Insider Selling: Fresh Del Monte Produce (NYSE:FDP) SVP Sells 1,969 Shares of Stock

Key Points

• Insider sale: SVP Marissa Tenazas sold 1,969 shares on March 4 at an average price of $42.28 for about $83,249, cutting her holding by 23.45% to 6,428 shares, with the transaction disclosed in an SEC filing.
• Clustered insider selling: Multiple senior executives (COO, CFO and several SVPs) reported sizable sales on March 3–4, a pattern markets often view as a near‑term negative signal.
• Mixed operating and shareholder signals: Q4 EPS beat the street ($0.70 vs. $0.28) while revenue slightly missed, and the company announced a $0.30 quarterly dividend (annualized $1.20, ~2.8% yield) amid recent analyst upgrades to Buy.

Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) SVP Marissa Tenazas sold 1,969 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.28, for a total transaction of $83,249.32. Following the completion of the sale, the senior vice president owned 6,428 shares of the company's stock, valued at approximately $271,775.84. This trade represents a 23.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Fresh Del Monte Produce Stock Performance

Shares of NYSE FDP traded down $0.16 during midday trading on Thursday, reaching $42.51. The company's stock had a trading volume of 241,002 shares, compared to its average volume of 239,191. The stock has a market capitalization of $2.01 billion, a P/E ratio of 22.61 and a beta of 0.28. 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 firm has a 50 day moving average price of $38.70 and a 200-day moving average price of $36.75. Fresh Del Monte Produce, Inc. has a 12-month low of $29.00 and a 12-month high of $43.58.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.42. The business had revenue of $968.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share.

Fresh Del Monte Produce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, March 4th. Fresh Del Monte Produce's payout ratio is presently 63.83%.

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

Analysts Set New Price Targets

FDP has been the topic of a number of research reports. 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. 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Institutional Investors Weigh In On Fresh Del Monte Produce

A number of hedge funds and other institutional investors have recently bought and sold shares of FDP. Wasatch Advisors LP lifted its position in shares of Fresh Del Monte Produce by 41.1% during the third quarter. Wasatch Advisors LP now owns 1,915,156 shares of the company's stock worth $66,494,000 after acquiring an additional 557,638 shares in the last quarter. LSV Asset Management raised its stake in shares of Fresh Del Monte Produce by 0.6% during the 4th quarter. LSV Asset Management now owns 1,741,494 shares of the company's stock valued at $62,049,000 after purchasing an additional 10,246 shares during the period. American Century Companies Inc. raised its stake in shares of Fresh Del Monte Produce by 9.5% during the 3rd quarter. American Century Companies Inc. now owns 1,359,355 shares of the company's stock valued at $47,197,000 after purchasing an additional 117,567 shares during the period. State Street Corp lifted its holdings in Fresh Del Monte Produce by 0.7% during the 4th quarter. State Street Corp now owns 1,336,786 shares of the company's stock worth $47,630,000 after purchasing an additional 9,933 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Fresh Del Monte Produce by 19.2% in the 3rd quarter. Invesco Ltd. now owns 931,653 shares of the company's stock worth $32,347,000 after purchasing an additional 150,092 shares during the period. Institutional investors own 64.83% of the company's stock.

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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