Fresh Del Monte Produce Stock (NYSE: FDP)

Latest news for Fresh Del Monte Produce (NYSE:FDP) Stock

Fresh Del Monte Produce

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.

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Fresh Del Monte Produce, Inc. Common Stock

Fresh Del Monte Produce Inc

U.S. stocks were lower, with the Dow Jones index falling over 900 points on Friday.
Shares of MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) rose sharply during Friday's session after the company reported better-than-expected quarterly financial results.
Mercado Libre reported net revenue of $5.07 billion in the second quarter, up 42% year-over-year. The revenue beat a Street consensus estimate of $4.68 billion, according to data from Benzinga Pro.
The company reported a 36% year-over-year increase in total payment volume for the second quarter and a 20% year-over-year rise in gross merchandise volume. Earnings per share were $10.48 in the second quarter, beating a Street consensus estimate of $8.43.
MercadoLibre shares jumped 9.6% to $1,760.79 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 26% to $24.50.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) shares surged 23.6% to $43.52 in pre-market trading following better-than-expected second-quarter earnings and strong guidance.</li>
<li>Cerus Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERS#NASDAQ">CERS</a>) gained 23% to $2.5200  after the company reported better-than-expected second-quarter EPS results and raised its FY24 product revenue guidance above estimates..</li>
<li>Integral Ad Science Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) shares gained 14.9% to $11.38 after the company reported better-than-expected quarterly financial results and issued FY24 revenue guidance above estimates.</li>
<li>Willdan Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLDN#NASDAQ">WLDN</a>) climbed 10.1% to $36.52 after the company reported better-than-expected second-quarter financial results.</li>
<li>Fresh Del Monte Produce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) gained 8.6% to $26.73 following better-than-expected earnings.</li>
<li>ICF International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICFI#NASDAQ">ICFI</a>) rose 8.3% to $158.06 following upbeat quarterly results.</li>
<li>EZCORP, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) jumped 8.2% to $11.35.</li>
<li>Standard BioTools Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAB#NYSE">LAB</a>) gained 7.7% to $1.530.</li>
<li>Bright Horizons Family Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFAM#NYSE">BFAM</a>) gained 7.5% to $127.32 following strong quarterly results.</li>
<li>DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) rose 6.7% to $115.52 as the company posted upbeat earnings.</li>
<li>GoDaddy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) jumped 5.8% to $149.66 after the company reported better-than-expected second-quarter sales results..</li>
<li>The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) gained 4.3% to $139.94 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY24 adjusted EPS guidance above estimates.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40131885/dow-dips-over-400-points-apple-posts-upbeat-earnings">Dow Dips Over 400 Points; Apple Posts Upbeat Earnings</a></li>
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WIIM

Fresh Del Monte Produce shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) reported quarterly earnings of $1.06 per share which beat the analyst consensus estimate of $0.60 by 76.67 percent. This is a 10.42 percent increase over earnings of $0.96 per share from the same period last year. The company reported quarterly sales of $1.140 billion which missed the analyst consensus estimate of $1.181 billion by 3.51 percent. This is a 3.47 percent decrease over sales of $1.181 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Fresh Del Monte Produce Q2 2024 Adj. EPS $1.06 Beats $0.60 Estimate, Sales $1.140B Miss $1.181B Estimate

