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.

Analyst Upgrades and Downgrades

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

Fresh Del Monte Produce Trading Down 0.7 %

Shares of FDP Stock opened at $28.10 on Wednesday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 36.49 and a beta of 0.55. Fresh Del Monte Produce has a twelve month low of $22.63 and a twelve month high of $34.00. The stock's fifty day simple moving average is $27.75 and its 200 day simple moving average is $26.77. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 0.25.

Fresh Del Monte Produce (NYSE:FDP - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.43 EPS 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis.

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 paid a $0.15 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. Fresh Del Monte Produce's dividend payout ratio is presently 77.92%.

Insider Activity at Fresh Del Monte Produce

In other news, Director Michael J. Berthelot sold 5,000 shares of the firm's stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $25.31, for a total transaction of $126,550.00. Following the transaction, the director now directly owns 15,261 shares of the company's stock, valued at $386,255.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Michael J. Berthelot sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $25.31, for a total transaction of $126,550.00. Following the completion of the sale, the director now owns 15,261 shares of the company's stock, valued at $386,255.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mohammad Abu-Ghazaleh bought 19,361 shares of the business's stock in a transaction on Thursday, May 26th. The stock was bought at an average cost of $25.27 per share, with a total value of $489,252.47. Following the transaction, 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 have sold a total of 11,301 shares of company stock valued at $284,281 over the last 90 days. 36.96% of the stock is owned by insiders.