Ziad Nabulsi Sells 616 Shares of Fresh Del Monte Produce (NYSE:FDP) Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Ziad Nabulsi sold 616 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 $26,044.48. Following the transaction, the senior vice president owned 15,792 shares in the company, valued at approximately $667,685.76. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 Down 0.4%

NYSE FDP traded down $0.16 during trading on Thursday, hitting $42.51. The company’s stock had a trading volume of 241,002 shares, compared to its average volume of 239,191. The business’s 50 day simple moving average is $38.70 and its 200-day simple moving average is $36.75. The company has a market cap of $2.01 billion, a PE 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. Fresh Del Monte Produce, Inc. has a fifty-two week low of $29.00 and a fifty-two week high of $43.58.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Fresh Del Monte Produce’s revenue for the quarter was up .6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The company 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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, March 4th. Fresh Del Monte Produce’s dividend payout ratio is currently 63.83%.

Fresh Del Monte Produce News Roundup

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC increased its position in shares of Fresh Del Monte Produce by 20.5% during the fourth quarter. Corient Private Wealth LLC now owns 9,527 shares of the company’s stock worth $339,000 after acquiring an additional 1,623 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Fresh Del Monte Produce in the 4th quarter valued at about $256,000. XTX Topco Ltd purchased a new position in Fresh Del Monte Produce in the fourth quarter valued at approximately $558,000. Virtus Investment Advisers LLC purchased a new position in shares of Fresh Del Monte Produce in the 4th quarter valued at $161,000. Finally, Millennium Management LLC increased its position in shares of Fresh Del Monte Produce by 25.0% during the fourth quarter. Millennium Management LLC now owns 71,611 shares of the company’s stock worth $2,552,000 after purchasing an additional 14,335 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Analysts Set New Price Targets

FDP has been the subject of several research reports. Weiss Ratings raised shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.