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">PBF Energy</h3>
<ul>
<li>The Trade: PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) 10% owner Control Empresarial de Capitales S.A. de C.V. a<a href="https://www.benzinga.com/quote/PBF/analyst-ratings">cquired a total of 638,000 shares</a> at an average price of $44.10. To acquire these shares, it cost around $28.13 million.</li>
<li>What's Happening: PBF Energy is expected to release its earnings results for the second quarter on Thursday, August 1.</li>
<li>What PBF Energy Does: PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.</li>
</ul>
<h3 class="wp-block-heading">Fresh Del Monte Produce</h3>
<ul>
<li>The Trade: Fresh Del Monte Produce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) SVP, CHRO Marissa R Tenazas acquired a total of 2,000 shares at an average price of $21.85. To acquire these shares, it cost around $43,694.</li>
<li>What's Happening: On May 2, Fresh Del Monte Produce posted downbeat quarterly earnings.</li>
<li>What Fresh Del Monte Produce Does: Fresh Del Monte Produce Inc is an integrated producer, marketer &amp; distributor of fresh-cut fruit &amp; vegetables.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">AMREP</h3>
<ul>
<li>The Trade: AMREP Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXR#NYSE">AXR</a>) 10% owner James H Dahl <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $18.88. To acquire these shares, it cost around $188,792.</li>
<li>What's Happening: On March 8, AMREP reported earnings of 2 cents per share for its 2024 fiscal third quarter, versus year-ago earnings of $3.12 per share.</li>
<li>What AMREP Does: Amrep Corp through its subsidiaries is engaged in the Real estate business.</li>
</ul>
<h3 class="wp-block-heading">CSP</h3>
<ul>
<li>The Trade: CSP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSPI#NASDAQ">CSPI</a>) Director Joseph R Nerges <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 5,264 shares</a> at an average price of $13.97. The insider spent around $73,548 to buy those shares. </li>
<li>What's Happening: On May 8, CSP reported an increase in EPS for the second quarter.</li>
<li>What CSP Does: CSP Inc along with its subsidiaries develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and high-performance cluster computer systems.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39379183/wall-streets-most-accurate-analysts-weigh-in-on-3-real-estate-stocks-with-over-8-dividen">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields</a>

Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.60 by 43.33 percent. This is a 38.18 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $1.108 billion which missed the analyst consensus estimate of $1.152 billion by 3.79 percent. This is a 1.77 percent decrease over sales of $1.128 billion the same period last year.

Fresh Del Monte Produce Q1 2024 Adj EPS $0.34 Misses $0.60 Estimate, Sales $1.108B Miss $1.152B Estimate

Tuesday marks the last chance for investors to receive the next dividend payout from Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 25 cents per share. On Wednesday, Fresh Del Monte Produce will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FDP as of the end of Tuesday's session are eligible to receive the 25 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Fresh Del Monte Produce <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Fresh Del Monte Produce's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

Mr. Abu-Ghazaleh added, &quot;During the fall of this year, we conducted a strategic review and assessed our operational priorities of our North America operations, including Mann Packing. Preliminary findings of this review were finalized in the fourth quarter. As a result of this strategic review and other factors, we recorded a non-cash impairment of $131.2 million in the quarter, primarily related to our Mann Packing operation. We are exploring strategic alternatives for this business while continuing to focus on improving profitability in all areas of our business, including innovations and strategic partnerships, in addition to controlling our costs this next fiscal year.&quot;

General

Fresh Del Monte Produce Explores Strategic Alternatives for Mann Packing Operation

Fresh Del Monte Produce Increases Quarterly Dividend By 25% To $0.25 Payable On March 29, To Shareholders Of Record On March 7.

Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.30 by 16.67 percent. This is a 44.44 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $1.01 billion which missed the analyst consensus estimate of $1.03 billion by 2.08 percent. This is a 3.02 percent decrease over sales of $1.04 billion the same period last year.

