Ziad Nabulsi Sells 616 Shares of Fresh Del Monte Produce (NYSE:FDP) Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Ziad Nabulsi sold 616 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total value of $26,044.48. Following the transaction, the senior vice president directly owned 15,792 shares of the company’s stock, valued at approximately $667,685.76. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ziad Nabulsi also recently made the following trade(s):

• On Tuesday, March 3rd, Ziad Nabulsi sold 1,112 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $42.50, for a total value of $47,260.00.

Fresh Del Monte Produce Trading Up 0.2%

Shares of Fresh Del Monte Produce stock opened at $42.57 on Friday. The business has a fifty day simple moving average of $38.97 and a 200-day simple moving average of $36.84. Fresh Del Monte Produce, Inc. has a fifty-two week low of $29.00 and a fifty-two week high of $43.58. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 22.64 and a beta of 0.28. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.09.

Fresh Del Monte Produce (NYSE:FDP) last released 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 firm 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. Fresh Del Monte Produce’s revenue was up .6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

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 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 dividend yield of 2.8%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 63.83%.

Analysts Set New Price Targets

Several 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 research note on Saturday, February 21st. 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. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Trending Headlines about Fresh Del Monte Produce

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.

Hedge Funds Weigh In On Fresh Del Monte Produce

A number of hedge funds and other institutional investors have recently modified their holdings of FDP. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 766 shares in the last quarter. Larson Financial Group LLC lifted its stake in Fresh Del Monte Produce by 1,488.5% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after buying an additional 908 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 valued at $35,000 after buying an additional 750 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Fresh Del Monte Produce in the fourth quarter worth about $39,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Fresh Del Monte Produce in the fourth quarter worth about $61,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Company 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.