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 FDP Stock opened at $29.14 on Thursday. The stock's fifty day moving average is $28.19 and its 200-day moving average is $26.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 1.73. The stock has a market capitalization of $1.39 billion, a PE ratio of 37.84 and a beta of 0.55. Fresh Del Monte Produce has a 52 week low of $22.63 and a 52 week high of $34.00.

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

Fresh Del Monte Produce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 17th will be paid a $0.15 dividend. 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 payout ratio is 77.92%.

Analyst Ratings Changes

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

Insider Buying and Selling at Fresh Del Monte Produce

In related news, Director Michael J. Berthelot sold 5,000 shares of the 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 completion of the transaction, the director now directly owns 15,261 shares in the company, valued at $386,255.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Mohammad Abu-Ghazaleh acquired 19,361 shares of the company's stock in a transaction on Thursday, May 26th. The stock was purchased at an average cost of $25.27 per share, with a total value of $489,252.47. Following the acquisition, the chief executive officer now directly owns 6,827,018 shares of the company's stock, valued at $172,518,744.86. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Berthelot sold 5,000 shares of Fresh Del Monte Produce stock in a transaction on 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 owns 15,261 shares in the company, valued at approximately $386,255.91. The disclosure for this sale can be found here. Insiders own 36.96% of the company's stock.