Fresh Del Monte Produce Q4 Adjusted EPS $0.25 Misses $0.30 Estimate, Sales $1.01B Miss $1.03B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million.
&bull; Krystal Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NASDAQ">KRYS</a>) is estimated to report quarterly loss at $0.37 per share on revenue of $28.61 million.
&bull; Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $5.48 billion.
&bull; Clear Channel Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $610.14 million.
&bull; Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $96.20 million.
&bull; BioCryst Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) is projected to report quarterly loss at $0.24 per share on revenue of $90.01 million.
&bull; Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $1.03 billion.
&bull; Gilat Satellite Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $75.98 million.
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&bull; Playtika Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $629.98 million.
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&bull; Alpha Metallurgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) is projected to report quarterly earnings at $9.07 per share on revenue of $796.65 million.
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&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is likely to report earnings for its fourth quarter.
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&bull; Domino&#39;s Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) is likely to report quarterly earnings at $4.37 per share on revenue of $1.42 billion.
&bull; Fidelity National Info (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is expected to report quarterly earnings at $0.94 per share on revenue of $2.53 billion.
&bull; Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $4.47 billion.
&bull; Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is expected to report quarterly loss at $0.12 per share on revenue of $5.21 million.
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&bull; Innovative Ind Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>) is likely to report earnings for its fourth quarter.
&bull; Diversified Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DHC#NASDAQ">DHC</a>) is likely to report earnings for its fourth quarter.
&bull; Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) is likely to report earnings for its fourth quarter.
&bull; Dril-Quip (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRQ#NYSE">DRQ</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $118.50 million.
&bull; Revolution Medicines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVMD#NASDAQ">RVMD</a>) is likely to report quarterly loss at $0.90 per share on revenue of $1.09 million.
&bull; FibroGen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) is expected to report quarterly loss at $0.42 per share on revenue of $38.90 million.
&bull; Quanterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTRX#NASDAQ">QTRX</a>) is likely to report quarterly loss at $0.32 per share on revenue of $29.84 million.
&bull; Staar Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAA#NASDAQ">STAA</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $75.89 million.
&bull; Sezzle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) is projected to report earnings for its fourth quarter.
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&bull; Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $1.92 billion.
&bull; Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is likely to report quarterly loss at $0.09 per share on revenue of $41.74 million.
&bull; EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) is projected to report quarterly loss at $0.32 per share on revenue of $49.81 million.
&bull; SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) is expected to report quarterly loss at $0.28 per share on revenue of $37.61 million.
&bull; Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) is projected to report quarterly loss at $0.02 per share on revenue of $245.82 million.
&bull; Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $193.29 million.
&bull; Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $228.30 million.
&bull; RLJ Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $314.28 million.
&bull; KNOT Offshore Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $71.33 million.
&bull; ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $5.89 billion.
&bull; Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) is likely to report quarterly loss at $0.42 per share on revenue of $564.02 million.
&bull; Everbridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVBG#NASDAQ">EVBG</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $114.66 million.
&bull; MidCap Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFIC#NASDAQ">MFIC</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $67.63 million.
&bull; Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.13 billion.
&bull; Heidrick &amp; Struggles Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $248.12 million.
&bull; SkyWater Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) is projected to report quarterly loss at $0.12 per share on revenue of $74.84 million.
&bull; FS KKR Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $453.28 million.
&bull; CrossAmerica Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAPL#NYSE">CAPL</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.11 billion.
&bull; PubMatic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PUBM#NASDAQ">PUBM</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $78.20 million.
&bull; MasterBrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBC#NYSE">MBC</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $666.70 million.
&bull; Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $298.26 million.
&bull; New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $93.28 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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WDAY

Earnings Scheduled For February 26, 2024

Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here's what investors need to know before the announcement.
Analysts estimate that Fresh Del Monte Produce will report an earnings per share (EPS) of $0.30. 
Fresh Del Monte Produce bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.07, which was followed by a 5.91% increase in the share price the next day.
Here's a look at Fresh Del Monte Produce's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.42</td>
<td>0.59</td>
<td>0.59</td>
<td>-0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.96</td>
<td>0.55</td>
<td>0.45</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.0%</td>
<td>-0.0%</td>
<td>0.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708707708_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Fresh Del Monte Produce were trading at $23.97 as of February 22. Over the last 52-week period, shares are down 22.58%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/FDP/earnings">To track all earnings releases for Fresh Del Monte Produce visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Fresh Del Monte Produce

