Fresh Del Monte Produce (NYSE:FDP) Sets New 52-Week High After Dividend Announcement

Fresh Del Monte Produce, Inc. (NYSE:FDP)’s stock price reached a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as $40.97 and last traded at $40.88, with a volume of 9514 shares trading hands. The stock had previously closed at $39.88.

The newly announced dividend which will be paid on Friday, March 27th. Investors of record on Wednesday, March 4th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Fresh Del Monte Produce’s payout ratio is presently 73.62%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Fresh Del Monte Produce Price Performance

The company’s 50-day simple moving average is $37.75 and its 200 day simple moving average is $36.33. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 26.09 and a beta of 0.30.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.42. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.The firm had revenue of $968.20 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was up .6% on a year-over-year basis.

More Fresh Del Monte Produce News

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

• Positive Sentiment: Q4 EPS sharply beat expectations — FDP reported $0.70 EPS vs. the $0.28 consensus, a large upside that investors rewarded. BusinessWire: Q4 and FY2025 Results
• Positive Sentiment: Company declared a quarterly dividend of $0.30/share (record March 4, payable March 27), supporting the income profile and yield (~2.8%). MarketBeat: Earnings & Dividend Details
• Positive Sentiment: Sales growth momentum in some categories/regions was highlighted on the call and in press coverage, supporting top-line durability. Yahoo Finance: Q4 Call Highlights
• Neutral Sentiment: Revenue missed consensus — $968.2M vs. ~$1.01B expected (revenue +0.6% YoY). That keeps attention on volume/mix and pricing rather than headline growth. Benzinga: Earnings Summary
• Neutral Sentiment: Rumors and commentary about a potential “major acquisition” are circulating — could be transformative if executed well, but timing/terms remain uncertain. Watch for formal announcements and financing details. Investing.com: Acquisition Talk
• Negative Sentiment: Management adopted a cautious growth tone on the earnings call — investors may be cautious until clearer guidance or deal specifics emerge; margins remain modest (net margin ~1.8%). TipRanks: Cautious Growth After Call
• Neutral Sentiment: Full earnings call transcript and slide deck are available for deeper review — useful for investors evaluating segment-level trends and margin drivers. Seeking Alpha: Call Transcript

Insider Buying and Selling

In other news, CEO Ghazaleh Mohammad Abu sold 28,558 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $38.42, for a total value of $1,097,198.36. Following the sale, the chief executive officer owned 4,962,224 shares in the company, valued at approximately $190,648,646.08. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 31.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Fresh Del Monte Produce

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Fresh Del Monte Produce by 390.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock worth $31,000 after acquiring an additional 766 shares during the period. Larson Financial Group LLC lifted its position in Fresh Del Monte Produce by 1,488.5% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 908 shares during the period. Geneos Wealth Management Inc. boosted its stake in Fresh Del Monte Produce by 238.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock worth $35,000 after buying an additional 750 shares in the last quarter. Leonteq Securities AG acquired a new position in Fresh Del Monte Produce in the fourth quarter worth about $39,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Fresh Del Monte Produce in the fourth quarter worth about $61,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

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.