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 Price Performance

Shares of Fresh Del Monte Produce stock traded down $0.67 during trading hours on Wednesday, reaching $28.61. The company's stock had a trading volume of 627 shares, compared to its average volume of 209,843. The firm has a 50 day moving average price of $28.11 and a 200-day moving average price of $26.81. Fresh Del Monte Produce has a one year low of $22.63 and a one year high of $34.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 0.87. The stock has a market cap of $1.37 billion, a P/E ratio of 38.03 and a beta of 0.55.

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

Fresh Del Monte Produce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.10%. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 77.92%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Fresh Del Monte Produce

In related news, VP Gianpaolo Renino sold 4,070 shares of Fresh Del Monte Produce stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $25.10, for a total transaction of $102,157.00. Following the completion of the transaction, the vice president now directly owns 4,287 shares of the company's stock, valued at approximately $107,603.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Gianpaolo Renino sold 4,070 shares of Fresh Del Monte Produce stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $25.10, for a total transaction of $102,157.00. Following the completion of the transaction, the vice president now directly owns 4,287 shares of the company's stock, valued at approximately $107,603.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mohammad Abu-Ghazaleh purchased 19,361 shares of the company's stock in a transaction that occurred on Thursday, May 26th. The shares were purchased at an average cost of $25.27 per share, with a total value of $489,252.47. Following the completion of the purchase, the chief executive officer now owns 6,827,018 shares in the company, valued at approximately $172,518,744.86. The disclosure for this purchase can be found here. Insiders own 36.96% of the company's stock.