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>The Vita Coco Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coco#NASDAQ">COCO</a>)</h3>
<ul>
<li>On Jan. 31, Goldman Sachs analyst Bonnie Herzog maintained Vita Coco with a Buy and lowered the price target from $32 to $28. The company&rsquo;s stock fell around 21% over the past month and has a <a href="https://www.benzinga.com/quote/COCO">52-week low of $13.40 </a>.</li>
<li>RSI Value: 25.44</li>
<li>COCO Price Action: Shares of Vita Coco fell 1.7% to close at $19.61 on Monday.</li>
</ul>
<h3>MGP Ingredients, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgpi#NASDAQ">MGPI</a>)</h3>
<ul>
<li>On Jan. 8, MGP Ingredients announced the promotion of Amel Pasagic to the newly created position of Chief Commercial Officer. &ldquo;Amel&rsquo;s wealth of experience and his unique strategic view of our business will be critical in driving the next phase of growth for MGP,&rdquo; said David Bratcher, MGP President and Chief Executive Officer. &ldquo;We are fortunate to have Amel assume this new role and look forward to his leadership as we continue to leverage the solid foundation we have established and seize the significant opportunities that remain ahead of us.&rdquo; The company&rsquo;s stock fell around 8% over the past five days. It <a href="https://www.benzinga.com/quote/MGPI"> has a 52-week low </a> of $81.11.</li>
<li>RSI Value: 29.40</li>
<li>MGPI Price Action: Shares of MGP Ingredients fell 3% to close at $81.64 on Monday.</li>
</ul>
<h3>Fresh Del Monte Produce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdp#NYSE">FDP</a>)</h3>
<ul>
<li>On Nov. 1, Fresh Del Monte Produce reported worse-than-expected third-quarter results. The company&rsquo;s stock fell around 12% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/FDP"> low of $21.41.</a></li>
<li>RSI Value: 29.26</li>
<li>FDP Price Action: Shares of Fresh Del Monte Produce fell 3% to close at $23.79 on Monday.</li>
</ul>
<h3>Grocery Outlet Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/go#NASDAQ">GO</a>)</h3>
<ul>
<li>On Jan. 25, Grocery Outlet announced that it has appointed Ramesh Chikkala to the newly created position of EVP, Chief Operations Officer. &quot;Ramesh is an ideal fit for this new position with his extensive leadership and operating experience in both supply chain and technology,&quot; said RJ Sheedy, President and Chief Executive Officer. &quot;He has deep expertise in end-to-end supply chain transformation and business digitalization. This position represents continued investment in our business operations, which is critical to delivering our value proposition and supporting future revenue and profit growth.&quot; The company&rsquo;s shares lost around 9% over the past month. The company&rsquo;s 52-week low is $23.88.</li>
<li>RSI Value: 25.20</li>
<li>GO Price Action: Shares of Grocery Outlet fell 3.2% to close at $23.90 on Monday.</li>
</ul>
<h3>Archer-Daniels-Midland Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adm#NYSE">ADM</a>)</h3>
<ul>
<li>According to a leaked memo, Archer-Daniels-Midland has decided to postpone the payment of performance bonuses to some of its executives. The decision comes in the wake of an ongoing investigation into the company&rsquo;s accounting practices. The company&rsquo;s shares fell around 25% over the past month. The company <a href="https://www.benzinga.com/quote/ADM"> has a 52-week low </a> of $50.72.</li>
<li>RSI Value: 27.98</li>
<li>ADM Price Action: Shares of Archer-Daniels-Midland fell 4.9% to close at $52.96 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/36947853/investor-sentiment-improves-following-services-pmi-s-p-500-slips-from-record-levels"> Investor Sentiment Improves Following Services PMI; S&amp;P 500 Slips From Record Levels </a>

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the consumer defensive sector:</h2>
<ol>
<li>Perdoceo Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRDO#NASDAQ">PRDO</a>) - P/E: 8.07</li>
<li>Ingles Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMKTA#NASDAQ">IMKTA</a>) - P/E: 6.76</li>
<li>Adecoagro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGRO#NYSE">AGRO</a>) - P/E: 8.27</li>
<li>Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) - P/E: 9.93</li>
<li>Altria Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>) - P/E: 8.41</li>
</ol>
This quarter, Perdoceo Education experienced an increase in earnings per share, which was $0.61 in Q2 and is now $0.64. This quarter, Ingles Markets experienced an increase in earnings per share, which was $2.13 in Q2 and is now $2.54. Its most recent dividend yield is at 0.88%, which has increased by 0.09% from 0.79% in the previous quarter.
Adecoagro saw an increase in earnings per share from 0.4 in Q2 to $0.83 now. The company's most recent dividend yield sits at 7.86%, which has increased by 0.43% from 7.43% last quarter. 
Fresh Del Monte Produce's earnings per share for Q3 sits at $0.35, whereas in Q2, they were at 0.96. Its most recent dividend yield is at 3.16%, which has increased by 0.15% from 3.01% in the previous quarter.
Altria Group has reported Q3 earnings per share at $1.28, which has decreased by 2.29% compared to Q2, which was 1.31. The company's most recent dividend yield sits at 9.09%, which has increased by 0.8% from 8.29% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

