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

Fresh Del Monte Produce, Inc. (NYSE:FDP) SVP Marissa Tenazas sold 1,969 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.28, for a total transaction of $83,249.32. Following the sale, the senior vice president owned 6,428 shares of the company’s stock, valued at $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 can be accessed through this link.

Fresh Del Monte Produce Stock Performance

FDP traded down $0.51 during midday trading on Friday, reaching $42.00. The company had a trading volume of 102,484 shares, compared to its average volume of 235,952. Fresh Del Monte Produce, Inc. has a 12-month low of $29.00 and a 12-month high of $43.58. The business has a 50-day moving average price of $38.84 and a two-hundred day moving average price of $36.79. The stock has a market cap of $1.99 billion, a PE ratio of 22.34 and a beta of 0.28. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.06 and a current ratio of 2.16.

Fresh Del Monte Produce (NYSE:FDP) last posted 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. Fresh Del Monte Produce had a net margin of 2.10% and a return on equity of 7.63%. The company had revenue of $968.20 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. Fresh Del Monte Produce’s revenue was up .6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 4th will be paid 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 2.9%. Fresh Del Monte Produce’s dividend payout ratio is presently 63.83%.

Fresh Del Monte Produce News Summary

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

• Positive Sentiment: Analyst upgrades and positive ratings that surfaced in late February (WallStreetZen, Weiss) lend support to the stock by improving the consensus outlook. MarketBeat: FDP analyst notes
• Positive Sentiment: Institutional investors have been increasing positions (Wasatch, LSV, American Century, Invesco, State Street are cited as adding shares), which is a bullish signal for medium?term demand. MarketBeat: institutional activity
• Neutral Sentiment: Quarterly results were mixed: EPS beat comfortably ($0.70 vs $0.28 est.), but revenue missed consensus ($968.2M vs ~$1.01B). EPS strength can support the stock, while the revenue shortfall leaves questions on top?line momentum. MarketBeat: earnings summary
• Neutral Sentiment: Coverage piece comparing Fresh Del Monte to Pilgrim’s Pride may draw investor attention but is not a company-specific catalyst; it’s useful context for relative valuation and sector positioning. AAII: comparison article
• Negative Sentiment: Significant insider selling by multiple senior executives (COO Mohammed Abbas, CFO Monica Vicente and several SVPs including Effie Silva, Ziad Nabulsi, Marissa Tenazas and Danny Dumas) across March 3–4 represents the biggest near?term negative. The volume of sales and percentage reductions in holdings can spook investors even if sales are for personal/liquidity reasons. InsiderTrades: consolidated insider sale alert
• Negative Sentiment: The stock recently went ex?dividend (record/ex dates noted) for a $0.30 quarterly payout — dividend distributions and the ex?date can create short?term selling pressure as holders rotate or harvest the dividend. MarketBeat: dividend details

Analysts Set New Price Targets

Several research firms have commented on FDP. Wall Street Zen raised shares of 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 note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its position in 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 valued at $339,000 after acquiring an additional 1,623 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Fresh Del Monte Produce in the 4th quarter valued at $256,000. XTX Topco Ltd bought a new position in shares of Fresh Del Monte Produce during the 4th quarter valued at $558,000. Virtus Investment Advisers LLC bought a new position in shares of Fresh Del Monte Produce during the 4th quarter valued at $161,000. Finally, Millennium Management LLC raised its position in Fresh Del Monte Produce by 25.0% in the 4th 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 during the period. 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.