Fresh Del Monte Produce (FDP)

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7 Budget-Friendly Stocks Getting Ready to Rocket in 2024
Investor Place· 2024-07-01 20:30
Group 1: Budget-Friendly Stocks Overview - Budget-friendly stocks are becoming scarce as top-performing mega-cap stocks approach overvaluation, with moderate underperformance having significant market implications [1] - A few budget-friendly stocks remain, defined as either undervalued or priced low enough to be considered penny stocks without the associated risks [2] Group 2: Nintendo (NTDOY) - Nintendo is highlighted as a budget-friendly stock due to its long-term business strategy, maintaining a strong balance sheet with significant cash reserves and zero debt [4] - The company's focus on long-term growth rather than short-term profit maximization has contributed to its enduring success since 1889 [4] Group 3: PSQ Holdings (PSQH) - PSQ Holdings operates a digital marketplace aimed at aligning consumer purchases with their values, representing a shift in eCommerce trends [6][7] - The company trades around $3.75 per share with a market cap of $110 million, indicating potential for growth as a newcomer in the stock market [11] Group 4: Rumble (RUM) - Rumble has seen increased viewership, particularly during significant events like the Presidential Debate, distinguishing itself from competitors like YouTube [9] - The platform reported a loss of $0.14 per share, outperforming analyst expectations, and has filed an antitrust lawsuit against Google, positioning itself as a notable underdog in the market [18] Group 5: Stem (STEM) - Stem trades at approximately $1.10 per share with a market cap of $171 million, focusing on AI and sustainable energy, which supports its long-term growth potential [20] - The company's Athena software optimizes energy distribution, making it valuable for large-scale clients managing renewable energy resources [21] Group 6: Fresh Del Monte Produce (FDP) - Fresh Del Monte Produce is characterized as a defensive budget-friendly stock, with a recent 15% reduction in total debt and a 5% revenue increase in its fresh and value-added sales segment [25][26] - The company offers a 5.25% dividend yield, making it an attractive option for investors looking to build a budget-friendly portfolio [26] Group 7: Great Lakes Dredge & Dock (GLDD) - Great Lakes Dredge & Dock operates in the niche sector of waterway management, which is essential for the global supply chain and is relatively recession-proof [28] - The company reported an EBITDA of $43 million, the highest since late 2021, and is positioned to benefit from a record $8.7 billion budget from the U.S. Army Corps of Engineers [29][30]
Fresh Del Monte: Deep Value Winner, With Sustainable 5% Cash Yield
Seeking Alpha· 2024-06-20 13:34
ArtistGNDphotography/E+ via Getty Images We believe that produce only tastes as good as the way it's grown-the more care and heart we put into our harvests, the more delicious goodness you get to enjoy. Fresh Del Monte Produce Website - June 19tth, 2024 Bullish Valuation Setup The amazing and rare part of the valuation equation is the current net "enterprise value" of $1.41 billion (total equity eapitalization plus debt minus cash holdings) is LOWER than traditional cost-accounting measured tangible book va ...
3 Blue-Chip Stocks to Triple Your Wealth by 2026: June Edition
Investor Place· 2024-06-14 10:13
If this year's market volatility has left you reeling, you're not alone. But, despite the high valuations plaguing many tech stocks, plenty of top-tier, high-quality blue-chip stocks are waiting in the wings to bring muchneeded stability to investors' portfolios. During the ongoing rally, stock values fluctuated dramatically, prompting a shift towards small-cap, tech and growth stocks. While these investments have been profitable, they may not represent the best strategy for longterm stability. Instead, the ...
Fresh Del Monte Produce (FDP) - 2024 Q1 - Quarterly Report
2024-05-03 19:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————— FORM 10-Q ——————————— (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 333-07708 (Commission file number) ——————————— FRESH DEL MONTE PRODUCE INC. (Exact Name of Registrant as Specified in Its Charter) ...