AGRO

IMKTA

PRDO

5 Value Stocks To Watch In The Consumer Defensive Sector

Global produce company will debut the reusable plastic containers in select Texas markets, setting the path to decrease environmental impact of banana packaging in the produce industry
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ffreshdelmonte.com%2F&amp;esheet=53770235&amp;newsitemid=20231107168129&amp;lan=en-US&amp;anchor=Fresh+Del+Monte+Produce+Inc&amp;index=1&amp;md5=766569d964509a656a907513f766c186">Fresh Del Monte Produce Inc</a>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, is proud to announce a strategic partnership with Arena Packaging, a leading packaging, design, and pooling company in North America, to introduce Reusable Plastic Containers (RPCs) for bananas. The groundbreaking invention aims to transform industry standards for the leading fruit in fresh produce, while significantly reducing food waste, carbon emissions, operational costs, and preserving the fruit's health.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20231107168129/en/">https://www.businesswire.com/news/home/20231107168129/en/</a>
&nbsp;
With the introduction of RPCs, banana shipments now enjoy improved airflow and extended shelf life. RPCs are not only reusable but also trackable, with a remarkable life cycle of up to 15 years. Each container will be reused approximately five times in a single year, and if damaged, individual parts can be collected, replaced, and repurposed.
"Making produce more sustainable for consumers, from the farms to the shelves, has always been a top priority for Fresh Del Monte. By emphasizing the reuse of packaging materials, we aim to reduce our environmental footprint, while promoting a circular economy of plastics. After years of collaborative work, this groundbreaking RPC design not only reduces greenhouse gas emissions but addresses fruit quality and pallet shipping density ensuring sustainable impact at every level of our supply chain," said Hans Sauter, Fresh Del Monte's Chief Sustainability Officer and SVP of R&amp;D. "Alliances such as this one serve as another example of how we're always seeking ways to improve our operations with business partnerships that strive to achieve a more sustainable future."
For the past 60+ years, bananas have traditionally been shipped in single-use cardboard boxes, typically holding up to 40 pounds per box. These boxes are then transported to grocery stores, where bananas are air-stacked in the back room, a labor-intensive manual process that takes between 20 to 40 minutes to complete. Although cardboard is widely recyclable, developing options where packaging is reused is a first step in fighting climate change. Prior to that, bananas were shipped by the stalk hanging from hooks in cargo ships, which led to the bananas arriving at their destinations in poor condition. The implementation of the Banana RPC has also resulted in an overall healthier-looking fruit out on the shelf, with less handling throughout the supply chain.
"Our collaboration with Fresh Del Monte Produce is set to redefine the entire process of packing, shipping, ripening, storing, and merchandising bananas. This marks a significant milestone in our shared mission to establish a more sustainable and circular packaging system," said Tony Arena, Founder and CEO of Arena Packaging. "Arena Packaging's innovative Banana RPC is the result of years of dedicated design and validation supported by industry veteran Jim Vangelos and Fresh Del Monte's Sales VP, Mike Naftel and Senior Director of Global Packaging, Christian Salnars. The Arena Banana RPC reduces the carbon footprint by 90% over a traditional corrugated banana carton."
Through this strategic collaboration and collective effort, Fresh Del Monte and Arena Packaging prove that businesses can achieve more when they work together.
The Banana RPCs arrived at retail stores in the South Texas region last month, offering consumers an eco-friendly and convenient way to enjoy their favorite fruit.
To learn more about Fresh Del Monte's sustainability efforts, visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ffreshdelmonte.com%2Four-approach%2F&amp;esheet=53770235&amp;newsitemid=20231107168129&amp;lan=en-US&amp;anchor=freshdelmonte.com%2Four-approach%2F&amp;index=2&amp;md5=32aa2c9ada7720d4f2a0e5f4a3b6e80b">freshdelmonte.com/our-approach/</a>.

