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

Fresh Del Monte Produce's stock was trading at $26.19 on January 1st, 2023. Since then, FDP shares have increased by 1.3% and is now trading at $26.54.
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Fresh Del Monte Produce saw a decline in short interest in May. As of May 15th, there was short interest totaling 341,500 shares, a decline of 33.1% from the April 30th total of 510,200 shares. Based on an average daily volume of 202,100 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.9% of the shares of the company are sold short.
View Fresh Del Monte Produce's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our FDP earnings forecast.

Fresh Del Monte Produce Inc. (NYSE:FDP) announced its earnings results on Wednesday, May, 3rd. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by $0.05. The firm earned $1.13 billion during 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 business's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS.

Fresh Del Monte Produce declared a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.20 per share on Friday, June 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Tuesday, May 16th. This is an increase from the stock's previous quarterly dividend of $0.15.
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), 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).

Fresh Del Monte Produce (NYSE:FDP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.00%. 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.

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 many different institutional and retail investors. Top institutional shareholders 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.
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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 $26.54.

Fresh Del Monte Produce (NYSE:FDP) has a market capitalization of $1.27 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.

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.