Effie Silva Sells 285 Shares of Fresh Del Monte Produce (NYSE:FDP) Stock

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Effie Silva sold 285 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $42.50, for a total transaction of $12,112.50. Following the completion of the sale, the senior vice president owned 11,133 shares in the company, valued at $473,152.50. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fresh Del Monte Produce Price Performance

Shares of NYSE FDP opened at $42.51 on Friday. The stock’s 50-day simple moving average is $38.84 and its two-hundred day simple moving average is $36.79. Fresh Del Monte Produce, Inc. has a twelve month low of $29.00 and a twelve month high of $43.58. The firm 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 quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.09.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, topping 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 company had revenue of $968.20 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Fresh Del Monte Produce’s revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 63.83%.

Analyst Ratings Changes

FDP has been the topic of a number of research reports. Wall Street Zen raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings upgraded shares of Fresh Del Monte Produce from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Key Stories Impacting Fresh Del Monte Produce

Here are the key news stories impacting Fresh Del Monte Produce this week:

• Positive Sentiment: Company reported a strong EPS beat for the quarter ($0.70 vs. $0.28 consensus) and improved year?over?year profitability, showing operating leverage in recent results. Read More.
• Positive Sentiment: Board declared a quarterly dividend of $0.30 (annualized $1.20, ~2.8% yield), payable March 27 with record date March 4 — supports income-seeking investors and raises baseline demand. Read More.
• Positive Sentiment: Recent analyst upgrades (Wall Street Zen, Weiss Ratings) moved sentiment toward “Buy,” which could support medium-term demand if upgrades attract new flows. Read More.
• Neutral Sentiment: Institutional ownership remains high (~65%), with several funds increasing positions; that provides stability but also means future trading can be driven by large holders’ rebalancing. Read More.
• Neutral Sentiment: Media comparison piece examines FDP versus Pilgrim’s Pride as alternative food stocks — useful context for relative valuation decisions but not an immediate catalyst. Read More.
• Negative Sentiment: Significant insider selling: several senior executives (COO Mohammed Abbas, CFO Monica Vicente and multiple SVPs) sold substantial blocks on March 3–4 at ~$42.3–42.5, reducing their individual holdings by mid-single to mid?20% ranges — selling by management can be read as a near?term negative signal to investors. Read More.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FDP. EverSource Wealth Advisors LLC boosted its stake in shares of Fresh Del Monte Produce by 390.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock valued at $31,000 after purchasing an additional 766 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Fresh Del Monte Produce by 1,488.5% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 908 shares during the period. Geneos Wealth Management Inc. boosted its position in Fresh Del Monte Produce by 238.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after acquiring an additional 750 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Fresh Del Monte Produce during the 4th quarter worth approximately $39,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Fresh Del Monte Produce during the 4th quarter worth approximately $61,000. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Company Profile

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.