Fresh Del Monte Produce (NYSE:FDP) CFO Sells $53,272.80 in Stock

Key Points

• CFO Monica Vicente sold 1,260 shares on March 4 at an average price of $42.28 for $53,272.80, cutting her stake to 21,227 shares (a 5.6% decrease).
• Quarterly results and dividend: Fresh Del Monte reported an EPS beat ($0.70 vs. $0.28) but revenue missed estimates ($968.2M vs. ~$1.01B) and declared a $0.30 quarterly dividend (annualized $1.20, ~2.8% yield).
• Insider selling vs. analyst upgrades: Several senior executives sold shares on March 3–4—potentially a near-term negative—while recent analyst upgrades (Weiss, Wall Street Zen) have moved the consensus toward a "Buy" rating.

Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) CFO Monica Vicente sold 1,260 shares of the business'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 $53,272.80. Following the transaction, the chief financial officer directly owned 21,227 shares in the company, valued at $897,477.56. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Monica Vicente also recently made the following trade(s):

• On Tuesday, March 3rd, Monica Vicente sold 349 shares of Fresh Del Monte Produce stock. The stock was sold at an average price of $42.50, for a total value of $14,832.50.

Fresh Del Monte Produce Trading Down 0.4%

NYSE:FDP traded down $0.16 during trading hours on Thursday, hitting $42.51. The company had a trading volume of 241,002 shares, compared to its average volume of 239,191. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.16 and a quick ratio of 1.06. The stock has a 50-day moving average price of $38.70 and a 200 day moving average price of $36.75. The company has a market capitalization of $2.01 billion, a PE ratio of 22.61 and a beta of 0.28. 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 posted its quarterly earnings data 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. The business had revenue of $968.20 million for the quarter, compared to analysts' expectations 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 was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 4th will be paid 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 yield of 2.8%. Fresh Del Monte Produce's payout ratio is presently 63.83%.

Analyst Ratings Changes

A number of research firms recently weighed in on FDP. Weiss Ratings raised Fresh Del Monte Produce from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. 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. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy".

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP bought a new position in Fresh Del Monte Produce in the 2nd quarter worth $44,011,000. LSV Asset Management grew its holdings in Fresh Del Monte Produce by 148.3% during 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 during the period. Fisher Asset Management LLC purchased a new stake in Fresh Del Monte Produce in the fourth quarter worth about $21,174,000. Millennium Management LLC grew its stake 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 acquiring an additional 562,356 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Fresh Del Monte Produce by 289.6% during the 2nd 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. Hedge funds and other institutional investors own 64.83% of the company's stock.

More Fresh Del Monte Produce News

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

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.

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