Fresh Del Monte Produce (FDP) Receiving Somewhat Favorable Media Coverage, Study Finds
News coverage about Fresh Del Monte Produce (NYSE:FDP) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fresh Del Monte Produce earned a news impact score of 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.7568017707759 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Paul Rice Sells 6,886 Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) Stock (americanbankingnews.com)
- Fresh Del Monte Produce, Inc. Announces Quarterly Dividend of $0.15 (NYSE:FDP) (americanbankingnews.com)
- Shares of Fresh Del Monte Produce Inc (FDP) See Mesa Average Drop Below FAMA – Evergreen Caller (evergreencaller.com)
- Fresh Del Monte Produce, Inc. (FDP) SVP Sells $115,620.40 in Stock (americanbankingnews.com)
- Insider Selling: Fresh Del Monte Produce, Inc. (NYSE:FDP) Insider Sells 1,212 Shares of Stock (americanbankingnews.com)
Shares of Fresh Del Monte Produce (NYSE:FDP) traded up 0.28% on Friday, reaching $49.97. 391,163 shares of the company were exchanged. Fresh Del Monte Produce has a 12-month low of $46.31 and a 12-month high of $66.86. The firm has a 50 day moving average price of $50.81 and a 200-day moving average price of $55.36. The stock has a market capitalization of $2.50 billion, a PE ratio of 15.89 and a beta of 0.42.
Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by $0.15. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The firm had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the company earned $1.75 EPS. Fresh Del Monte Produce’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Fresh Del Monte Produce will post $3.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio is presently 18.93%.
Separately, Zacks Investment Research cut shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 1st.
In other Fresh Del Monte Produce news, SVP Paul Rice sold 6,886 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.50, for a total value of $340,857.00. Following the sale, the senior vice president now directly owns 6,886 shares in the company, valued at approximately $340,857. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hani El-Naffy sold 106,044 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $54.09, for a total transaction of $5,735,919.96. The disclosure for this sale can be found here. Insiders sold a total of 118,526 shares of company stock worth $6,343,473 over the last quarter. Corporate insiders own 36.90% of the company’s stock.
About Fresh Del Monte Produce
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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