Fresh Del Monte (FDP) is Initiated by Wunderlich to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $45. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.
Fresh Del Monte Produce Inc. has dropped 0.97% during the last 3-month period . Year-to-Date the stock performance stands at 17.41%.
Fresh Del Monte Produce, Inc. (NYSE:FDP) has lost 3.36% during the past week and dropped 10.6% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.55%. Fresh Del Monte Produce, Inc. (NYSE:FDP) has underperformed the index by 8.51% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) ended Thursday session in red amid volatile trading. The shares closed down 0.53 points or 1.34% at $38.88 with 157,121 shares getting traded. Post opening the session at $39.47, the shares hit an intraday low of $38.62 and an intraday high of $39.5 and the price vacillated in this range throughout the day. The company has a market cap of $2,032 million and the number of outstanding shares have been calculated to be 52,254,831 shares. The 52-week high of Fresh Del Monte Produce, Inc. (NYSE:FDP) is $47.49 and the 52-week low is $31.95.
Currently the company Insiders own 37.6% of Fresh Del Monte Produce, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -80.15% . Institutional Investors own 65.17% of Fresh Del Monte Produce, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -60.65%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (SVP, North America Sales) of Fresh Del Monte Produce Inc, Lazopoulos Emanuel sold 5,285 shares at $44.75 on November 19, 2015. The Insider selling transaction had a total value worth of $236,504. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Fresh Del Monte Produce Inc. (Fresh Del Monte) is a holding company. The Company is a producer, marketer and distributor of fruit and vegetables, as well as a producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. The Company markets its products worldwide under the DEL MONTE brand. It sources its fresh produce products (bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries and kiwi) primarily from Central and South America, Africa, the Philippines, North America and Europe. The Company sources its prepared food products primarily from Africa, Europe, the Middle East and Asia. Its products are sourced from company-owned operations, through joint venture arrangements and through supply contracts with independent producers. It distributes its products in North America, Europe, Asia, the Middle East, Africa and South America.