Wasatch Advisors Cuts Stake in Fresh Del Monte by 22.4%

Key Facts

1Wasatch Advisors LP reduced its stake in Fresh Del Monte Produce by 22.4% in Q1, now holding 1.38 million shares valued at $55.8 million.

2Fresh Del Monte Produce reported Q1 earnings of $0.63 per share, beating estimates.

3The company announced a quarterly dividend of $0.30 per share, yielding an annualized 4.1%.

In a move reflecting portfolio rebalancing, Wasatch Advisors LP reduced its stake in Fresh Del Monte Produce by 22.4% in the first quarter of 2026, now holding 1.38 million shares valued at $55.8 million, according to MarketBeat data. The reduction comes despite the company reporting Q1 earnings of $0.63 per share, beating analyst estimates, and declaring a quarterly dividend of $0.30 per share, for an annualized yield of 4.1%.

Despite the stake cut by a major institutional holder, Fresh Del Monte's fundamentals remain solid with an earnings beat and an attractive dividend yield. Other hedge funds' moves toward the stock may offset the negative sentiment, especially as the company continues to deliver stable operational results in the fresh produce sector.

Fresh Del Monte (FDP) closed at $29.22 on June 26, after trading between $28.40 and $29.30 during the session. The $28.40 level may act as near-term support, while $29.30 offers immediate resistance. No major catalysts are on the immediate calendar, but investors will remain focused on further institutional moves and upcoming quarterly results.