Fresh Del Monte Produce (FDP) Receives Daily Coverage Optimism Rating of 0.17

News stories about Fresh Del Monte Produce (NYSE:FDP) have trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.1170014938158 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

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Separately, TheStreet lowered shares of Fresh Del Monte Produce from a “b-” rating to a “c” rating in a research report on Monday, March 26th.

NYSE:FDP opened at $45.24 on Monday. The company has a quick ratio of 1.21, a current ratio of 2.59 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2,207.30, a PE ratio of 18.85 and a beta of 0.43. Fresh Del Monte Produce has a 1-year low of $43.02 and a 1-year high of $61.98.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $953.70 million during the quarter, compared to analyst estimates of $925.00 million. Fresh Del Monte Produce had a net margin of 2.96% and a return on equity of 6.70%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS.

Fresh Del Monte Produce declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 21st that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, March 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, March 6th.

In related news, VP Gianpaolo Renino sold 600 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $46.69, for a total transaction of $28,014.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Youssef Zakharia sold 619 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.75, for a total transaction of $28,938.25. Following the transaction, the insider now directly owns 2,005 shares of the company’s stock, valued at approximately $93,733.75. The disclosure for this sale can be found here. Insiders have sold 9,462 shares of company stock valued at $443,983 in the last ninety days. 36.90% of the stock is currently owned by company insiders.

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Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

Insider Buying and Selling by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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