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

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. It 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. The company also engages in the sale of poultry and meat products; and third-party freight services business. In addition, it manufactures and sells plastic and box products, such as bins, trays, bags, and boxes. 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. Fresh Del Monte Produce Inc. was founded in 1886 and is based in George Town, Cayman Islands.

Fresh Del Monte Produce Stock Performance

Shares of FDP opened at $28.75 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.37 billion, a PE ratio of 37.34 and a beta of 0.55. Fresh Del Monte Produce has a 12 month low of $22.63 and a 12 month high of $34.00. The stock has a fifty day moving average price of $27.87 and a 200-day moving average price of $26.78.

Fresh Del Monte Produce (NYSE:FDP - Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.31). The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.15 billion. Fresh Del Monte Produce had a return on equity of 2.11% and a net margin of 0.85%. The business's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, August 16th. Fresh Del Monte Produce's dividend payout ratio (DPR) is 77.92%.

Analyst Upgrades and Downgrades

FDP has been the subject of a number of recent research reports. StockNews.com upgraded shares of Fresh Del Monte Produce from a "hold" rating to a "buy" rating in a report on Tuesday, July 26th. TheStreet upgraded shares of Fresh Del Monte Produce from a "c+" rating to a "b-" rating in a research note on Tuesday, June 7th.

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, SVP Hans Sauter sold 2,231 shares of Fresh Del Monte Produce stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $24.91, for a total transaction of $55,574.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fresh Del Monte Produce news, SVP Hans Sauter sold 2,231 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $24.91, for a total transaction of $55,574.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Berthelot sold 5,000 shares of the business's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $25.31, for a total value of $126,550.00. Following the completion of the transaction, the director now directly owns 15,261 shares of the company's stock, valued at approximately $386,255.91. The disclosure for this sale can be found here. Insiders have sold a total of 11,301 shares of company stock worth $284,281 over the last quarter. Insiders own 36.96% of the company's stock.