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

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Ziad Nabulsi sold 616 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 15,792 shares in the company, valued at $667,685.76. This represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Stock Performance

FDP traded down $0.16 during trading on Thursday, hitting $42.51. 241,002 shares of the company traded hands, compared to its average volume of 239,191. 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 firm has a market cap of $2.01 billion, a P/E ratio of 22.61 and a beta of 0.28. Fresh Del Monte Produce, Inc. has a one year low of $29.00 and a one year high of $43.58. The stock’s fifty day moving average is $38.70 and its 200 day moving average is $36.75.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.42. The business had revenue of $968.20 million for 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 was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS.

Fresh Del Monte Produce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 4th will be issued 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 (DPR) is currently 63.83%.

Institutional Trading of Fresh Del Monte Produce

Several institutional investors and hedge funds have recently modified their holdings of FDP. Corient Private Wealth LLC boosted its stake in Fresh Del Monte Produce by 20.5% in the 4th quarter. Corient Private Wealth LLC now owns 9,527 shares of the company’s stock worth $339,000 after purchasing an additional 1,623 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Fresh Del Monte Produce during the 4th quarter valued at about $256,000. XTX Topco Ltd bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter valued at approximately $558,000. Virtus Investment Advisers LLC purchased a new position in Fresh Del Monte Produce during the fourth quarter worth $161,000. Finally, Millennium Management LLC lifted its stake in Fresh Del Monte Produce by 25.0% in the fourth quarter. Millennium Management LLC now owns 71,611 shares of the company’s stock worth $2,552,000 after purchasing an additional 14,335 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.

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

Analyst Ratings Changes

FDP has been the subject of a number of recent analyst reports. Wall Street Zen raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report 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, According to MarketBeat.com, the company currently has an average rating of “Buy”.

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.