Steps I took that resulted in the problem:
Used the part as defined in my schematic and PCB layout. The schematic shows the diode symbol reversed with respect to the naming of the pins. The naming of the pins is consistent in the PCB view. The silkscreen is correct in the layout (cathode marked with a circle). The pad selection is also consistent with the pin naming, circular pad being the cathode and the square pad being the anode.
What I expected should have happened instead:
Diode symbol should be flipped in the schematic view to be consistent with the layout and pin names.
My version of Fritzing and my operating system:
Version 0.9.3 (b5c895d327c44a3114e5fcc9d8260daf0cbb52806 2016-04-19) 64 [Qt 5.6.1]