Insider Selling: Fresh Del Monte Produce (NYSE:FDP) SVP Sells 1,969 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Marissa Tenazas sold 1,969 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total transaction of $83,249.32. Following the completion of the sale, the senior vice president owned 6,428 shares in the company, valued at $271,775.84. This represents a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fresh Del Monte Produce Price Performance

Shares of FDP traded down $0.16 during mid-day trading on Thursday, reaching $42.51. 241,002 shares of the stock traded hands, compared to its average volume of 239,191. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 22.61 and a beta of 0.28. Fresh Del Monte Produce, Inc. has a 1 year low of $29.00 and a 1 year high of $43.58. The firm has a fifty day moving average price of $38.70 and a 200 day moving average price of $36.75. 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 return on equity of 7.63% and a net margin of 2.10%.The company had revenue of $968.20 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FDP. 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. Wall Street Zen raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Hedge Funds Weigh In On Fresh Del Monte Produce

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Fresh Del Monte Produce by 390.8% in the second quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock worth $31,000 after purchasing an additional 766 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of 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 buying an additional 908 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Fresh Del Monte Produce by 238.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after acquiring an additional 750 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter valued at about $39,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Fresh Del Monte Produce during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

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

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.