Ziad Nabulsi Sells 1,112 Shares of Fresh Del Monte Produce (NYSE:FDP) Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Ziad Nabulsi sold 1,112 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $42.50, for a total value of $47,260.00. Following the sale, the senior vice president directly owned 13,901 shares of the company’s stock, valued at $590,792.50. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, March 4th, Ziad Nabulsi sold 616 shares of Fresh Del Monte Produce stock. The shares were sold at an average price of $42.28, for a total value of $26,044.48.

Fresh Del Monte Produce Price Performance

Shares of FDP opened at $42.51 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.06 and a current ratio of 2.16. The firm has a market cap of $2.01 billion, a PE ratio of 22.61 and a beta of 0.28. The firm’s 50 day moving average price is $38.84 and its 200 day moving average price is $36.79. 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 announced 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. Fresh Del Monte Produce had a net margin of 2.10% and a return on equity of 7.63%. The company had revenue of $968.20 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.26 EPS. Fresh Del Monte Produce’s quarterly revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Fresh Del Monte Produce’s payout ratio is currently 63.83%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wasatch Advisors LP bought a new position in Fresh Del Monte Produce during the second quarter valued at about $44,011,000. LSV Asset Management raised its stake in shares of Fresh Del Monte Produce by 148.3% in the second quarter. LSV Asset Management now owns 1,439,958 shares of the company’s stock valued at $46,683,000 after purchasing an additional 859,940 shares in the last quarter. Fisher Asset Management LLC bought a new position in Fresh Del Monte Produce in the fourth quarter worth $21,174,000. Millennium Management LLC boosted its stake in Fresh Del Monte Produce by 1,647.2% during the first quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock worth $18,390,000 after buying an additional 562,356 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Fresh Del Monte Produce by 289.6% in the 2nd quarter. First Trust Advisors LP now owns 243,686 shares of the company’s stock valued at $7,900,000 after buying an additional 181,145 shares during the period. Institutional investors and hedge funds own 64.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FDP shares. Wall Street Zen upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a 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 research note 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 presently has a consensus rating of “Buy”.

Fresh Del Monte Produce News Roundup

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

• Positive Sentiment: Company reported a strong EPS beat for the quarter ($0.70 vs. $0.28 consensus) and improved year‑over‑year profitability, showing operating leverage in recent results. Read More.
• Positive Sentiment: Board declared a quarterly dividend of $0.30 (annualized $1.20, ~2.8% yield), payable March 27 with record date March 4 — supports income-seeking investors and raises baseline demand. Read More.
• Positive Sentiment: Recent analyst upgrades (Wall Street Zen, Weiss Ratings) moved sentiment toward “Buy,” which could support medium-term demand if upgrades attract new flows. Read More.
• Neutral Sentiment: Institutional ownership remains high (~65%), with several funds increasing positions; that provides stability but also means future trading can be driven by large holders’ rebalancing. Read More.
• Neutral Sentiment: Media comparison piece examines FDP versus Pilgrim’s Pride as alternative food stocks — useful context for relative valuation decisions but not an immediate catalyst. Read More.
• Negative Sentiment: Significant insider selling: several senior executives (COO Mohammed Abbas, CFO Monica Vicente and multiple SVPs) sold substantial blocks on March 3–4 at ~$42.3–42.5, reducing their individual holdings by mid-single to mid‑20% ranges — selling by management can be read as a near‑term negative signal to investors. Read More.

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.