Fresh Del Monte Produce (NYSE:FDP) SVP Effie Silva Sells 1,072 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Effie Silva sold 1,072 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total transaction of $45,324.16. Following the completion of the transaction, the senior vice president owned 14,430 shares of the company’s stock, valued at $610,100.40. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Fresh Del Monte Produce Stock Down 1.2%

FDP stock traded down $0.50 during trading on Friday, reaching $42.01. The stock had a trading volume of 113,726 shares, compared to its average volume of 236,129. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $38.84 and a 200 day moving average price of $36.79. The company has a market capitalization of $1.99 billion, a P/E ratio of 22.37 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.

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 7.63% and a net margin of 2.10%.The business had revenue of $968.20 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The firm 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Fresh Del Monte Produce’s dividend payout ratio is presently 63.83%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note 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 report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Fresh Del Monte Produce currently has a consensus rating of “Buy”.

Institutional Trading of Fresh Del Monte Produce

Institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP bought a new position in shares of Fresh Del Monte Produce in the 2nd quarter worth about $44,011,000. LSV Asset Management raised its stake in Fresh Del Monte Produce by 148.3% during the second quarter. LSV Asset Management now owns 1,439,958 shares of the company’s stock worth $46,683,000 after acquiring an additional 859,940 shares during the period. Fisher Asset Management LLC bought a new position in Fresh Del Monte Produce in the fourth quarter worth about $21,174,000. Millennium Management LLC boosted its stake in 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 valued at $18,390,000 after acquiring an additional 562,356 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Fresh Del Monte Produce by 289.6% during the second quarter. First Trust Advisors LP now owns 243,686 shares of the company’s stock valued at $7,900,000 after purchasing an additional 181,145 shares during the last quarter. Institutional investors own 64.83% of the company’s stock.

Key Stories Impacting Fresh Del Monte Produce

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

• Positive Sentiment: Recent analyst upgrades (Weiss Ratings, WallStreetZen) have improved the consensus outlook and may attract buyer interest. MarketBeat: FDP analyst notes
• Positive Sentiment: Institutional buying has been reported (several asset managers increased or established positions), which supports medium‑term demand and liquidity for the stock. MarketBeat: institutional activity
• Neutral Sentiment: Q4 results were mixed: EPS beat comfortably ($0.70 vs $0.28 est.), but revenue missed expectations (~$968.2M vs ~$1.01B). Strong EPS helps margins/earnings sentiment; the revenue miss leaves questions on top‑line momentum. MarketBeat: earnings summary
• Neutral Sentiment: Coverage comparing Fresh Del Monte to peers (Pilgrim’s Pride) may affect relative valuation conversations but is not a company‑specific catalyst. Useful for context, not immediate driver. Read More.
• Negative Sentiment: Significant insider selling across March 3–4: multiple senior execs (COO, CFO and several SVPs) sold shares in clustered transactions. The volume and percentage reductions can spook traders and likely drove intraday selling pressure. Read More.
• Negative Sentiment: The company recently went ex‑dividend for a $0.30 quarterly payout (annualized $1.20, ~2.8–2.9% yield). Ex‑dividend and the record/ex dates often produce short‑term selling as holders rotate or harvest the payout. MarketBeat: dividend details

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.