Fresh Del Monte Produce Inc.
- Open
- 28.35
- Day high
- 28.64
- Day low
- 28.13
- Prev close
- 28.73
- Volume
- 394K
- Mkt cap
- $1.4B
- P/E (TTM)
- 18.6
- EPS (TTM)
- $1.52
- P/B
- 0.7
- P/S
- 0.3
- Yield
- 3.08%
- Per share
- $0.90
- ▲Insiders net buying $118K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions mixed (13F)
Fresh Del Monte Produce Inc. (FDP) is a Consumer Defensive company listed on NYSE. The stock is down 20% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
Fresh Del Monte Produce Inc. (FDP) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FDP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.63 | $0.63 | +0.8% | $1.0B | +0.9% |
| Feb 18, 2026 | $0.82 | $0.70 | -14.6% | $1.0B | -3.3% |
| Oct 29, 2025 | $0.28 | $0.69 | +146.4% | $1.0B | +0.9% |
| Jul 30, 2025 | $0.66 | $1.23 | +86.4% | $1.2B | +13.2% |
| Apr 30, 2025 | $0.68 | $0.63 | -7.4% | $1.1B | -5.7% |
| Oct 31, 2024 | $0.48 | $0.77 | +61.8% | $1.0B | +0.1% |
| Aug 1, 2024 | $0.61 | $1.06 | +74.6% | $1.1B | -3.4% |
| May 2, 2024 | $0.61 | $0.34 | -44.3% | $1.1B | -3.6% |
| Feb 26, 2024 | $0.31 | $0.25 | -19.4% | $1.0B | -2.4% |
| Nov 1, 2023 | $0.43 | $0.35 | -18.6% | $1.0B | -6.5% |
| Aug 2, 2023 | $0.59 | $0.96 | +62.7% | $1.2B | -3.1% |
| May 3, 2023 | $0.60 | $0.55 | -8.3% | $1.1B | -2.5% |
FDP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | Abu-Ghazaleh Ahmaddirector | Buy | 4,000 | $29.41 |
| Jun 1, 2026 | Pelaez Reyes Jorgeofficer: SVP, Central America | Sell | 2,622 | $33.19 |
| May 6, 2026 | ABU GHAZALEH AMIRdirector | Grant | 3,717 | — |
| May 6, 2026 | Berthelot Michael Jdirector | Option | 149 | — |
| May 6, 2026 | Beard Charles Jr.director | Grant | 3,717 | — |
| May 6, 2026 | MARCUS LORI TAUBERdirector | Option | 4,489 | — |
| May 6, 2026 | Abu-Ghazaleh Ahmaddirector | Grant | 3,717 | — |
| May 6, 2026 | PURI AJAIdirector | Grant | 3,717 | — |
| May 6, 2026 | PURI AJAIdirector | Option | 4,489 | — |
| May 6, 2026 | Beard Charles Jr.director | Option | 149 | — |
| May 6, 2026 | MARCUS LORI TAUBERdirector | Grant | 3,717 | — |
| May 6, 2026 | ABU GHAZALEH AMIRdirector | Option | 149 | — |
| May 6, 2026 | Cloyd Mary Anndirector | Grant | 3,717 | — |
| May 6, 2026 | MARCUS LORI TAUBERdirector | Option | 149 | — |
| May 6, 2026 | Abu-Ghazaleh Ahmaddirector | Option | 149 | — |
Source: FDP SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full FDP insider & 13F page →Fresh Del Monte Produce Inc. company profile
Overview
Fresh Del Monte Produce Inc. (NYSE:FDP) is a global producer, marketer, and distributor of fresh fruits and vegetables founded in 1886. The company went public in 1997 and is headquartered in George Town, Cayman Islands. Fresh Del Monte operates as one of the world's leading fresh produce companies, with operations spanning North America, Europe, the Middle East, Africa, and Asia. The company has evolved from its traditional banana business into a diversified fresh produce enterprise, with particular strength in pineapples, fresh-cut products, and value-added offerings under the iconic Del Monte brand and other regional brands.
Business
Fresh Del Monte operates in the global fresh produce industry, which involves growing, harvesting, processing, and distributing fresh fruits and vegetables to retailers, foodservice operators, and consumers worldwide. The fresh produce industry is characterized by seasonal growing cycles, perishable products requiring sophisticated cold-chain logistics, and consumer demand for healthy, convenient food options. The company operates through three main business segments: 1. **Fresh and Value-Added Products Segment** (approximately 61% of revenue): This is the company's largest and most profitable segment, encompassing pineapples, fresh-cut fruits and vegetables, melons, non-tropical fruits (grapes, apples, citrus, berries), avocados, and prepared foods. The segment includes innovative pineapple varieties like Honeyglow, PINKGLOW, and Rubyglow, which command premium prices. Fresh-cut products involve pre-processing fruits and vegetables into ready-to-eat formats for convenience-oriented consumers. Value-added products include fresh guacamole, prepared salads, and meal components that offer higher margins than commodity produce. 2. **Banana Segment** (approximately 34% of revenue): This traditional segment focuses on banana cultivation, harvesting, and distribution. Bananas are grown primarily in tropical regions and require specialized logistics for global distribution. The segment has faced margin pressure due to increased competition and rising production costs, leading the company to focus more on rational volume management rather than market share maximization. 3. **Other Products and Services Segment** (approximately 5% of revenue): This includes poultry and meat products, third-party freight and logistics services, and manufacturing of plastic packaging materials like bins, trays, and boxes. The freight services leverage the company's global logistics network to serve external customers.
