Fresh Del Monte Produce (NYSE:FDP) SVP Ziad Nabulsi Sells 616 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Ziad Nabulsi sold 616 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total transaction of $26,044.48. Following the completion of the sale, the senior vice president owned 15,792 shares in the company, valued at $667,685.76. This represents a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 Price Performance

FDP traded down $0.50 on Friday, reaching $42.01. The stock had a trading volume of 113,726 shares, compared to its average volume of 236,129. The firm has a 50-day moving average of $38.84 and a 200-day moving average of $36.79. Fresh Del Monte Produce, Inc. has a fifty-two week low of $29.00 and a fifty-two week high of $43.58. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 22.37 and a beta of 0.28. 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 issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.42. Fresh Del Monte Produce had a net margin of 2.10% and a return on equity of 7.63%. The business had revenue of $968.20 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.26 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, March 4th. Fresh Del Monte Produce’s payout ratio is 63.83%.

More Fresh Del Monte Produce News

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

• Positive Sentiment: Recent analyst upgrades (Weiss Ratings, WallStreetZen) have improved the consensus outlook and may attract buyer interest. MarketBeat: FDP analyst notes
• Positive Sentiment: Institutional buying has been reported (several asset managers increased or established positions), which supports medium‑term demand and liquidity for the stock. MarketBeat: institutional activity
• Neutral Sentiment: Q4 results were mixed: EPS beat comfortably ($0.70 vs $0.28 est.), but revenue missed expectations (~$968.2M vs ~$1.01B). Strong EPS helps margins/earnings sentiment; the revenue miss leaves questions on top‑line momentum. MarketBeat: earnings summary
• Neutral Sentiment: Coverage comparing Fresh Del Monte to peers (Pilgrim’s Pride) may affect relative valuation conversations but is not a company‑specific catalyst. Useful for context, not immediate driver. Read More.
• Negative Sentiment: Significant insider selling across March 3–4: multiple senior execs (COO, CFO and several SVPs) sold shares in clustered transactions. The volume and percentage reductions can spook traders and likely drove intraday selling pressure. Read More.
• Negative Sentiment: The company recently went ex‑dividend for a $0.30 quarterly payout (annualized $1.20, ~2.8–2.9% yield). Ex‑dividend and the record/ex dates often produce short‑term selling as holders rotate or harvest the payout. MarketBeat: dividend details

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Fresh Del Monte Produce

A number of large investors have recently modified their holdings of the company. Wasatch Advisors LP lifted its stake in shares of Fresh Del Monte Produce by 41.1% in the third quarter. Wasatch Advisors LP now owns 1,915,156 shares of the company’s stock valued at $66,494,000 after buying an additional 557,638 shares in the last quarter. LSV Asset Management increased its position in shares of Fresh Del Monte Produce by 0.6% during the fourth quarter. LSV Asset Management now owns 1,741,494 shares of the company’s stock worth $62,049,000 after acquiring an additional 10,246 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Fresh Del Monte Produce by 9.5% in the 3rd quarter. American Century Companies Inc. now owns 1,359,355 shares of the company’s stock worth $47,197,000 after acquiring an additional 117,567 shares during the last quarter. State Street Corp lifted its position in Fresh Del Monte Produce by 0.7% in the 4th quarter. State Street Corp now owns 1,336,786 shares of the company’s stock valued at $47,630,000 after acquiring an additional 9,933 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Fresh Del Monte Produce by 19.2% during the 3rd quarter. Invesco Ltd. now owns 931,653 shares of the company’s stock valued at $32,347,000 after purchasing an additional 150,092 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.

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.