Segall Bryant & Hamill LLC Buys New Stake in Fresh Del Monte Produce, Inc. $FDP

Segall Bryant & Hamill LLC bought a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP) during the 3rd quarter, Holdings Channel reports. The fund bought 15,172 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in shares of Fresh Del Monte Produce by 74.2% during the 3rd quarter. Royce & Associates LP now owns 29,725 shares of the company’s stock worth $1,032,000 after purchasing an additional 12,664 shares in the last quarter. American Century Companies Inc. lifted its position in Fresh Del Monte Produce by 9.5% in the third quarter. American Century Companies Inc. now owns 1,359,355 shares of the company’s stock worth $47,197,000 after purchasing an additional 117,567 shares during the period. Citigroup Inc. boosted its stake in Fresh Del Monte Produce by 13.1% during the third quarter. Citigroup Inc. now owns 59,685 shares of the company’s stock worth $2,072,000 after buying an additional 6,890 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Fresh Del Monte Produce in the 3rd quarter valued at $228,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Fresh Del Monte Produce by 8.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 152,044 shares of the company’s stock valued at $5,279,000 after buying an additional 11,604 shares in the last quarter. 64.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FDP has been the topic of a number of analyst reports. 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. Wall Street Zen upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently 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.

Insider Activity at Fresh Del Monte Produce

In related news, COO Mohammed Abbas sold 3,458 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total transaction of $146,204.24. Following the completion of the transaction, the chief operating officer directly owned 59,930 shares in the company, valued at approximately $2,533,840.40. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ziad Nabulsi sold 1,112 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $42.50, for a total transaction of $47,260.00. Following the completion of the sale, the senior vice president directly owned 13,901 shares in the company, valued at approximately $590,792.50. This represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,077 shares of company stock valued at $1,627,233 over the last ninety days. Company insiders own 31.60% of the company’s stock.

Fresh Del Monte Produce Price Performance

Fresh Del Monte Produce stock opened at $42.57 on Friday. The business’s 50-day simple moving average is $38.97 and its 200 day simple moving average is $36.84. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.09. The stock has a market cap 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 12-month low of $29.00 and a 12-month high of $43.58.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.26 EPS. Fresh Del Monte Produce’s quarterly revenue was up .6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 2.8%. Fresh Del Monte Produce’s dividend payout ratio is currently 63.83%.

Fresh Del Monte Produce 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.