Fresh Del Monte Produce (NYSE:FDP) SVP Danny Dumas Sells 818 Shares

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Danny Dumas sold 818 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total transaction of $34,585.04. Following the sale, the senior vice president directly owned 2,560 shares in the company, valued at approximately $108,236.80. This represents a 24.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fresh Del Monte Produce Price Performance

Fresh Del Monte Produce stock traded down $0.16 during mid-day trading on Thursday, reaching $42.51. The company had a trading volume of 241,002 shares, compared to its average volume of 239,191. The stock’s 50-day simple moving average is $38.70 and its 200-day simple moving average is $36.75. Fresh Del Monte Produce, Inc. has a 1 year low of $29.00 and a 1 year high of $43.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.16 and a quick ratio of 1.06. The company has a market capitalization of $2.01 billion, a P/E ratio of 22.61 and a beta of 0.28.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.42. The business had revenue of $968.20 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS.

Fresh Del Monte Produce Announces Dividend

The company 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 $0.30 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 63.83%.

Institutional Investors Weigh In On Fresh Del Monte Produce

Several hedge funds have recently modified their holdings of FDP. Geneos Wealth Management Inc. raised its position in shares of Fresh Del Monte Produce by 26.1% in the fourth 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 during the last quarter. State of Alaska Department of Revenue boosted its position 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 during the last quarter. HighTower Advisors LLC grew its stake in Fresh Del Monte Produce by 5.2% in the 4th quarter. HighTower Advisors LLC now owns 9,982 shares of the company’s stock worth $356,000 after acquiring an additional 489 shares during the period. Outfitters Financial LLC raised its holdings in Fresh Del Monte Produce by 1.5% in the 4th 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 last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Fresh Del Monte Produce by 0.7% in the 4th quarter. Russell Investments Group Ltd. now owns 71,447 shares of the company’s stock valued at $2,546,000 after acquiring an additional 514 shares during the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. 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 upgraded shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Fresh Del Monte Produce News Summary

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

• Positive Sentiment: Company declared a quarterly dividend of $0.30 per share (annualized $1.20, ~2.8% yield) with record/ex-dividend dates in early March — supports income-oriented holders and provides a near-term cash return to shareholders. Dividend & company update
• Positive Sentiment: Recent analyst moves have turned more favorable (Wall Street Zen and Weiss Ratings upgraded FDP to Buy), which can support demand from retail and institutional buyers. Analyst upgrades
• Neutral Sentiment: Quarterly results: EPS materially beat consensus ($0.70 vs. $0.28) but revenue slightly missed estimates ($968.2M vs. ~$1.01B). The EPS beat is positive for profitability metrics, but the revenue shortfall and modest year-over-year growth make the release a mixed signal. Earnings summary
• Neutral Sentiment: Institutional ownership remains high (roughly 65%) with several large funds reported adding to or trimming positions in recent quarters — signals steady professional interest but not an immediate directional catalyst. Institutional holdings
• Negative Sentiment: Significant insider selling reported across multiple senior executives (COO, CFO and several SVPs) on March 3–4 — sizable transactions include thousands of shares sold at ~\$42.28–\$42.50 and notable percentage reductions in some officers’ holdings. Heavy insider selling can signal caution from management or simply portfolio diversification/liquidity needs, but markets often view clustered officer sales as a near-term negative. Insider selling report

Fresh Del Monte Produce Company Profile

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.