Fresh Del Monte Produce (NYSE:FDP), a prominent global produce supplier, recently disclosed a sale by one of its executives, Jorge Pelaez Reyes, who serves as the Senior Vice President for Central America. The company, known for its wide reach across key markets, made this transaction public through a SEC Form 4 filing on May 28, 2026.
Transaction Summary:
– Shares sold (direct): 2,622
– Transaction value: approximately $87,000
– Post-transaction shares (direct): 4,838
– Post-transaction value (direct ownership): around $161,000
This sale by Pelaez Reyes marks his third open-market transaction since June 2023. Previous sales involved 5,417 and 2,214 shares, respectively, falling within the average observed range of ~3,417 shares per sale. After this latest transaction, Pelaez Reyes retains 4,838 directly held common shares, representing about 32.1% of his pre-transaction direct holdings.
The sale was executed at a weighted average price of $33.19 per share, compared to the current share price of $29.37 as of June 4, 2026. Despite this sale, Pelaez Reyes still holds a significant equity interest through various types of holdings like ordinary shares, restricted stock units, performance stock units, and dividend equivalent units.
Company Overview:
Fresh Del Monte Produce boasts a revenue of $4.27 billion (TTM) and a net income of $69.60 million (TTM). With a dividend yield of 3.57% and a current price of $33.19 per share, the company operates a broad portfolio of fresh and fresh-cut fruits and vegetables under brands like Del Monte. It serves a diverse range of customers globally, including retail stores, wholesalers, distributors, club stores, convenience stores, and foodservice operators.
The company’s integrated supply chain model ensures efficiency in production, marketing, and distribution, enabling it to adapt to changing market demands and consumer preferences. Fresh Del Monte Produce maintains a competitive position in the agricultural sector due to its scale, geographic reach, and established brand presence.
In conclusion, Fresh Del Monte Produce remains a leading player in the global produce industry, leveraging its vertical integration to control quality and supply chain efficiency. Despite the recent sale by an executive, the company’s diversified product offerings and strong market presence continue to support its competitive edge in the market.