Fresh Del Monte Pioneers Industry Shift With Launch Of First-Of-Its-Kind Reusable Plastic Banana Containers In Collaboration With Arena Packaging

Fresh Del Monte Produce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>), ("Fresh Del Monte" or the "Company") announced today that its Board of Directors has approved a share repurchase plan pursuant to which Fresh Del Monte may repurchase up to 500,000 of its Ordinary Shares. Shares may be repurchased through open market purchases, unsolicited or solicited privately negotiated transactions, or in such other manner as will comply with the terms of applicable federal and state securities laws and regulations, including, without limitation, Rule 10b-18 of the Securities Exchange Act of 1934. All Ordinary Shares repurchased will be retired.
The new plan has no time deadline and will continue until otherwise modified or terminated by the Company's Board of Directors at any time in its sole discretion. Share repurchases may be made from time to time and the actual amount repurchased will depend on a variety of factors including market conditions, regulatory and legal requirements, cash flow and liquidity needs and other factors. The share repurchases may be made in both open market and privately negotiated transactions and Rule 10b5-1 trading plans. Repurchases would be funded from cash on hand and availability under the Company's revolving credit facility.

Buybacks

Fresh Del Monte Produce Inc. Announces Adoption Of Share Repurchase Plan To Repurchase 500,000 Of Its Ordinary Shares

