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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FDP shares. TheStreet raised Fresh Del Monte Produce from a "c+" rating to a "b-" rating in a research report on Tuesday, June 7th. StockNews.com upgraded Fresh Del Monte Produce from a "hold" rating to a "buy" rating in a report on Tuesday, July 26th.

Fresh Del Monte Produce Trading Up 1.2 %

Shares of Fresh Del Monte Produce stock traded up $0.35 during trading hours on Friday, hitting $29.10. The company's stock had a trading volume of 118,660 shares, compared to its average volume of 216,389. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.39 billion, a PE ratio of 37.79 and a beta of 0.55. The business has a fifty day moving average of $27.95 and a 200 day moving average of $26.79. Fresh Del Monte Produce has a 1-year low of $22.63 and a 1-year high of $34.00.

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

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 17th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, August 16th. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 77.92%.

Insiders Place Their Bets

In other news, VP Gianpaolo Renino sold 4,070 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $25.10, for a total transaction of $102,157.00. Following the sale, the vice president now owns 4,287 shares in the company, valued at $107,603.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Gianpaolo Renino sold 4,070 shares of the firm's stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $25.10, for a total transaction of $102,157.00. Following the completion of the sale, the vice president now directly owns 4,287 shares in the company, valued at $107,603.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $55,574.21. The disclosure for this sale can be found here. Insiders sold a total of 11,301 shares of company stock worth $284,281 in the last 90 days. 36.96% of the stock is owned by company insiders.