Insider Selling: Fresh Del Monte Produce (NYSE:FDP) COO Sells $146,204.24 in Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) COO Mohammed Abbas sold 3,458 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total transaction of $146,204.24. Following the transaction, the chief operating officer owned 59,930 shares in the company, valued at approximately $2,533,840.40. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mohammed Abbas also recently made the following trade(s):

• On Tuesday, March 3rd, Mohammed Abbas sold 1,580 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $42.50, for a total transaction of $67,150.00.

Fresh Del Monte Produce Price Performance

Shares of FDP opened at $42.57 on Friday. The firm has a market cap of $2.02 billion, a PE ratio of 22.64 and a beta of 0.28. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $38.97 and a two-hundred day simple moving average of $36.84. Fresh Del Monte Produce, Inc. has a 1-year low of $29.00 and a 1-year high of $43.58.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.26 EPS. The company’s revenue was up .6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 4th will be issued 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 yield of 2.8%. Fresh Del Monte Produce’s dividend payout ratio is currently 63.83%.

Analyst Upgrades and Downgrades

Several equities research analysts have 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 report on Saturday, February 21st. Weiss Ratings raised shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Hedge Funds Weigh In On Fresh Del Monte Produce

A number of institutional investors have recently bought and sold shares of FDP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Fresh Del Monte Produce by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,090 shares of the company’s stock worth $619,000 after buying an additional 879 shares in the last quarter. Millennium Management LLC lifted its position in shares of Fresh Del Monte Produce by 1,647.2% during the 1st quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock valued at $18,390,000 after buying an additional 562,356 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fresh Del Monte Produce by 10.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,910 shares of the company’s stock valued at $2,926,000 after acquiring an additional 9,202 shares during the period. Jane Street Group LLC grew its stake in shares of Fresh Del Monte Produce by 2,889.0% during the 1st quarter. Jane Street Group LLC now owns 122,716 shares of the company’s stock valued at $3,783,000 after acquiring an additional 127,116 shares during the period. Finally, Corton Capital Inc. purchased a new stake in Fresh Del Monte Produce in the 2nd quarter worth approximately $203,000. 64.83% of the stock is owned by institutional investors.

Key Headlines Impacting 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.

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.