NYSE:FDP

Fresh Del Monte Produce (FDP) Stock Forecast, Price & News

$25.85

+0.10 (+0.39%)

(As of 01:15 PM ET)

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Today's Range: $25.61
▼
$26.02
50-Day Range: $24.99
▼
$28.50
52-Week Range: $23.09
▼
$32.49

Volume: 78,739 shs
Average Volume: 187,979 shs
Market Capitalization: $1.24 billion

P/E Ratio: 9.01
Dividend Yield: 3.09%
Price Target: N/A

Fresh Del Monte Produce MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.84% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.27
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$367,196 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.14 out of 5 stars

Consumer Staples Sector

5th out of 134 stocks

Agricultural Production - Crops Industry

1st out of 8 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Fresh Del Monte Produce.

4.0

Short Interest

Percentage of Shares Shorted
0.84% of the float of Fresh Del Monte Produce has been sold short.
Short Interest Ratio / Days to Cover
Fresh Del Monte Produce has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Fresh Del Monte Produce has recently decreased by 0.72%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Fresh Del Monte Produce pays a meaningful dividend of 3.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Fresh Del Monte Produce has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Fresh Del Monte Produce is 27.87%. This payout ratio is at a healthy, sustainable level, below 75%.

4.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Fresh Del Monte Produce has received a 73.61% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is mostly driven by its "Prepared vegetable meals", "Canned zucchini", "Canned carrots", "Canned spinach", "Canned green peas", and "Canned tomatoes" products. See details.
Environmental Sustainability
The Environmental Impact score for Fresh Del Monte Produce is -1.27.

3.7

News and Social Media Coverage

News Sentiment
Fresh Del Monte Produce has a news sentiment score of 1.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Consumer Staples companies.
Search Interest
2 people have searched for FDP on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Fresh Del Monte Produce to their MarketBeat watchlist in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fresh Del Monte Produce insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $367,196.00 in company stock.
Percentage Held by Insiders
36.96% of the stock of Fresh Del Monte Produce is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
65.94% of the stock of Fresh Del Monte Produce is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Fresh Del Monte Produce is 9.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fresh Del Monte Produce is 9.01, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 17.83.
Price to Book Value per Share Ratio
Fresh Del Monte Produce has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Fresh Del Monte Produce (NYSE:FDP) Stock

Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services. The company offers pineapples, fresh-cut fruit, fresh-cut vegetables, melons, and vegetables; non-tropical fruits, such as grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis; other fruit and vegetables, and avocados; and prepared fruit and vegetables, juices, other beverages, and meals and snacks. It also engages in the sale of poultry and meat products; and third-party freight services business. The company offers its products under the Del Monte brand, as well as under other brands, such as UTC, Rosy, Fruit Express, Just Juice, Fruitini, Mann's Logo, Arcadian Harvest, Nourish Bowls, Broccolini, Caulilini, Better Burger Leaf, RomaLeaf, and other regional brands. It markets and distributes its products to retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators. The company was founded in 1886 and is based in George Town, Cayman Islands.

FDP Price History

30 days | 90 days | 365 days | Advanced Chart

FDP Stock News Headlines

September 19, 2023 | finance.yahoo.com

Fresh Del Monte Named Humankind 100 Company for Second Consecutive Year

September 19, 2023 | msn.com

Fresh Del Monte Looks Like A Healthy Opportunity At Only 0.6x P/B

September 27, 2023 | Legacy Research (Ad)

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September 8, 2023 | finance.yahoo.com

20 Most Consumed Fruit in the US

September 6, 2023 | finance.yahoo.com

Fresh Del Monte Produce (NYSE:FDP) Might Have The Makings Of A Multi-Bagger

September 1, 2023 | finance.yahoo.com

Top 20 Fruit Producing Countries In The World

August 24, 2023 | msn.com

Fresh Del Monte: Strong Margin Expansion May Not Be Sustainable

August 11, 2023 | finance.yahoo.com

Is It Worth Considering Fresh Del Monte Produce Inc. (NYSE:FDP) For Its Upcoming Dividend?

