Insider Selling: Fresh Del Monte Produce (NYSE:FDP) COO Sells $67,150.00 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) COO Mohammed Abbas sold 1,580 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $42.50, for a total transaction of $67,150.00. Following the completion of the transaction, the chief operating officer owned 54,663 shares of the company’s stock, valued at $2,323,177.50. This represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, March 4th, Mohammed Abbas sold 3,458 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $42.28, for a total transaction of $146,204.24.

Fresh Del Monte Produce Stock Up 0.2%

FDP stock opened at $42.57 on Friday. The firm’s 50-day moving average is $38.97 and its two-hundred day moving average is $36.84. The company 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 52 week low of $29.00 and a 52 week 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on FDP shares. Wall Street Zen raised 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 research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Fresh Del Monte Produce presently has an average rating of “Buy”.

Fresh Del Monte Produce News Roundup

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.

Institutional Trading of Fresh Del Monte Produce

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDP. Corient Private Wealth LLC grew its position in Fresh Del Monte Produce by 20.5% in the fourth quarter. Corient Private Wealth LLC now owns 9,527 shares of the company’s stock worth $339,000 after buying an additional 1,623 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Fresh Del Monte Produce in the fourth quarter valued at $256,000. XTX Topco Ltd acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter valued at $558,000. Virtus Investment Advisers LLC acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter valued at $161,000. Finally, Millennium Management LLC boosted its stake in shares of Fresh Del Monte Produce by 25.0% during the 4th quarter. Millennium Management LLC now owns 71,611 shares of the company’s stock worth $2,552,000 after acquiring an additional 14,335 shares in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

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.