Fresh Del Monte Produce (NYSE:FDP) COO Mohammed Abbas Sells 3,458 Shares

Fresh Del Monte Produce, Inc. (NYSE:FDP) COO Mohammed Abbas sold 3,458 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total value of $146,204.24. Following the completion of the transaction, the chief operating officer owned 59,930 shares of the company’s stock, valued at $2,533,840.40. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mohammed Abbas also recently made the following trade(s):

• On Tuesday, March 3rd, Mohammed Abbas sold 1,580 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $42.50, for a total transaction of $67,150.00.

Fresh Del Monte Produce Stock Performance

FDP traded down $0.51 during trading on Friday, hitting $42.00. 88,740 shares of the company traded hands, compared to its average volume of 235,643. Fresh Del Monte Produce, Inc. has a one year low of $29.00 and a one year high of $43.58. The stock’s fifty day moving average is $38.84 and its 200 day moving average is $36.79. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.99 billion, a P/E ratio of 22.27 and a beta of 0.28.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.42. The firm 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 company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS.

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, March 4th. Fresh Del Monte Produce’s payout ratio is currently 63.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FDP shares. Wall Street Zen upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Fresh Del Monte Produce

Several institutional investors and hedge funds have recently made changes to their positions in FDP. Navellier & Associates Inc. purchased a new position in shares of Fresh Del Monte Produce in the third quarter worth about $2,864,000. Alps Advisors Inc. bought a new position in Fresh Del Monte Produce during the 3rd quarter worth approximately $836,000. SG Americas Securities LLC purchased a new position in Fresh Del Monte Produce in the 2nd quarter worth approximately $261,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Fresh Del Monte Produce in the third quarter valued at approximately $2,263,000. Finally, LSV Asset Management lifted its position in Fresh Del Monte Produce by 148.3% in the second quarter. LSV Asset Management now owns 1,439,958 shares of the company’s stock valued at $46,683,000 after purchasing an additional 859,940 shares during the last quarter. Institutional investors own 64.83% of the company’s stock.

More Fresh Del Monte Produce News

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

• Positive Sentiment: Analyst upgrades and positive ratings that surfaced in late February (WallStreetZen, Weiss) lend support to the stock by improving the consensus outlook. MarketBeat: FDP analyst notes
• Positive Sentiment: Institutional investors have been increasing positions (Wasatch, LSV, American Century, Invesco, State Street are cited as adding shares), which is a bullish signal for medium‑term demand. MarketBeat: institutional activity
• Neutral Sentiment: Quarterly results were mixed: EPS beat comfortably ($0.70 vs $0.28 est.), but revenue missed consensus ($968.2M vs ~$1.01B). EPS strength can support the stock, while the revenue shortfall leaves questions on top‑line momentum. MarketBeat: earnings summary
• Neutral Sentiment: Coverage piece comparing Fresh Del Monte to Pilgrim’s Pride may draw investor attention but is not a company-specific catalyst; it’s useful context for relative valuation and sector positioning. AAII: comparison article
• Negative Sentiment: Significant insider selling by multiple senior executives (COO Mohammed Abbas, CFO Monica Vicente and several SVPs including Effie Silva, Ziad Nabulsi, Marissa Tenazas and Danny Dumas) across March 3–4 represents the biggest near‑term negative. The volume of sales and percentage reductions in holdings can spook investors even if sales are for personal/liquidity reasons. InsiderTrades: consolidated insider sale alert
• Negative Sentiment: The stock recently went ex‑dividend (record/ex dates noted) for a $0.30 quarterly payout — dividend distributions and the ex‑date can create short‑term selling pressure as holders rotate or harvest the dividend. MarketBeat: dividend details

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.