21,197 Shares of Fresh Del Monte Produce Inc $DMC Acquired by Inspire Investing LLC

Inspire Investing LLC purchased a new stake in Fresh Del Monte Produce Inc (NYSE:DMC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,197 shares of the company’s stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC purchased a new stake in shares of Fresh Del Monte Produce in the 2nd quarter valued at about $4,023,000. Engineers Gate Manager LP bought a new position in Fresh Del Monte Produce in the second quarter valued at $1,141,000. SummerHaven Investment Management LLC increased its stake in Fresh Del Monte Produce by 56.3% in the third quarter. SummerHaven Investment Management LLC now owns 35,533 shares of the company’s stock valued at $1,050,000 after acquiring an additional 12,806 shares during the last quarter. Outfitters Financial LLC purchased a new stake in Fresh Del Monte Produce during the second quarter valued at about $912,000. Finally, Arizona State Retirement System purchased a new stake in Fresh Del Monte Produce during the second quarter valued at about $302,000. Institutional investors own 64.83% of the company’s stock.

Insider Activity

In other news, COO Mohammed Abbas acquired 12,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, with a total value of $358,680.00. Following the completion of the purchase, the chief operating officer owned 71,930 shares in the company, valued at approximately $2,149,987.70. The trade was a 20.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 30.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DMC shares. Wall Street Zen upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Weiss Ratings assumed coverage on Fresh Del Monte Produce in a report on Wednesday, August 5th. They set a “hold (c)” rating on the stock. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Key Fresh Del Monte Produce News

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

• Positive Sentiment: Quarterly dividend maintained: Fresh Del Monte declared a $0.30-per-share quarterly dividend, or $1.20 annualized, representing an approximately 4.1% yield. The ex-dividend date is November 10, with payment scheduled for December 4. Fresh Del Monte dividend announcement
• Positive Sentiment: Integration progress could improve future results: Management commentary highlighted that the Del Monte Foods integration is progressing faster than expected, which could support cost savings, operational efficiencies and earnings growth. Del Monte Q3 2026 earnings call highlights
• Positive Sentiment: Potential 2027 catalyst: An investment analysis describes 2027 as a possible turning point for the undervalued food business, suggesting that integration benefits and operational improvements could become more visible in future results. Del Monte 2027 turning point analysis
• Neutral Sentiment: EPS beat expectations: Third-quarter adjusted earnings were $0.50 per share, exceeding the $0.46 analyst consensus. Revenue rose 7.2% year over year to approximately $1.10 billion. Del Monte Q3 earnings results
• Negative Sentiment: Profitability remains a concern: Despite the revenue growth and EPS beat, quarterly EPS fell from $0.69 a year earlier. Net margin was only 1.86%, and reported revenue missed forecasts, limiting the positive impact of the results. Del Monte Corporation Q3 results

Fresh Del Monte Produce Price Performance

DMC opened at $27.78 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Fresh Del Monte Produce Inc has a 1 year low of $26.47 and a 1 year high of $43.58. The stock’s 50 day moving average is $30.60. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 11.37 and a beta of 0.25.

Fresh Del Monte Produce (NYSE:DMC) last issued its earnings results on Thursday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.04. Fresh Del Monte Produce had a net margin of 1.86% and a return on equity of 5.96%. The firm had revenue of $1.10 billion for the quarter. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Wednesday, November 11th will be given a $0.30 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. Fresh Del Monte Produce’s payout ratio is presently 169.01%.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared fruits and vegetables. Its product portfolio includes bananas, pineapples, melons, avocados, berries, grapes, tomatoes and other fresh produce, along with prepared fruit, vegetables, juices and snacks sold under the Del Monte brand and other labels.

The company manages activities across the produce supply chain, including cultivation, sourcing, harvesting, processing, packaging, transportation and distribution.