Key Points
- COO Mohammed Abbas sold 3,458 shares on March 4 at an average price of $42.28 for about $146,204, trimming his holding by 5.46% to 59,930 shares.
- Significant insider selling by multiple senior executives across March 3–4 is the biggest near‑term negative and could pressure sentiment despite possible personal/liquidity reasons.
- Fresh Del Monte beat EPS expectations ($0.70 vs. $0.28) but missed revenue ($968.2M vs. ~$1.01B) and announced a $0.30 quarterly dividend (annualized $1.20, ~2.9% yield).
Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) SVP Ziad Nabulsi sold 616 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total transaction of $26,044.48. Following the completion of the sale, the senior vice president owned 15,792 shares of the company's stock, valued at approximately $667,685.76. The trade was a 3.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 transaction of $47,260.00.
Fresh Del Monte Produce Stock Performance
Shares of FDP stock traded down $0.50 during trading on Friday, hitting $42.01. The company's stock had a trading volume of 113,726 shares, compared to its average volume of 236,129. 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 company has a market cap of $1.99 billion, a PE ratio of 22.37 and a beta of 0.28. The business has a fifty day moving average of $38.84 and a 200-day moving average of $36.79. Fresh Del Monte Produce, Inc. has a 52 week low of $29.00 and a 52 week high of $43.58.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.42. The firm 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%.The business's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS.
Fresh Del Monte Produce Announces Dividend
The business also recently disclosed 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 annualized dividend and a yield of 2.9%. Fresh Del Monte Produce's payout ratio is currently 63.83%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on FDP. Wall Street Zen upgraded shares of Fresh Del Monte Produce from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Weiss Ratings raised Fresh Del Monte Produce from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Fresh Del Monte Produce has an average rating of "Buy".
Get Our Latest Stock Analysis on Fresh Del Monte Produce
Institutional Investors Weigh In On Fresh Del Monte Produce
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP bought a new position in shares of Fresh Del Monte Produce in the second quarter worth $44,011,000. LSV Asset Management grew its holdings in Fresh Del Monte Produce by 148.3% during the 2nd quarter. LSV Asset Management now owns 1,439,958 shares of the company's stock valued at $46,683,000 after buying an additional 859,940 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of Fresh Del Monte Produce during the fourth quarter valued at about $21,174,000. Millennium Management LLC lifted its holdings in shares of Fresh Del Monte Produce by 1,647.2% in 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 boosted its position 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 valued at $7,900,000 after acquiring an additional 181,145 shares during the period. Institutional investors own 64.83% of the company's stock.
Key Fresh Del Monte Produce News
Here are the key news stories impacting Fresh Del Monte Produce this week:
- Positive Sentiment: Recent analyst upgrades (Weiss Ratings, WallStreetZen) have improved the consensus outlook and may attract buyer interest. MarketBeat: FDP analyst notes
- Positive Sentiment: Institutional buying has been reported (several asset managers increased or established positions), which supports medium‑term demand and liquidity for the stock. MarketBeat: institutional activity
- Neutral Sentiment: Q4 results were mixed: EPS beat comfortably ($0.70 vs $0.28 est.), but revenue missed expectations (~$968.2M vs ~$1.01B). Strong EPS helps margins/earnings sentiment; the revenue miss leaves questions on top‑line momentum. MarketBeat: earnings summary
- Neutral Sentiment: Coverage comparing Fresh Del Monte to peers (Pilgrim’s Pride) may affect relative valuation conversations but is not a company‑specific catalyst. Useful for context, not immediate driver. Read More.
- Negative Sentiment: Significant insider selling across March 3–4: multiple senior execs (COO, CFO and several SVPs) sold shares in clustered transactions. The volume and percentage reductions can spook traders and likely drove intraday selling pressure. Read More.
- Negative Sentiment: The company recently went ex‑dividend for a $0.30 quarterly payout (annualized $1.20, ~2.8–2.9% yield). Ex‑dividend and the record/ex dates often produce short‑term selling as holders rotate or harvest the payout. MarketBeat: dividend details
Fresh Del Monte Produce Company Profile
(
Get Free Report)
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.
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