Fresh Del Monte Produce - FDP Stock Forecast, Price & News

Fresh Del Monte Produce's stock was trading at $26.19 at the beginning of the year. Since then, FDP stock has increased by 13.9% and is now trading at $29.83.
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Fresh Del Monte Produce saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 656,100 shares, an increase of 9.4% from the January 31st total of 599,900 shares. Based on an average daily volume of 198,900 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.8% of the shares of the company are short sold.
View Fresh Del Monte Produce's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our FDP earnings forecast.

Fresh Del Monte Produce Inc. (NYSE:FDP) issued its quarterly earnings results on Wednesday, February, 22nd. The company reported $0.45 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.50. The business earned $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Fresh Del Monte Produce had a trailing twelve-month return on equity of 4.97% and a net margin of 2.22%. Fresh Del Monte Produce's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) EPS.

Fresh Del Monte Produce declared a quarterly dividend on Tuesday, February 21st. Stockholders of record on Wednesday, March 8th will be paid a dividend of $0.15 per share on Friday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, March 7th.
Read our dividend analysis for FDP.

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), Virtus Real Asset Income ETF (VRAI), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Humankind US Stock ETF (HKND).

Fresh Del Monte Produce (NYSE:FDP) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.05%. The dividend payout ratio is 29.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FDP.

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.

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).

Fresh Del Monte Produce trades on the New York Stock Exchange (NYSE) under the ticker symbol "FDP."

Fresh Del Monte Produce's stock is owned by a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.74%), Boston Partners (2.34%), Charles Schwab Investment Management Inc. (1.74%), Geode Capital Management LLC (1.18%), Victory Capital Management Inc. (0.70%) and Morgan Stanley (0.64%). Insiders that own company stock include Charles Jr Beard, Charles R Schwab, Eduardo Guarita Bezerra, Effie D Silva, Elana Gold, 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.
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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.
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One share of FDP stock can currently be purchased for approximately $29.83.

Fresh Del Monte Produce (NYSE:FDP) has a market capitalization of $1.43 billion and generates $4.44 billion in revenue each year. The company earns $98.60 million in net income (profit) each year or $2.05 on an earnings per share basis.

The company employs 40,068 workers across the globe.

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.