<h3>Gainers</h3>
<ul>
<li>Cellectis S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clls#NASDAQ">CLLS</a>) shares jumped 136% to $2.2799. Cellectis reported strategic collaboration and investment agreements with AstraZeneca. Cellectis also presented pre-clinical data on multi-armored allogeneic MUC1-CAR T-cells targeting triple-negative breast cancer at the Society for Immunotherapy of Cancer 38th Annual Meeting.</li>
<li>Patriot Transportation Holding, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pati#NASDAQ">PATI</a>) climbed 104.8% to $15.73. Patriot Transportation announced an agreement under which United Petroleum Transports will acquire all of the outstanding shares of Patriot common stock for $16.26 per share in cash.</li>
<li>Aldeyra Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aldx#NASDAQ">ALDX</a>) gained 33% to $2.2780. Aldeyra Therapeutics entered into an exclusive option agreement with AbbVie Inc.</li>
<li>ShiftPixy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pixy#NASDAQ">PIXY</a>) climbed 30% to $6.82.</li>
<li>Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) shares rose 29% to $0.5782. Monopar presented data showing tumor reduction benefit of camsirubicin from ongoing Phase 1b in patients with advanced soft tissue sarcoma at the 2023 Connective Tissue Oncology Society Annual Meeting.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) climbed 26.8% to $9.80 following third-quarter results.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) gained 25% to $3.08. On Monday, the company announced that it is in compliance with all applicable Nasdaq listing standards.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zvsa#NASDAQ">ZVSA</a>) climbed 20% to $0.0984. ZyVersa Therapeutics announced publication in molecular neurobiology reinforcing data demonstrating that inflammasome ASC inhibitor IC 100 attenuates the inflammatory response causing neuronal damage in multiple sclerosis model.</li>
<li>EUDA Health Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/euda#NASDAQ">EUDA</a>) rose 18.6% to $1.02.</li>
<li>GDEV Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdev#NASDAQ">GDEV</a>) shares gained 16.2% to $2.35 after falling 11% on Tuesday.</li>
<li>Maison Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mss#NASDAQ">MSS</a>) climbed 14.5% to $6.31.</li>
<li>Generac Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gnrc#NYSE">GNRC</a>) gained 13.7% to $95.60 following upbeat earnings.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) gained 13.5% to $35.04 following quarterly results.</li>
<li>Davis Commodities Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtck#NASDAQ">DTCK</a>) rose 13.4% to $4.1850.</li>
<li>Newmark Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrk#NASDAQ">NMRK</a>) gained 13.4% to $6.44 following strong quarterly results.</li>
<li>The Scotts Miracle-Gro Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>) rose 11.8% to $49.70 following upbeat results.</li>
<li>Mercurity Fintech Holding Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfh#NYSE">MFH</a>) surged 11.4% to $0.9950.</li>
<li>Garmin Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grmn#NYSE">GRMN</a>) gained 10.4% to $113.16 after the company posted upbeat third-quarter results and raised FY23 guidance.</li>
<li>Frontdoor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftdr#NASDAQ">FTDR</a>) climbed 10.2% to $31.89 following strong results.</li>
<li>Assurant, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aiz#NYSE">AIZ</a>) rose 10.2% to $164.09 following third quarter results.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) shares climbed 10.1% to $0.7049. Sientra shares fell 56% on Tuesday after the company withdrew its FY23 guidance and reported interim third-quarter financial results.</li>
<li>Apollo Global Management, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) gained 10% to $85.17 after reporting third-quarter results.</li>
<li>Plus Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pstv#NASDAQ">PSTV</a>) shares rose 9% to $1.34 after the company reported third-quarter financial results and announced a share repurchase program.</li>
<li>The Chefs&#39; Warehouse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>) gained 9% to $20.74 following strong sales.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>WeWork Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/we#NYSE">WE</a>) shares dipped 51.5% to $1.1050 following reports that the company is nearing bankruptcy.</li>
<li>CohBar, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwbr#NASDAQ">CWBR</a>) fell 48.2% to $0.91. CohBar said on Nov. 1, it got termination notice from Morphogenesis, effective Nov. 1 and merger agreement was terminated in accordance with terms.</li>
<li>IRIDEX Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irix#NASDAQ">IRIX</a>) fell 44.2% to $1.83. Iridex has withdrawn its previously announced annual guidance for 2023 and plans to provide additional information during its third-quarter earnings release based on the information available at that time.</li>
<li>Tempo Automation Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmpo#NASDAQ">TMPO</a>) shares fell 37.8% to $0.0516 after dipping 30% on Tuesday.</li>
<li>Paycom Software, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) fell 37.2% to $153.96. Paycom Software reported worse-than-expected third-quarter sales results and issued FY23 revenue guidance below estimates.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) fell 30% to $0.5205.</li>
<li>MasTec, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtz#NYSE">MTZ</a>) fell 23.2% to $45.63 following weak sales.</li>
<li>Lumen Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lumn#NYSE">LUMN</a>) dipped 23.2% to $1.1200 following weak earnings.</li>
<li>Astec Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aste#NASDAQ">ASTE</a>) declined 21.6% to $31.40 following downbeat results.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) fell 22% to $0.4678. Motus GI said 1-for-15 reverse stock split, will begin trading on split-adjusted basis Nov. 2.</li>
<li>The Est&eacute;e Lauder Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/el#NYSE">EL</a>) dipped 20.5% to $102.35 following its first quarter results and lackluster outlook.</li>
<li>G1 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gthx#NASDAQ">GTHX</a>) fell 18.8% to $1.3397 following weak results.</li>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tnxp#NASDAQ">TNXP</a>) shares fell 18.2% to $0.4825 after the company reported topline results from Phase 2 proof-of-concept study of TNX-601 ER for the treatment of major depressive disorder.</li>
<li>Conduent Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cndt#NASDAQ">CNDT</a>) dropped 17% to $2.6490 following weak earnings.</li>
<li>Yum China Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>) shares fell 16.9% to $43.67 after the company reported worse-than-expected financial results for its third quarter.</li>
<li>Match Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtch#NASDAQ">MTCH</a>) declined 16.2% to $29.00 after reporting third-quarter results and issuing fourth-quarter guidance.</li>
<li>Big 5 Sporting Goods Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgfv#NASDAQ">BGFV</a>) shares fell 14.6% to $6.02 after the company reported weaker-than-expected results for its third quarter.</li>
<li>Extreme Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/extr#NASDAQ">EXTR</a>) dipped 14.6% to $17.62 after the company reported first-quarter financial results and issued second-quarter guidance below estimates.</li>
<li>Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) fell 14.4% to $7.81 following downbeat results.</li>
<li>Silicon Laboratories Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slab#NASDAQ">SLAB</a>) fell 14.2% to $79.13 after the company reported third quarter financial results and issued fourth-quarter guidance.</li>
<li>Fresh Del Monte Produce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdp#NYSE">FDP</a>) declined 13.3% to $21.67 following downbeat results.</li>
<li>Puyi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/puyi#NASDAQ">PUYI</a>) fell 12.7% to $6.29.</li>
<li>TPG RE Finance Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trtx#NYSE">TRTX</a>) declined 12.3% to $4.83 following weak results.</li>
<li>SunCoke Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxc#NYSE">SXC</a>) fell 11.7% to $8.40 following third-quarter results.</li>
<li>Paylocity Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcty#NASDAQ">PCTY</a>) dropped 10% to $161.41.</li>
<li>Canada Goose Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/goos#NYSE">GOOS</a>) dipped 10% to $9.99 following quarterly results.</li>
<li>SiteOne Landscape Supply, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/site#NYSE">SITE</a>) fell 9.7% to $124.32 following weak earnings.</li>
<li>Unum Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unm#NYSE">UNM</a>) fell 8.3% to $44.82 following weak sales.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) fell 7.8% to $3.9350 following quarterly results.</li>
<li>BAIYU Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/byu#NASDAQ">BYU</a>) fell 7.7% to $1.9201 after dipping 19% on Tuesday.</li>
<li>Synaptics Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syna#NASDAQ">SYNA</a>) fell 7% to $77.90.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35537627/ethereum-falls-below-1-800-following-adp-report-gala-becomes-top-loser"> Ethereum Falls Below $1,800 Following ADP Report; Gala Becomes Top Loser</a>

