The stock of Fresh Del Monte Produce Inc (NYSE:FDP) reached all time high today, Nov, 21 and still has $93.19 target or 42.00% above today’s $65.63 share price. This indicates more upside for the $3.48 billion company. This technical setup was reported by Barchart.com. If the $93.19 PT is reached, the company will be worth $1.46 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.55% or $0.36 during the last trading session, hitting $65.63. About 155,926 shares traded hands. Fresh Del Monte Produce Inc (NYSE:FDP) has risen 54.28% since April 19, 2016 and is uptrending. It has outperformed by 50.42% the S&P500.
Fresh Del Monte Produce Inc (NYSE:FDP) Ratings Coverage
Out of 2 analysts covering Fresh Del Monte (NYSE:FDP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Fresh Del Monte has been the topic of 4 analyst reports since January 5, 2016 according to StockzIntelligence Inc. The stock of Fresh Del Monte Produce Inc (NYSE:FDP) earned “Buy” rating by Wunderlich on Tuesday, January 5. The stock has “Buy” rating given by Wunderlich on Wednesday, November 2. The firm earned “Buy” rating on Wednesday, May 11 by Wunderlich. The firm earned “Neutral” rating on Thursday, May 12 by Sidoti.
According to Zacks Investment Research, “Fresh Del Monte Produce Inc. is a world leader in the production, distribution and marketing of fresh produce. The products are marketed throughout the world under the DEL MONTE brand name and is a widely recognized symbol of product quality and reliability. The major products are bananas, pineapples, deciduous fruit and melons. The deciduous fruit the company sells includes primarily grapes, plums, nectarines, peaches, apricots, cherries, apples, pears and citrus.”
Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 0.10, from 1.42 in 2016Q1. The ratio increased, as 10 funds sold all Fresh Del Monte Produce Inc shares owned while 50 reduced positions. 36 funds bought stakes while 49 increased positions. They now own 30.97 million shares or 7.54% less from 33.50 million shares in 2016Q1.
Hanseatic Management Service Inc holds 0.02% or 788 shares in its portfolio. Blackrock Group Incorporated Limited accumulated 34,232 shares or 0% of the stock. Bnp Paribas Arbitrage has 3,641 shares for 0% of their US portfolio. First Advsrs Lp holds 0% of its portfolio in Fresh Del Monte Produce Inc (NYSE:FDP) for 23,884 shares. State Board Of Administration Of Florida Retirement System holds 0% or 27,343 shares in its portfolio. Aqr Cap Ltd Liability Company, a Connecticut-based fund reported 343,540 shares. Numeric Investors Ltd Liability Corporation accumulated 0.23% or 480,135 shares. Citadel Advsr Limited Liability Corp accumulated 62,636 shares or 0% of the stock. Blackrock, a New York-based fund reported 149,528 shares. Bank Of Mellon, a New York-based fund reported 431,069 shares. Citigroup has 31,012 shares for 0% of their US portfolio. Huntington Bank & Trust holds 0% of its portfolio in Fresh Del Monte Produce Inc (NYSE:FDP) for 2,234 shares. Breton Hill Ltd last reported 0.27% of its portfolio in the stock. The Pennsylvania-based Vanguard has invested 0.01% in Fresh Del Monte Produce Inc (NYSE:FDP). Dimensional Fund Advsr Lp holds 0.14% of its portfolio in Fresh Del Monte Produce Inc (NYSE:FDP) for 4.41M shares.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 42 insider sales for $24.22 million net activity. Zakharia Youssef also sold $15,427 worth of Fresh Del Monte Produce Inc (NYSE:FDP) on Tuesday, August 2. $2.56M worth of Fresh Del Monte Produce Inc (NYSE:FDP) was sold by EL-NAFFY HANI on Friday, August 5. $460,410 worth of Fresh Del Monte Produce Inc (NYSE:FDP) was sold by ABU-GHAZALEH MOHAMMAD on Monday, November 7. Tenazas Marissa R sold 1,075 shares worth $60,802. $1.75 million worth of Fresh Del Monte Produce Inc (NYSE:FDP) shares were sold by ABU GHAZALEH AMIR. CONTRERAS RICHARD sold $30,854 worth of stock. Mancilla Sergio had sold 6,625 shares worth $397,500 on Friday, August 5.
More important recent Fresh Del Monte Produce Inc (NYSE:FDP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Fresh Del Monte Produce, Autoliv and Archer Daniels Midland” on November 10, 2016, also Businesswire.com published article titled: “Fresh Del Monte Produce Inc. Reports Third Quarter 2016 Financial Results”, Fool.com published: “Why Fresh Del Monte Produce Inc.’s Shares Spiked 21% in May” on June 02, 2016. More interesting news about Fresh Del Monte Produce Inc (NYSE:FDP) was released by: Nasdaq.com and their article: “Fresh Del Monte Produce, Inc. (FDP) Ex-Dividend Date Scheduled for November 14 …” with publication date: November 11, 2016.
FDP Company Profile
Fresh Del Monte Produce Inc., incorporated on August 29, 1996, is a holding company. Through its subsidiaries, the Company is engaged in sourcing, transportation and marketing of fresh and fresh-cut fruit and vegetables together with prepared food products in Europe, Africa and the Middle East. The Company’s activities are aggregated into business divisions on the basis of its products: bananas, other fresh produce and prepared food. The Firm sources its fresh produced products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries and kiwi from Central and South America, Africa, the Philippines, North America and Europe. The Firm sources its prepared food products from Africa, Europe and the Middle East. It distributes its products in North America, Europe, Asia, the Middle East, Africa and South America. The Firm markets its products across the world under the DEL MONTE brand. It also sells produce under various other brands, including UTC, Rosy, Fruit Express, Just Juice, Fruitini and other regional brands.
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