Insider Selling: Fresh Del Monte Produce (NYSE:FDP) SVP Sells 818 Shares of Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Danny Dumas sold 818 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 value of $34,585.04. Following the completion of the transaction, the senior vice president owned 2,560 shares of the company’s stock, valued at $108,236.80. The trade was a 24.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Fresh Del Monte Produce Trading Down 0.4%

NYSE:FDP traded down $0.16 during mid-day trading on Thursday, reaching $42.51. The company’s stock had a trading volume of 241,002 shares, compared to its average volume of 239,191. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.16 and a quick ratio of 1.06. The stock has a market cap of $2.01 billion, a P/E ratio of 22.61 and a beta of 0.28. The company’s fifty day simple moving average is $38.70 and its two-hundred day simple moving average is $36.75. Fresh Del Monte Produce, Inc. has a twelve month low of $29.00 and a twelve month high of $43.58.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.28 by $0.42. The firm had revenue of $968.20 million during the quarter, compared to analyst estimates of $1.01 billion. Fresh Del Monte Produce had a net margin of 2.10% and a return on equity of 7.63%. Fresh Del Monte Produce’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share.

Fresh Del Monte Produce Announces Dividend

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

Hedge Funds Weigh In On Fresh Del Monte Produce

Several hedge funds and other institutional investors have recently bought and sold shares of FDP. Geneos Wealth Management Inc. grew its position in Fresh Del Monte Produce by 26.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,450 shares of the company’s stock valued at $52,000 after acquiring an additional 300 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Fresh Del Monte Produce by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 18,832 shares of the company’s stock worth $670,000 after purchasing an additional 302 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Fresh Del Monte Produce by 5.2% in the fourth quarter. HighTower Advisors LLC now owns 9,982 shares of the company’s stock valued at $356,000 after purchasing an additional 489 shares during the period. Outfitters Financial LLC grew its holdings in Fresh Del Monte Produce by 1.5% during the 4th quarter. Outfitters Financial LLC now owns 33,145 shares of the company’s stock valued at $1,181,000 after purchasing an additional 500 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Fresh Del Monte Produce by 0.7% during the 4th quarter. Russell Investments Group Ltd. now owns 71,447 shares of the company’s stock valued at $2,546,000 after purchasing an additional 514 shares in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDP has been the topic of several research analyst reports. Wall Street Zen raised 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 report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Fresh Del Monte Produce has a consensus rating of “Buy”.

Key Stories Impacting Fresh Del Monte Produce

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

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.