Last $31.94 USD
Change Today +0.14 / 0.44%
Volume 122.2K
FDP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

fresh del monte produce inc (FDP) Snapshot

Open
$31.78
Previous Close
$31.80
Day High
$32.00
Day Low
$31.60
52 Week High
08/29/14 - $32.00
52 Week Low
02/18/14 - $24.00
Market Cap
1.8B
Average Volume 10 Days
200.1K
EPS TTM
$1.21
Shares Outstanding
55.5M
EX-Date
08/11/14
P/E TM
26.4x
Dividend
$0.50
Dividend Yield
1.56%
Current Stock Chart for FRESH DEL MONTE PRODUCE INC (FDP)

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fresh del monte produce inc (FDP) Details

Fresh Del Monte Produce Inc. produces, markets, and distributes fresh and fresh-cut fruit and vegetables worldwide. The company provides various fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, and kiwi. It also offers other fruit, including strawberries, plantains, and mangos; prepared foods comprising prepared fruit and vegetables, juices, beverages, snacks, poultry, and meat products; and vegetables comprising potatoes, onions, bell peppers, and cucumbers. In addition, the company is involved in the ocean freight business; and the manufacture of plastic and box products, including bins, trays, bags, and boxes. It offers its products primarily under the DEL MONTE brand, as well as under other brands, such as UTC, Rosy, Fruit Express, Just Juice, Fruitini, and other regional brands. The company markets and distributes its products primarily to retail stores, club stores, wholesalers, distributors, and foodservice operators. Fresh Del Monte Produce Inc. was founded in 1886 and is based in George Town, Cayman Islands.

46,000 Employees
Last Reported Date: 02/21/14
Founded in 1886

fresh del monte produce inc (FDP) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $1.2M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $996.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $408.3K
Senior Vice President of Colombia, Ecuador, C...
Total Annual Compensation: $469.6K
Senior Vice President of North American Opera...
Total Annual Compensation: $418.2K
Compensation as of Fiscal Year 2013.

fresh del monte produce inc (FDP) Key Developments

Fresh Del Monte Produce Inc. Declares Interim Cash Dividend, Payable on September 5, 2014

Fresh Del Monte Produce Inc. announced that its board of directors declared an interim cash dividend of twelve and a half cents ($0.125) per share, payable on September 5, 2014 to shareholders of record on August 13, 2014.

Fresh Del Monte Produce Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 27, 2014; Provides Capital Expenditures Guidance for 2014

Fresh Del Monte Produce Inc. reported earnings results for the second quarter and six months ended June 27, 2014. Net sales for the second quarter of 2014 increased 11% to $1,131.3 million, compared with $1,023.9 million in the second quarter of 2013. The increase in net sales for the quarter was primarily due to higher sales volume in all of the company's business segments. Operating income was $75.3 million, compared with $51.2 million in the second quarter of 2013. The increase in operating income was primarily due to higher gross profit. Net income was $64.3 million, compared with $62.0 million in the second quarter of 2013. EBIT was $70.8 million against $68.0 million a year ago. Net income attributable to company was $64.3 million against $62.0 million a year ago. Diluted per share was $1.19 against $1.02 a year ago. The second quarter results were further enhanced by higher sales volume in all of business segments, stronger than ever pricing in Europe and Middle East region, along with increased demand for several of the products this quarter, particularly bananas, pineapples and avocados. Prepared Food business also had better year-over-year results. The company spent $31 million on capital expenditures in the second quarter of 2014. For the six months, the company has posted net sales of $2,113.6 million against $1,942.7 million a year ago. Operating income was $140.5 million against $104.7 million a year ago. EBIT was $135.7 million against $119.3 million a year ago. Net income was $124.3 million against $103.8 million a year ago. Net income attributable to company was $122.9 million against $103.1 million a year ago. Net cash provided by operating activities was $192.8 million against $125.5 million a year ago. The increase in cash provided by operating activities was principally attributable to higher net income and effective inventory management. Capital expenditures were $81.9 million against $57.3 million a year ago. Diluted per share was $2.18 against $1.72 a year ago. The company expects to spend approximately $150 million in 2014.

Fresh Del Monte Produce Seeks Acquisitions

Fresh Del Monte Produce Inc. (NYSE:FDP) is seeking acquisitions. Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Fresh Del Monte, said, "We are looking at acquisitions. If anything that makes sense to us, which a reasonable valuation, I think which adds to our existing operations and adds value to it, I think we are looking at it very seriously."

 

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FDP

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Valuation FDP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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