term traders. Read More.
• Negative Sentiment: The stock recently went ex‑dividend ($0.30 quarterly, $1.20 annualized, ~2.8–2.9% yield); ex‑dividend and record/ex dates commonly trigger short‑term selling as some holders rotate or capture the payout. Read More.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.