FDP Stock Summary and Trading Ideas (Fresh Del Monte Produce | NYSE:FDP)

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.

Fresh Del Monte Produce trades on the NYSE stock market under the symbol FDP.

As of April 18, 2024, FDP stock price climbed to $25.36 with 135,828 million shares trading.

FDP has a beta of -0.18, meaning it tends to be less sensitive to market movements. FDP has a correlation of 0.01 to the broad based SPY ETF.

FDP has a market cap of $1.21 billion. This is considered a Small Cap stock.

Last quarter Fresh Del Monte Produce reported $1 billion in Revenue and $.25 earnings per share. This fell short of revenue expectation by $-21 million and missed earnings estimates by -$.05.

In the last 3 years, FDP stock traded as high as $36.57 and as low as $21.41.

The top ETF exchange traded funds that FDP belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

FDP has underperformed the market in the last year with a return of -11.1%, while the SPY ETF gained +22.3%. In the last 3 month period, FDP fell short of the market, returning +1.7%, while SPY returned +6.1%. However, in the most recent 2 weeks FDP has outperformed the stock market by returning 0.0%, while SPY returned -3.8%.

FDP support price is $24.54 and resistance is $25.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDP stock will trade within this expected range on the day.