Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Fresh Del Monte Produce (FDP) Stock Price

Media coverage about Fresh Del Monte Produce (NYSE:FDP) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fresh Del Monte Produce earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.0171150159813 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, TheStreet downgraded Fresh Del Monte Produce from a “b-” rating to a “c” rating in a research note on Monday, March 26th.

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Shares of NYSE FDP opened at $47.80 on Friday. Fresh Del Monte Produce has a twelve month low of $43.02 and a twelve month high of $61.98. The company has a market capitalization of $2,334.64, a PE ratio of 19.94 and a beta of 0.44. The company has a current ratio of 2.59, a quick ratio of 1.21 and a debt-to-equity ratio of 0.20.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.08) EPS for the quarter. Fresh Del Monte Produce had a net margin of 2.96% and a return on equity of 6.70%. The firm had revenue of $953.70 million during the quarter, compared to analysts’ expectations of $925.00 million. During the same quarter in the previous year, the company posted $0.26 EPS. Fresh Del Monte Produce’s revenue for the quarter was down .1% on a year-over-year basis.

Fresh Del Monte Produce declared that its board has approved a stock repurchase plan on Wednesday, February 21st that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Wednesday, May 9th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 8th. This represents a $0.60 annualized dividend and a yield of 1.26%.

In related news, VP Reyes Jorge Pelaez sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $47.99, for a total value of $28,794.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Youssef Zakharia sold 619 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.75, for a total value of $28,938.25. Following the completion of the transaction, the insider now owns 2,005 shares in the company, valued at approximately $93,733.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,462 shares of company stock worth $443,983. 36.90% of the stock is owned by company insiders.

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About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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