Amalgamated Bank Divests 1104 Shares of Fresh Del Monte Produce
August 15, 2023
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At Defense World, Amalgamated Bank has recently sold 1104 shares of Fresh Del Monte ($NYSE:FDP) Produce Inc., a leading global producer and marketer of fresh and fresh-cut fruit and vegetables. The company also produces prepared fruits and vegetables, juices, drinks, and snacks. The company also offers a full line of prepared fruit and vegetable products and juices. Fresh Del Monte Produce Inc. is known for its commitment to quality, safety, and responsible sourcing practices, as well as its sustainability initiatives.
Fresh Del Monte Produce Inc.’s shares are traded on the New York Stock Exchange under the ticker symbol “FDP.” This divestment could have an impact on Fresh Del Monte Produce Inc.’s stock price in the near future.
Price History
On Tuesday, FRESH DEL MONTE PRODUCE Inc. (NYSE: FDP) stock opened at $28.3 and closed at $28.5, which was the same as the previous day’s closing price. This comes as Amalgamated Bank, a major shareholder, announced that it had divested 1104 shares of the company during a transaction that took place on Monday. The divestiture is part of a larger trend of institutional investors gradually reducing their holdings in the company in recent months.
Analysts believe that this could be a sign of decreased confidence in the company’s financial prospects or a shift to other investments. With the stock currently hovering around the same level, it remains to be seen if any further changes will take place in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FDP. More…
| Total Revenues | Net Income | Net Margin |
| 4.4k | 138.4 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FDP. More…
| Operations | Investing | Financing |
| 99.4 | 49.7 | -119.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FDP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.37k | 1.33k | 42.28 |
Key Ratios Snapshot
Some of the financial key ratios for FDP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.7% | 47.5% | 4.7% |
| FCF Margin | ROE | ROA |
| 1.3% | 6.5% | 3.8% |
Analysis
FRESH DEL MONTE PRODUCE had a high health score of 10/10 with regard to its cashflows and debt, and is capable to safely ride out any crisis without the risk of bankruptcy. It is strong in dividend and medium in asset, growth, and profitability. Given these characteristics, we believe that this company would be attractive to investors looking for a relatively safe, income-producing asset. It may be suitable for retirees or others seeking a stable return with minimal risk, or for those who are seeking steady capital appreciation with some income. More…
Peers
Fresh Del Monte Produce Inc is one of the leading companies in the fresh fruit and vegetable industry. The company has a wide variety of products and services that are offered to their customers. They have a strong global presence and are constantly innovating to stay ahead of the competition. Some of their main competitors include Vilmorin & Cie, Apex Frozen Foods Ltd, Helio SA.
– Vilmorin & Cie ($LTS:0HJC)
Vilmorin & Cie is a French company that specializes in the breeding and distribution of seeds. The company has a market cap of 1.02B as of 2022 and a return on equity of 7.29%. Vilmorin & Cie has a long history, dating back to the 17th century, and is one of the oldest seed companies in the world. The company has a strong presence in Europe and North America, and is continuing to expand its operations globally.
– Apex Frozen Foods Ltd ($BSE:540692)
Apex Frozen Foods Ltd has a market cap of 8.79B as of 2022, a Return on Equity of 12.21%. The company is engaged in the business of processing and marketing frozen shrimp and fish products. Its products are sold in the United States, Europe, Japan and other Asian countries. The company has a strong presence in the frozen shrimp market with a market share of approximately 20%.
– Helio SA ($LTS:0LU6)
Helio SA is a publicly traded company with a market capitalization of 57.02 million as of 2022. The company has a return on equity of 11.55%. Helio SA is engaged in the business of providing environmental and engineering consulting services. The company was founded in 1997 and is headquartered in Santiago, Chile.
Summary
Fresh Del Monte Produce Inc. has recently seen a surge in trading activity as Amalgamated Bank has sold 1104 of its shares. Analysts are speculating that this may be a sign of profitability issues for the company, as they have struggled to increase their margins and keep up with the competition in recent years. However, this could also be seen as a positive sign as investors may be offloading their shares in order to buy in at a lower price point. Investing in Fresh Del Monte Produce Inc. may be a risky venture, but with potential rewards if done correctly.
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