FRESH DEL MONTE PRODUCE Sees 12.9% Drop in Short Interest
December 22, 2022
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FRESH DEL MONTE PRODUCE ($NYSE:FDP) is a leading global producer and marketer of fresh, frozen and prepared fruits and vegetables. It is one of the world’s largest suppliers of bananas, pineapples, melons and tomatoes. The company also produces and distributes juices, beverages, and snacks. The company is listed on the New York Stock Exchange (NYSE: FDP). Recently, FRESH DEL MONTE PRODUCE has experienced a 12.9% decrease in short interest. This indicates that investors have become less bearish on the stock over time, as fewer investors are betting against the company’s future success. Short interest in a stock is an important metric for investors to watch as it can provide insight into investor sentiment about the company and its stock.
If a large number of investors are betting against the stock, this could indicate that the stock may not be performing as well as expected and may be subject to a price decrease in the future. Conversely, if short interest is decreasing, this may indicate that investors are becoming more confident in the company’s performance and the long-term prospects of the stock. It appears that investors have become more confident in FRESH DEL MONTE PRODUCE over the past few weeks, as evidenced by the drop in short interest since its peak in late June. This suggests that investors are beginning to see potential upside in the stock and may be positioning themselves for a potential increase in price. That being said, it is important for investors to do their own research before making any investment decisions.
Price History
This is despite the current media exposure mostly being positive. On Monday, FRESH DEL MONTE PRODUCE stock opened at $25.3 and closed at $26.1, up by 3.6% from last closing price of 25.2. This is good news for the company and its shareholders, as it indicates that the value of their stock is increasing. The drop in short interest is likely due to investors feeling more confident in the company’s ability to deliver on its promises and pushing the stock price up. As more investors become confident in the company’s future prospects, it is likely that the stock will continue to rise. This is good news for all involved, as it shows that investors are seeing value in FRESH DEL MONTE PRODUCE’s products and services.
The company has seen a lot of success in the past few years, and this latest drop in short interest is a clear indicator of the trust that investors have in the company. It also shows that the company is doing something right and that it is on the right track for continued success. It shows that investors have faith in the company and its products, and that they are willing to invest in it for the long term. This is good news for everyone involved, and is an indication that the company is doing something right. 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 |
| 4.42k | 69.1 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FDP. More…
| Operations | Investing | Financing |
| 82.6 | -52.9 | -23.5 |
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 |
| 3.4k | 1.44k | 39.46 |
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% | 0.2% | 2.4% |
| FCF Margin | ROE | ROA |
| 0.7% | 3.2% | 1.8% |
VI Analysis
For many investors, understanding a company’s fundamentals is essential for assessing its long-term potential. Fortunately, the VI App makes it easy to gain insight into the financial health of companies like FRESH DEL MONTE PRODUCE. According to the VI Risk Rating, FRESH DEL MONTE PRODUCE is a low risk investment from the perspectives of both financial and business aspects. The app has detected two risk warnings in the balance sheet and cash flow statement, however these are not uncommon among companies of this size. The VI App provides a comprehensive overview of FRESH DEL MONTE PRODUCE’s performance and potential. It accurately identifies key performance indicators such as profitability, liquidity, efficiency, and solvency, and provides users with data-driven insights on the company’s financial health. The app also offers an in-depth analysis of both internal and external factors that may affect the company’s performance. The VI App simplifies the process of evaluating a company’s fundamentals, making it easier for investors to assess a company’s long-term potential. With the app’s user-friendly interface and detailed analysis, investors can make informed decisions on whether or not to invest in a particular company. To access these features, simply register for a free trial on vi.app. More…
VI 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
Investing in Fresh Del Monte Produce may be a good option for those looking for a potential long-term return. The company produces a variety of fruits and vegetables, and is one of the leading suppliers in the market. It also offers a diversified portfolio of food products, including juices, snacks, and prepared foods. The company has seen a 12.9% decrease in short interest recently, which indicates that investors are beginning to have more confidence in the company’s future. Additionally, the company has been receiving positive media exposure recently, which could help to boost its stock price.
However, there are some risks to consider when investing in Fresh Del Monte Produce. The company operates in a highly competitive industry and is subject to market volatility.
Additionally, the company is dependent on external factors like weather, which means that its performance could be impacted by natural disasters or other environmental issues. Overall, Fresh Del Monte Produce may be a good option for investors who are looking for a potential long-term return. The company is well-positioned in the market and has seen positive media exposure recently. However, investors should also be aware of the potential risks associated with investing in this company, such as market volatility and external factors.
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