Marissa Tenazas Sells 1,969 Shares of Fresh Del Monte Produce (NYSE:FDP) Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Marissa Tenazas sold 1,969 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total value of $83,249.32. Following the sale, the senior vice president directly owned 6,428 shares of the company’s stock, valued at $271,775.84. This represents a 23.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Fresh Del Monte Produce Stock Up 0.2%

FDP stock opened at $42.57 on Friday. Fresh Del Monte Produce, Inc. has a twelve month low of $29.00 and a twelve month high of $43.58. 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’s 50 day moving average is $38.97 and its 200-day moving average is $36.84. The firm has a market capitalization of $2.02 billion, a PE ratio of 22.64 and a beta of 0.28.

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

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 4th will be paid a $0.30 dividend. 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 is presently 63.83%.

Institutional Trading of Fresh Del Monte Produce

Several hedge funds have recently made changes to their positions in FDP. Wasatch Advisors LP purchased a new position in shares of Fresh Del Monte Produce during the 2nd quarter valued at $44,011,000. LSV Asset Management raised its stake in Fresh Del Monte Produce by 148.3% in the 2nd quarter. LSV Asset Management now owns 1,439,958 shares of the company’s stock valued at $46,683,000 after acquiring an additional 859,940 shares during the period. Fisher Asset Management LLC purchased a new stake in Fresh Del Monte Produce during the fourth quarter valued at about $21,174,000. Millennium Management LLC boosted its position 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 purchasing an additional 562,356 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Fresh Del Monte Produce by 289.6% in the second quarter. First Trust Advisors LP now owns 243,686 shares of the company’s stock worth $7,900,000 after purchasing an additional 181,145 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce News Summary

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.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FDP. 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. Wall Street Zen upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One equities 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”.

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.