Fresh Del Monte Produce Inc (NYSE: FDP) is 29.41% higher on its value in year-to-date trading and has touched a low of $21.23 and a high of $35.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FDP stock was last observed hovering at around $33.98 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $33.97, the stock is 1.02% and 9.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.03% at the moment leaves the stock 28.61% off its SMA200. FDP registered 45.86% gain for a year compared to 6-month gain of 47.89%. The firm has a 50-day simple moving average (SMA 50) of $30.863 and a 200-day simple moving average (SMA200) of $26.3619.
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The stock witnessed a 16.74% loss in the last 1 month and extending the period to 3 months gives it a 17.18%, and is 0.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.66% over the week and 2.43% over the month.
Fresh Del Monte Produce Inc (FDP) has around 38887 employees, a market worth around $1.63B and $4.27B in sales. Current P/E ratio is 107.50 and Fwd P/E is 11.80. Profit margin for the company is 0.36%. Distance from 52-week low is 60.01% and -3.69% from its 52-week high. The company has generated returns on investments over the last 12 months (0.64%).
The EPS is expected to grow by 22.17% this year
301.0 institutions hold shares in Fresh Del Monte Produce Inc (FDP), with institutional investors hold 86.87% of the company’s shares. The shares outstanding are 47.63M, and float is at 37.40M with Short Float at 1.02%. Institutions hold 67.81% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.89 million shares valued at $128.61 million. The investor’s holdings represent 12.3374 of the FDP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.62 million shares valued at $100.86 million to account for 9.6757 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.73 million shares representing 7.8174 and valued at over $81.49 million, while STATE STREET CORP holds 2.7065 of the shares totaling 1.29 million with a market value of $28.21 million.
Fresh Del Monte Produce Inc (FDP) Insider Activity
The most recent transaction is an insider sale by Cloyd Mary Ann, the company’s Director. SEC filings show that Cloyd Mary Ann sold 1,340 shares of the company’s common stock on Nov 20 ’24 at a price of $33.60 per share for a total of $45024.0. Following the sale, the insider now owns 20848.0 shares.
Fresh Del Monte Produce Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Berthelot Michael J (Director) sold a total of 3,300 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $33.96 per share for $0.11 million. Following the transaction, the insider now directly holds 10107.0 shares of the FDP stock.
Still, SEC filings show that on Nov 05 ’24, Berthelot Michael J (Director) Proposed Sale 3,300 shares at an average price of $33.03 for $0.11 million. The insider now directly holds shares of Fresh Del Monte Produce Inc (FDP).