Fresh Del Monte Produce (FDP) - 2024 Q1 - Earnings Call Presentation
2024-05-03 00:14
• Released new pineapple offerings, Rubyglow® pineapple and Precious Honeyglow® pineapple NET SALES Q1: $82M vs. $97M PY ADJ. OPERATING INCOME* 7 *Non-GAAP financial measure. Reconciliations and other information required by Regulation G can be found in the Appendix section of the presentation. 7 Q1 2024 • Avocado revenue increased 23% compared with prior-year period due to pricing improvements GROSS PROFIT 9 Q1 2024 $43 Q1 2023 • Gross margin decreased to 5.7% compared with 10.2% in the prior-year period $ ...
Fresh Del Monte Produce (FDP) - 2024 Q1 - Earnings Call Transcript
2024-05-03 00:14
Fresh Del Monte Produce Inc. (NYSE:FDP) Q1 2024 Earnings Conference Call May 2, 2024 4:45 PM ET Company Participants Claudia Pou - Vice President, Corporate Communications Mohammad Ghazaleh - Chairman and CEO Monica Vicente - Senior Vice President and CFO Conference Call Participants Mitch Pinheiro - Sturdivant & Company Operator Good day, everyone. And welcome to Fresh Del Monte Produce’s First Quarter 2024 Earnings Conference Call. Today’s conference call is being broadcast live over the internet and is a ...
Fresh Del Monte Produce (FDP) - 2024 Q1 - Quarterly Results
2024-05-02 20:09
Fresh Del Monte Produce Inc. Fresh Del Monte Produce Inc. Reports First Quarter Earnings for Fiscal 2024 Fresh and Value-Added Segment Revenue Increased 5% Compared to Prior-Year Avocado Revenue Increased 23% Driven by Year-Over-Year Pricing Improvement Financial highlights for the first quarter 2024: Net sales for the first quarter of 2024 were $1,107.9 million compared with $1,128.5 million in the prior-year period. The decrease in net sales was a result of lower banana net sales, driven by lower volume a ...
SEMCAP Food & Nutrition Welcomes Fresh Del Monte as an Anchor Investor
Newsfilter· 2024-03-13 13:00
PHILADELPHIA, March 13, 2024 (GLOBE NEWSWIRE) -- SEMCAP Food & Nutrition (SEMCAP) is pleased to announce the addition of Fresh Del Monte (NYSE:FDP) as a key partner and investor in the first closing of the firm's inaugural Food & Nutrition investment strategy. Having launched the Food & Nutrition platform in 2021, the SEMCAP Food team executed three transactions prior to the launch of the Fund in Q4 2023. SEMCAP was pleased to partner with Fresh Del Monte on two of those three investments in Purely Elizabet ...
Fresh Del Monte Produce (FDP) - 2023 Q4 - Earnings Call Transcript
2024-02-26 17:17
Fresh Del Monte Produce Inc. (NYSE:FDP) Q4 2023 Earnings Conference Call February 26, 2024 10:00 AM ET Company Participants Claudia Pou - Vice President, Corporate Communications Mohammad Abu-Ghazaleh - Chairman and Chief Executive Officer Monica Vicente - Senior Vice President and Chief Financial Officer Conference Call Participants Mitch Pinheiro - Sturdivant & Company Operator Good day, everyone, and welcome to Fresh Del Monte Produce’s Fourth Quarter and Full Fiscal Year 2023 Conference Call. Today’s co ...
Fresh Del Monte Produce (FDP) - 2023 Q4 - Earnings Call Presentation
2024-02-26 17:15
Q42023 Earnings Call Presentation February 26, 2024 1 Mohammad Abu-Ghazaleh Chairman & CEO Monica Vicente SVP, CFO FORWARD-LOOKING STATEMENTS This presentation and the related earnings call contain certain forward-looking statements regarding the intent, beliefs or current expectations of the Company. These statements include statements that are preceded by, followed by or include the words "believes", "expects", "anticipates", "may," "will," "outlook," "plan" or similar expressions with respect to various ...