Media coverage about Fresh Del Monte Produce (NYSE:FDP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fresh Del Monte Produce earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7708039817078 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Fresh Del Monte Produce opened at $44.57 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 2.52. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 18.35 and a beta of 0.40. Fresh Del Monte Produce has a one year low of $43.02 and a one year high of $52.64.
Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, May 1st. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.03). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.28 billion. Fresh Del Monte Produce had a net margin of 2.79% and a return on equity of 6.70%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Wednesday, May 9th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.35%.
Fresh Del Monte Produce announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 21st that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Separately, TheStreet upgraded shares of Fresh Del Monte Produce from a “c+” rating to a “b+” rating in a research report on Tuesday, May 1st.
In other news, Chairman Mohammad Abu-Ghazaleh sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $46.26, for a total value of $925,200.00. Following the completion of the sale, the chairman now directly owns 5,356,410 shares in the company, valued at approximately $247,787,526.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Madeleine L. Champion sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $46.50, for a total value of $279,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,000 shares of company stock valued at $3,321,300. 39.00% of the stock is currently owned by company insiders.
Fresh Del Monte Produce Company Profile
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.
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