September 27, 2023 | Altimetry (Ad)

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August 10, 2023 | gurufocus.com

Insider Sell: Tarek Betti Sells 420 Shares of Fresh Del Monte Produce Inc

August 9, 2023 | finance.yahoo.com

Fresh Del Monte and Flowspace Join Forces to Power Produce Giant’s Storage Facilities

August 2, 2023 | markets.businessinsider.com

Fresh Del Monte Q2 Earnings Rise But Revenue Edges Down

August 2, 2023 | finance.yahoo.com

Should You Be Adding Fresh Del Monte Produce (NYSE:FDP) To Your Watchlist Today?

August 2, 2023 | finance.yahoo.com

Fresh Del Monte Produce Inc. Reports Strong Operating Results in the Second Quarter 2023; Net Income More Than Doubles, Gross Profit and Margin Increase

July 26, 2023 | finance.yahoo.com

Fresh Del Monte Produce Inc. to Report Second Quarter 2023 Financial Results

July 26, 2023 | finance.yahoo.com

Fresh Del Monte Recognized for Sustainability Efforts

July 12, 2023 | finance.yahoo.com

With 68% institutional ownership, Fresh Del Monte Produce Inc. (NYSE:FDP) is a favorite amongst the big guns

July 4, 2023 | finance.yahoo.com

FDP - Fresh Del Monte Produce Inc.

May 30, 2023 | seekingalpha.com

Fresh Del Monte Produce Is Still Attractive Despite Its Pullback

May 25, 2023 | finance.yahoo.com

Fresh Del Monte Produce (NYSE:FDP) investors are sitting on a loss of 36% if they invested five years ago

May 16, 2023 | finance.yahoo.com

Fresh Del Monte and Sustainable Food Maker Vertage Partner to Expand Distribution of Healthy Foods

May 11, 2023 | msn.com

Monday Is Your Last Chance To Buy Fresh Del Monte Produce Before The Dividend Payout

May 4, 2023 | finance.yahoo.com

Fresh Del Monte Produce First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

May 4, 2023 | finance.yahoo.com

Q1 2023 Fresh Del Monte Produce Inc Earnings Call

May 3, 2023 | seekingalpha.com

Fresh Del Monte Produce Q1 2023 Earnings Preview

May 3, 2023 | msn.com

Fresh Del Monte misses profit and sales expectations, but boosts dividend by 33%

May 3, 2023 | msn.com

Fresh Del Monte Produce: Q1 Earnings Insights

See More Headlines

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FDP Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/8 Dividend: 8/16/2023
Dividend Payable: 9/08/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Agricultural production - crops
Sub-Industry: Agricultural Products
Sector: Consumer Staples
Current Symbol: NYSE:FDP
CUSIP: G3673810
CIK: 1047340
Web: www.freshdelmonte.com
Phone: (305) 520-8400
Fax: 305-567-0320
Employees: 40,068
Year Founded: 1886

Profitability

EPS (Most Recent Fiscal Year): $2.87
Trailing P/E Ratio: 9.01
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $98.60 million
Net Margins: 3.14%
Pretax Margin: 4.05%
Return on Equity: 6.13%
Return on Assets: 3.52%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 1.97
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $4.44 billion
Price / Sales: 0.28
Cash Flow: $3.92 per share
Price / Cash Flow: 6.60
Book Value: $40.24 per share
Price / Book: 0.64

Miscellaneous

Outstanding Shares: 48,120,000
Free Float: 30,335,000
Market Cap: $1.24 billion
Optionable: Optionable
Beta: 0.68

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Key Executives

Mr. Mohammad Abu-Ghazaleh (Age 81)
Chairman & CEO

Ms. Monica Vicente (Age 57)
Sr. VP, CFO & Principal Accounting Officer
Comp: $676.2k

Mr. Mohammed Abbas (Age 47)
COO & Exec. VP
Comp: $1.17M

Mr. Ziad Nabulsi (Age 49)
Sr. VP of North American Operations
Comp: $642.55k

Ana Miranda
VP, Global FP&A & Investor Relations

Ms. Effie D. Silva (Age 47)
Sr. VP, Gen. Counsel, Corp. Sec. and Chief Ethics & Compliance Officer

Ms. Claudia Pou
VP & Global Head of Corp. Communication

Mr. Abdel Rahman Obaid
VP of Corp. Devel.

