Insider Selling: Fresh Del Monte Produce (NYSE:FDP) SVP Sells $83,249.32 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Marissa Tenazas sold 1,969 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total value of $83,249.32. Following the completion of the transaction, the senior vice president owned 6,428 shares of the company’s stock, valued at $271,775.84. The trade was a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Fresh Del Monte Produce Price Performance

Shares of Fresh Del Monte Produce stock opened at $42.57 on Friday. The firm has a market capitalization of $2.02 billion, a PE ratio of 22.64 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, Inc. has a 12 month low of $29.00 and a 12 month high of $43.58. The business’s 50-day moving average price is $38.97 and its 200-day moving average price is $36.84.

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, topping analysts’ consensus estimates of $0.28 by $0.42. The company had revenue of $968.20 million during the quarter, compared to the consensus estimate of $1.01 billion. Fresh Del Monte Produce had a return on equity of 7.63% and a net margin of 2.10%.Fresh Del Monte Produce’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Fresh Del Monte Produce Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings raised shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Key Fresh Del Monte Produce News

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 hedge funds and other institutional investors have recently bought and sold shares of FDP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Fresh Del Monte Produce by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,090 shares of the company’s stock valued at $619,000 after purchasing an additional 879 shares during the period. Millennium Management LLC increased its stake in shares of Fresh Del Monte Produce by 1,647.2% in the first quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock worth $18,390,000 after buying an additional 562,356 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Fresh Del Monte Produce by 10.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,910 shares of the company’s stock worth $2,926,000 after buying an additional 9,202 shares during the period. Jane Street Group LLC raised its holdings in Fresh Del Monte Produce by 2,889.0% during the 1st quarter. Jane Street Group LLC now owns 122,716 shares of the company’s stock valued at $3,783,000 after buying an additional 127,116 shares during the last quarter. Finally, Corton Capital Inc. bought a new stake in Fresh Del Monte Produce during the 2nd quarter valued at $203,000. Institutional investors own 64.83% of the company’s stock.

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.