FRESH DEL MONTE PRODUCE Sees 11% Increase in Short Interest
January 6, 2023
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FDP Intrinsic Value – FRESH DEL MONTE PRODUCE ($NYSE:FDP) is an American food production and distribution company that specializes in fresh fruit and vegetables. It is known as one of the world’s leading vertically integrated food companies, with operations in Europe, Africa, the Middle East, and Asia-Pacific. Recently, the company has seen a 11.0% increase in short interest. This increase in short interest reflects the growing confidence in the company’s financial performance. The company has reported strong growth in recent quarters, with sales increasing year-over-year.
This is due largely to their focus on providing high-quality, locally sourced produce to customers. The company also has a strong presence in the organic and specialty produce markets, which has allowed them to capitalize on rising consumer demand for healthier options. They are now producing ready-to-eat meals, which provide customers with a convenient way to enjoy healthy meals with minimal preparation time. They have also launched a line of frozen fruits and vegetables, which have proven to be popular among customers looking for convenient meal solutions. With its focus on providing high quality produce and investing in innovation, the company is well-positioned to continue its strong growth in the future.
Share Price
Wednesday saw Fresh Del Monte Produce’s stock open at $26.6 and close at $26.7, up by 0.9% from the previous closing price of 26.4. This news was met with a largely positive sentiment from investors and analysts, as the stock has seen an 11% increase in short interest in the previous two weeks. This news is especially promising for investors, as Fresh Del Monte Produce has been struggling to keep up with the market for some time now. The company has seen a steady decline in its stock price since April and the recent increase in short interest is a positive indicator that investors are beginning to show confidence in the company’s future. The company’s current performance is likely due to its focus on high-quality produce and its commitment to providing fresh, healthy foods to customers.
Fresh Del Monte Produce also emphasizes sustainability and is committed to reducing its environmental impact by promoting responsible farming practices and implementing sustainable production processes. This commitment to quality and sustainability has resonated with investors, as the company has seen a rise in popularity over the past year. With the current increase in short interest, it appears that investors have faith that Fresh Del Monte Produce will continue to be a leader in the produce industry. With its focus on quality and sustainability, Fresh Del Monte Produce is sure to remain a leader in the industry for years to come. 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 – FDP Intrinsic Value
Investors often use company fundamentals to gauge the long term potential of a company. When it comes to evaluating the fundamentals of FRESH DEL MONTE PRODUCE, the VI app provides an easy way to make sense of the data. After analyzing the company’s financials, the VI Line has estimated the intrinsic value of FRESH DEL MONTE PRODUCE shares to be around $38.4. Right now, the stock is trading at $26.7, which means it is significantly undervalued by 30%. This presents an opportunity for investors to take advantage of a potential upside if the stock starts trading closer to its intrinsic value in the future. With careful analysis, investors may be able to identify and capitalize on such undervalued stocks in the market. More…
VI Peers
Fresh Del Monte Produce Inc is one of the leading companies in the fresh fruit and vegetable industry. The company has a wide variety of products and services that are offered to their customers. They have a strong global presence and are constantly innovating to stay ahead of the competition. Some of their main competitors include Vilmorin & Cie, Apex Frozen Foods Ltd, Helio SA.
– Vilmorin & Cie ($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
Analysts are overwhelmingly positive on the stock, citing its strong fundamentals, solid balance sheet and recent partnerships. The company’s fresh-cut fruit and vegetable business has seen robust growth over the past year and is driving continued revenue growth. Fresh Del Monte Produce has also seen success in its prepared foods sector, which provides a variety of pre-packaged meals and snacks. The company has also made strategic acquisitions in the convenience store sector and is well-positioned for future growth. With a strong financial position and solid outlook, investors should consider adding Fresh Del Monte Produce to their portfolios.
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