Mr. Tarek Betti (Age 51)
Sr. VP & Chief HR Officer

Mr. Gianpaolo Renino (Age 55)
Sr. VP of Europe & Africa

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FDP Stock - Frequently Asked Questions

How have FDP shares performed in 2023?: Fresh Del Monte Produce's stock was trading at $26.19 at the start of the year. Since then, FDP stock has decreased by 1.3% and is now trading at $25.85.
View the best growth stocks for 2023 here.
Are investors shorting Fresh Del Monte Produce?: Fresh Del Monte Produce saw a drop in short interest in September. As of September 15th, there was short interest totaling 286,200 shares, a drop of 9.1% from the August 31st total of 315,000 shares. Based on an average daily volume of 185,400 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.8% of the shares of the company are sold short.
View Fresh Del Monte Produce's Short Interest.
When is Fresh Del Monte Produce's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our FDP earnings forecast.
How were Fresh Del Monte Produce's earnings last quarter?: Fresh Del Monte Produce Inc. (NYSE:FDP) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.96 earnings per share (EPS) for the quarter. The firm earned $1.18 billion during the quarter. Fresh Del Monte Produce had a trailing twelve-month return on equity of 6.13% and a net margin of 3.14%.
How often does Fresh Del Monte Produce pay dividends? What is the dividend yield for Fresh Del Monte Produce?: Fresh Del Monte Produce declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Thursday, August 17th will be given a dividend of $0.20 per share on Friday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Wednesday, August 16th.
Read our dividend analysis for FDP.
What ETFs hold Fresh Del Monte Produce's stock?: ETFs with the largest weight of Fresh Del Monte Produce (NYSE:FDP) stock in their portfolio include VegTech Plant-based Innovation & Climate ETF (EATV), Invesco Food & Beverage ETF (PBJ), Invesco S&P SmallCap Consumer Staples ETF (PSCC), Invesco S&P SmallCap 600 Pure Value ETF (RZV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Value with Momentum ETF (XSVM), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).
Is Fresh Del Monte Produce a good dividend stock?: Fresh Del Monte Produce (NYSE:FDP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FDP.
What is Seamus Keating's approval rating as Fresh Del Monte Produce's CEO?: 27 employees have rated Fresh Del Monte Produce Chief Executive Officer Seamus Keating on Glassdoor.com. Seamus Keating has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Fresh Del Monte Produce own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Fresh Del Monte Produce investors own include Hikma Pharmaceuticals (HIK), iQIYI (IQ), Walt Disney (DIS), General Mills (GIS), Walgreens Boots Alliance (WBA), Activision Blizzard (ATVI), Comerica (CMA), Honda Motor (HMC), AbbVie (ABBV) and CVS Health (CVS).
What is Fresh Del Monte Produce's stock symbol?: Fresh Del Monte Produce trades on the New York Stock Exchange (NYSE) under the ticker symbol "FDP."
Who are Fresh Del Monte Produce's major shareholders?: Fresh Del Monte Produce's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.95%), Dimensional Fund Advisors LP (7.75%), State Street Corp (2.52%), Boston Partners (2.31%), Charles Schwab Investment Management Inc. (1.66%) and Bank of New York Mellon Corp (1.58%). Insiders that own company stock include Charles Jr Beard, Charles R Schwab, Eduardo Guarita Bezerra, Effie D Silva, Gianpaolo Renino, Hans Sauter, Helmuth Lutty, Jesus Rodriguez Calvo, Marlene Gordon, Michael J Berthelot, Mohammad Abu-Ghazaleh, Mohammed Abbas, Reyes Jorge Pelaez, Sergio Mancilla, Tarek Ahmad Betti, Youssef Zakharia and Ziad Nabulsi.
View institutional ownership trends.
How do I buy shares of Fresh Del Monte Produce?: Shares of FDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Fresh Del Monte Produce's stock price today?: One share of FDP stock can currently be purchased for approximately $25.85.
How much money does Fresh Del Monte Produce make?: Fresh Del Monte Produce (NYSE:FDP) has a market capitalization of $1.24 billion and generates $4.44 billion in revenue each year. The company earns $98.60 million in net income (profit) each year or $2.87 on an earnings per share basis.
How many employees does Fresh Del Monte Produce have?: The company employs 40,068 workers across the globe.
How can I contact Fresh Del Monte Produce?: Fresh Del Monte Produce's mailing address is 241 SEVILLA AVENUE, CORAL GABLES FL, 33134. The official website for the company is www.freshdelmonte.com. The company can be reached via phone at (305) 520-8400 or via fax at 305-567-0320.

This page (NYSE:FDP) was last updated on 9/27/2023 by MarketBeat.com Staff

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