Insider Selling: Fresh Del Monte Produce (NYSE:FDP) SVP Sells $45,324.16 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Effie Silva sold 1,072 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total transaction of $45,324.16. Following the sale, the senior vice president directly owned 14,430 shares in the company, valued at approximately $610,100.40. This represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Fresh Del Monte Produce Trading Up 0.2%

Shares of Fresh Del Monte Produce stock opened at $42.57 on Friday. The firm’s 50 day simple moving average is $38.97 and its two-hundred day simple moving average is $36.84. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 22.64 and a beta of 0.28. Fresh Del Monte Produce, Inc. has a 12-month low of $29.00 and a 12-month high of $43.58. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.09.

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

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 63.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDP. Wasatch Advisors LP purchased a new stake in Fresh Del Monte Produce in the second quarter valued at $44,011,000. LSV Asset Management raised its stake in shares of Fresh Del Monte Produce by 148.3% during the 2nd quarter. LSV Asset Management now owns 1,439,958 shares of the company’s stock valued at $46,683,000 after buying an additional 859,940 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of Fresh Del Monte Produce during the 4th quarter valued at about $21,174,000. Millennium Management LLC lifted its holdings in shares of Fresh Del Monte Produce by 1,647.2% in the 1st quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock valued at $18,390,000 after buying an additional 562,356 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Fresh Del Monte Produce by 289.6% in the second quarter. First Trust Advisors LP now owns 243,686 shares of the company’s stock worth $7,900,000 after buying an additional 181,145 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Fresh Del Monte Produce

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.

Analysts Set New Price Targets

FDP has been the topic of several research analyst reports. Wall Street Zen upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings raised Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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.