NYSE:FDP

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

$26.43

+0.10 (+0.38%)

(As of 02:45 PM ET)

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Today's Range: $26.23
▼
$26.57
50-Day Range: $26.25
▼
$30.50
52-Week Range: $22.63
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$32.49

Volume: 51,646 shs
Average Volume: 180,514 shs
Market Capitalization: $1.27 billion

P/E Ratio: 11.39
Dividend Yield: 3.03%
Price Target: N/A

Fresh Del Monte Produce MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.91% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.27
Upright™ Environmental Score
News Sentiment: 0.67
Based on 6 Articles This Week
Insider Trading: Selling Shares
$107,506 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.

3.04 out of 5 stars

Consumer Staples Sector

6th out of 140 stocks

Agricultural Production - Crops Industry

1st out of 11 stocks

N/A

Analyst's Opinion

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

5.0

Short Interest

Percentage of Shares Shorted
0.91% 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 33.07%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Fresh Del Monte Produce pays a meaningful dividend of 3.01%, 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 34.48%. 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.

2.0

News and Social Media Coverage

News Sentiment
Fresh Del Monte Produce has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Fresh Del Monte Produce this week, compared to 2 articles on an average week.

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 $107,506.00 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
64.82% 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 11.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fresh Del Monte Produce is 11.34, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 15.02.
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. engages in production and distribution of fresh fruit and vegetable products. It operates through the following segments: Fresh and Value-added products, Bananas, and Other Products and Services. The Fresh and Value-added products segment includes sales of pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries, and kiwis), other fruit and vegetables, avocados, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, and prepared meals and snacks. The Bananas segment produces bananas. The Other Products and Services segment operates the third-party freight and logistics services business and the Jordanian poultry and meats business. The company was founded in 1886 and is headquartered in Coral Gables, FL.

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FDP Stock News Headlines

May 30, 2023 | seekingalpha.com

Fresh Del Monte Produce Is Still Attractive Despite Its Pullback

May 27, 2023 | americanbankingnews.com

Fresh Del Monte Produce (NYSE:FDP) Lowered to Hold at StockNews.com

May 31, 2023 | Edge On The Street (Ad)

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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 18, 2023 | americanbankingnews.com

Fresh Del Monte Produce (NYSE:FDP) Now Covered by Analysts at StockNews.com

May 16, 2023 | finance.yahoo.com

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

May 15, 2023 | americanbankingnews.com

Fresh Del Monte Produce Inc. (NYSE:FDP) Increases Dividend to $0.20 Per Share

May 11, 2023 | msn.com

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

May 31, 2023 | Edge On The Street (Ad)

The Ignored EV Story Few Investors Know About

May 8, 2023 | americanbankingnews.com

Fresh Del Monte Produce (NYSE:FDP) Rating Increased to Buy at StockNews.com

May 5, 2023 | americanbankingnews.com

Fresh Del Monte Produce (NYSE:FDP) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

May 5, 2023 | americanbankingnews.com

Fresh Del Monte Produce (NYSE:FDP) Shares Gap Down After Earnings Miss

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

May 3, 2023 | finance.yahoo.com

Fresh Del Monte Produce Inc. Reports First Quarter 2023 Financial Results

May 1, 2023 | americanbankingnews.com

Fresh Del Monte Produce (FDP) Set to Announce Quarterly Earnings on Wednesday

April 28, 2023 | americanbankingnews.com

StockNews.com Downgrades Fresh Del Monte Produce (NYSE:FDP) to Hold

April 27, 2023 | seekingalpha.com

FDP Fresh Del Monte Produce Inc.

April 26, 2023 | finance.yahoo.com

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

April 18, 2023 | stockhouse.com

Fresh Del Monte Named One of America's Most Trusted Companies by Newsweek for the Second Consecutive Year

April 3, 2023 | americanbankingnews.com

Fresh Del Monte Produce (NYSE:FDP) Upgraded at StockNews.com

March 21, 2023 | thestreet.com

Fresh Del Monte Produce Stock To Go Ex-dividend Monday (FDP)

March 15, 2023 | seekingalpha.com

Fresh Del Monte Produce: Stock Looks Unattractive In The Long-Run

March 2, 2023 | msn.com

Fresh Del Monte Produce's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FDP Company Calendar

Ex-Dividend for 3/31 Dividend: 3/07/2023
Dividend Payable: 3/31/2023
Last Earnings: 5/03/2023
Ex-Dividend for 6/9 Dividend: 5/16/2023
Today: 5/31/2023
Dividend Payable: 6/09/2023
Next Earnings (Estimated): 8/02/2023
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): $2.32
Trailing P/E Ratio: 11.35
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $98.60 million
Net Margins: 2.52%
Pretax Margin: 3.26%
Return on Equity: 4.93%
Return on Assets: 2.77%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 2.07
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $4.44 billion
Price / Sales: 0.28
Cash Flow: $3.88 per share
Price / Cash Flow: 6.78
Book Value: $40.24 per share
Price / Book: 0.65

Miscellaneous

Outstanding Shares: 48,000,000
Free Float: 30,259,000
Market Cap: $1.26 billion
Optionable: Optionable
Beta: 0.66

Social Links

Key Executives

Mohammad Ahmad Mohammad Abu-Ghazaleh
Chairman & Chief Executive Officer

Mohammed Abbas
Chief Operating Officer & Executive Vice President

Monica Vicente
Chief Financial Officer & Senior Vice President

Hans Sauter
Chief Sustainability Officer & Senior VP

Effie D. Silva
Secretary & Chief Compliance Officer

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 beginning of 2023. Since then, FDP stock has increased by 0.5% and is now trading at $26.33.
View the best growth stocks for 2023 here.
Are investors shorting Fresh Del Monte Produce?: Fresh Del Monte Produce saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 341,500 shares, a decrease of 33.1% from the April 30th total of 510,200 shares. Based on an average daily trading volume, of 202,100 shares, the short-interest ratio is currently 1.7 days. Approximately 0.9% of the company's stock are short sold.
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, August 2nd 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, May, 3rd. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.60 by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. Fresh Del Monte Produce had a trailing twelve-month return on equity of 4.93% and a net margin of 2.52%. The firm's revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS.
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 Tuesday, May 2nd. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.20 per share on Friday, June 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, May 16th. This is a positive change from the stock's previous quarterly dividend of $0.15.
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 Dynamic 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), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Virtus Real Asset Income ETF (VRAI) 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 3.01%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.48%. 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.93%), FMR LLC (10.13%), Dimensional Fund Advisors LP (7.82%), State Street Corp (2.69%), Boston Partners (2.41%) and Charles Schwab Investment Management Inc. (1.74%). 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 $26.33.
How much money does Fresh Del Monte Produce make?: Fresh Del Monte Produce (NYSE:FDP) has a market capitalization of $1.26 billion and generates $4.44 billion in revenue each year. The company earns $98.60 million in net income (profit) each year or $2.32 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 5/31/2023 by MarketBeat.com Staff

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