Fresh Del Monte Produce (FDP) Receiving Somewhat Favorable Media Coverage, Accern Reports
Media headlines about Fresh Del Monte Produce (NYSE:FDP) have trended somewhat positive on Sunday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.7083820466018 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.
Shares of Fresh Del Monte Produce (NYSE FDP) opened at 46.11 on Friday. The firm’s 50-day moving average is $47.72 and its 200 day moving average is $52.91. Fresh Del Monte Produce has a 52-week low of $45.32 and a 52-week high of $66.86. The stock has a market cap of $2.31 billion, a P/E ratio of 14.66 and a beta of 0.44.
Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.15). The firm had revenue of $1.15 billion during the quarter. Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 earnings per share. Analysts forecast that Fresh Del Monte Produce will post $3.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 16th were issued a $0.15 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.60 annualized dividend and a yield of 1.30%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 18.93%.
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In other Fresh Del Monte Produce news, CFO Richard Contreras sold 1,796 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total value of $85,489.60. Following the transaction, the chief financial officer now directly owns 4,116 shares in the company, valued at $195,921.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marissa R. Tenazas sold 1,219 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $46.94, for a total transaction of $57,219.86. The disclosure for this sale can be found here. Insiders sold 55,189 shares of company stock worth $2,692,266 over the last quarter. 36.90% of the stock is currently owned by insiders.
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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