Today’s Stock On Watch: Time to Buy Fresh Del Monte Produce Inc After Today’s Significant Decline?

Today's Stock On Watch: Time to Buy Fresh Del Monte Produce Inc After Today's Significant Decline?

The stock of Fresh Del Monte Produce Inc (NYSE:FDP) is a huge mover today! About 420,465 shares traded hands or 81.50% up from the average. Fresh Del Monte Produce Inc (NYSE:FDP) has risen 52.09% since April 27, 2016 and is uptrending. It has outperformed by 46.86% the S&P500.
The move comes after 7 months negative chart setup for the $3.22B company. It was reported on Nov, 30 by Barchart.com. We have $58.39 PT which if reached, will make NYSE:FDP worth $225.40M less.

Analysts await Fresh Del Monte Produce Inc (NYSE:FDP) to report earnings on February, 28. They expect $0.05 earnings per share, up 145.45% or $0.16 from last year’s $-0.11 per share. FDP’s profit will be $2.56M for 313.95 P/E if the $0.05 EPS becomes a reality. After $1.17 actual earnings per share reported by Fresh Del Monte Produce Inc for the previous quarter, Wall Street now forecasts -95.73% negative EPS growth.

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 rating was initiated by Wunderlich with “Buy” on Tuesday, January 5. Wunderlich maintained Fresh Del Monte Produce Inc (NYSE:FDP) on Wednesday, November 2 with “Buy” rating. Wunderlich maintained the shares of FDP in a report on Wednesday, May 11 with “Buy” rating. The stock has “Neutral” rating given by Sidoti on Thursday, May 12.

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 improved, 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.
Principal Finance Group Inc holds 7,165 shares or 0% of its portfolio. Citadel Ltd owns 62,636 shares or 0% of their US portfolio. Wellington Management Grp Ltd Liability Partnership last reported 15,324 shares in the company. Acadian Asset Management Lc holds 0.48% or 1.73 million shares in its portfolio. Hutchin Hill Lp accumulated 0.05% or 28,500 shares. Zacks Investment last reported 5,964 shares in the company. Glenmede Company Na holds 0% of its portfolio in Fresh Del Monte Produce Inc (NYSE:FDP) for 117 shares. The New Jersey-based Kcg Holdings Incorporated has invested 0.01% in Fresh Del Monte Produce Inc (NYSE:FDP). Royal Bankshares Of Canada holds 0% or 14,643 shares in its portfolio. Letko Brosseau & Associate owns 1.44 million shares or 0.75% of their US portfolio. Tfs Capital Limited Liability Co accumulated 35,008 shares or 0.35% of the stock. Grt Capital Partners Ltd last reported 7,933 shares in the company. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in Fresh Del Monte Produce Inc (NYSE:FDP). Voya Invest Mngmt Limited Liability Corporation holds 0% or 14,629 shares in its portfolio. Hillsdale Management Inc holds 0.12% or 7,800 shares in its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 42 selling transactions for $24.64 million net activity. LAZOPOULOS EMANUEL had sold 5,953 shares worth $356,585 on Friday, August 12. On Monday, August 15 ABU-GHAZALEH MOHAMMAD sold $1.08M worth of the stock or 18,036 shares. The insider Tenazas Marissa R sold 1,091 shares worth $61,652. ABU GHAZALEH AMIR sold 11,201 shares worth $592,645. Shares for $30,429 were sold by CONTRERAS RICHARD. Shares for $46,225 were sold by RICE PAUL. Rivera Hector had sold 6,426 shares worth $382,090 on Thursday, August 18.

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 Fool.com published article titled: “Why Fresh Del Monte Produce Inc.’s Shares Spiked 21% in May”, Businesswire.com published: “Fresh Del Monte Produce Inc. Reports Third Quarter 2016 Financial Results” on November 01, 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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