Revenue model
Fresh Del Monte generates revenue primarily through product sales to a diverse customer base including retail stores, club stores, convenience stores, wholesalers, distributors, and foodservice operators. The company's business model involves vertical integration across the supply chain, from farming and cultivation to processing, packaging, and distribution. The revenue model varies by segment. The Fresh and Value-Added Products segment generates higher margins through premium pricing on innovative products like specialty pineapples, which can command 20-30% price premiums over conventional varieties. Fresh-cut products capture value-added processing margins by providing convenience to consumers. The Banana segment operates on thinner margins typical of commodity products, relying on volume and operational efficiency. The Other Products and Services segment generates revenue through manufacturing sales and logistics service fees. Several factors influence the company's profitability margins. **Positive margin drivers** include successful product innovation and differentiation (specialty pineapples now represent 20% of pineapple volume), operational efficiency improvements through facility consolidation, strategic pricing discipline, and expansion into higher-margin value-added products. Weather conditions favorable to crop yields and stable commodity pricing also support margins. **Negative margin pressures** come from inflation in labor, transportation, and packaging costs, competitive pricing pressure in commodity segments like bananas, adverse weather affecting crop yields, supply chain disruptions increasing logistics costs, and currency fluctuations given the company's global operations. Rising minimum wages in agricultural regions and increasing regulatory compliance costs also pressure margins. The company's strategy focuses on shifting the product mix toward higher-margin offerings while maintaining operational excellence in traditional segments.
Competitive moat
Fresh Del Monte's competitive moat is moderate, built primarily on brand recognition, vertical integration, and product innovation capabilities. The Del Monte brand carries significant consumer recognition and trust, particularly in pineapples where the company has established itself as a premium provider. The company's vertical integration from farm to retail provides supply chain control and quality assurance that many competitors cannot match. The company's strongest moat exists in its proprietary pineapple varieties, where it controls approximately 70% of production volume for specialty varieties like Honeyglow and PINKGLOW. These products are protected by plant patents and require specific growing expertise, creating barriers to entry. The company's global growing operations across multiple continents provide geographic diversification and year-round supply capabilities that smaller competitors cannot replicate. However, the moat faces significant challenges. The banana segment operates in a highly commoditized market with intense competition from other major producers like Chiquita and Dole. Fresh produce is inherently difficult to differentiate beyond branding and quality, making the business vulnerable to price competition. The company lacks the scale advantages of some competitors and faces increasing pressure from private label products in retail channels. **Competitive threats** include large-scale agricultural conglomerates with greater resources, private label expansion by major retailers, and potential disruption from vertical farming technologies. Climate change poses long-term risks to traditional growing regions, while evolving consumer preferences toward organic and locally-sourced produce could challenge the company's global supply chain model. The company's moat is strongest in innovative pineapple products but weaker in commodity segments where competition is intense and switching costs are low.
Risks & safety
The company exhibits a moderate margin of safety with manageable financial risk but limited financial flexibility. **Liquidity and Solvency:** - Current ratio of 2.05 indicates adequate short-term liquidity coverage - Cash position of $34.4 million is relatively low for a $4.3 billion revenue company - Free cash flow of $36.1 million in Q1 2025 shows positive but modest cash generation - Debt-to-equity ratio of 0.20 represents manageable leverage levels - Total debt has been reduced by 39% recently, improving financial flexibility **Valuation Metrics:** - P/E ratio of 11.7 suggests reasonable valuation relative to earnings - EV/EBITDA of 7.5 is moderate for the industry - Price-to-book ratio of 0.73 indicates trading below book value - Graham number of $24.70 compared to current price of $34.01 suggests modest overvaluation **Other Considerations:** - Seasonal cash flow patterns typical of agricultural businesses create working capital volatility - Capital-intensive nature of farming operations requires ongoing investment - Exposure to commodity price fluctuations and weather risks
Recent development
Over the past few years, Fresh Del Monte has undergone a strategic transformation focused on shifting from commodity produce toward higher-margin, value-added products. The company has prioritized innovation in pineapple varieties, launching Rubyglow and Precious Honeyglow pineapples that now represent 20% of total pineapple volume and command significant price premiums. The company has expanded its fresh-cut operations, completing a major UK facility expansion that improved margins by over 60%. In North America, the company launched fresh guacamole products that achieved 315,000 units sold in less than seven months, demonstrating strong market acceptance. The company has also been consolidating its Mann Packing operations, consolidating three facilities into one location to achieve $15-20 million in annual cost savings starting in 2025. **Geographic expansion initiatives** include developing a banana project in Somalia to diversify sourcing and reduce transportation times to Middle Eastern and European markets. The company has also expanded avocado sourcing beyond Mexico to include Chile, Peru, Colombia, and the Dominican Republic. In Kenya, Fresh Del Monte launched a biofertilizer plant to reduce input costs and improve sustainability. **Sustainability and operational improvements** have been significant, with the company achieving its greenhouse gas emissions reduction target seven years ahead of schedule. The company has been exploring biomass optimization opportunities to transform fruit residues into value-added products. Asset optimization has been ongoing, with the company selling underutilized assets worth $120 million and reducing long-term debt by 39% while increasing dividend payments and approving a $150 million share repurchase program.
FDP company profile · for informational purposes only — not investment advice.
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