Media stories about Fresh Del Monte Produce (NYSE:FDP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fresh Del Monte Produce earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 42.6343168173132 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Watching the Tape Move for Fresh Del Monte Produce Inc (FDP) – Stock Press Daily (stockpressdaily.com)
- Positive Chaikin Money Flow Spotted in Fresh Del Monte Produce Inc (FDP) – Evergreen Caller (evergreencaller.com)
- See what the IHS Markit Score report has to say about Fresh Del Monte Produce Inc. (finance.yahoo.com)
- Fresh Del Monte Produce, Inc. (FDP) VP Sells $39,755.52 in Stock (americanbankingnews.com)
- Insider Trading Activity – Fresh Del Monte Produce, Inc. (NYSE:FDP) (highlightpress.com)
Separately, Zacks Investment Research lowered Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research report on Monday, May 1st.
Shares of Fresh Del Monte Produce (NYSE:FDP) opened at 46.63 on Friday. Fresh Del Monte Produce has a 52-week low of $46.31 and a 52-week high of $66.86. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 14.83 and a beta of 0.42. The company has a 50-day moving average price of $50.26 and a 200-day moving average price of $54.56.
Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.15. The company had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. On average, equities analysts anticipate that Fresh Del Monte Produce will post $3.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, August 14th. Fresh Del Monte Produce’s payout ratio is 18.93%.
In other news, SVP Paul Rice sold 1,280 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $49.50, for a total value of $63,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Contreras sold 1,796 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.60, for a total value of $85,489.60. Following the completion of the transaction, the chief financial officer now owns 4,116 shares of the company’s stock, valued at approximately $195,921.60. The disclosure for this sale can be found here. Insiders have sold 44,131 shares of company stock valued at $2,161,000 in the last quarter. 36.90% of the stock is owned by company insiders.
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Fresh Del Monte Produce Company Profile
Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
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