Penny Stocks

ALDX

ASTE

BALY

BGFV

CHEF

CLLS

CNDT

CWBR

DTCK

Euda Health Holdings Limited - Ordinary Shares

EUDA

EXTR

FTDR

GDEV

GNRC

GOOS

GRMN

GTHX

IRIX

Kintara Therapeutics, Inc. - Common Stock

KTRA

LIFW

LUMN

MNPR

MOTS

Merrill Lynch & Strategic Return Notes for Select 10 Index

MTCH

NMRK

PATI

PAYC

PCTY

PIXY

PSTV

PUYI

SIEN

SITE

SLAB

SPWR

SYNA

TGTX

TMPO

TNXP

TRTX

YUMC

ZVSA

Why Extreme Networks Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Fresh Del Monte Produce shares are trading lower after the company reported worse-than-expected Q3 results.

Fresh Del Monte Produce, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdp#NYSE">FDP</a>) shares are trading lower after the company reported a third-quarter FY23 sales decline of 4.78% year-on-year to $1.003 billion,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/11/b35531755/fresh-del-monte-produce-inc-reports-third-quarter-and-nine-months-earnings-for-fiscal-2023" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missing the consensus of $1.07 billion.</a>
The net sales decline was primarily driven by lower sales volume in the fresh and value-added product segment and a decrease in sales in the other products and services segment due to softened global demand in our third-party ocean freight business.&nbsp;
Fresh and Value-Added Products net sales were $574.0 million compared with $599.8 million in the prior-year period.&nbsp;
Banana net sales were $384.7 million compared with $388.4 million in the prior-year period.
Adjusted EPS of $0.35&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missed the analyst consensus of $0.42.</a>
Gross profit for the third quarter of 2023 was $74.4 million compared with $88.0 million in the prior-year period.
Gross profit was impacted by lower sales volume, stronger Costa Rican colon and Mexican peso, and the inventory write-off and clean-up costs related to the flooding of a seasonal production facility in Greece due to heavy rainstorms, partially offset by lower distribution and ocean freight costs.&nbsp;
Adjusted operating income was $34.3 million compared with $41.2 million in the prior-year period.
Adjusted FDP net income was $17.2 million compared with $25.9 million in the prior-year period.
The company exited the quarter with cash and equivalents worth $77.9 million.
The total long-term debt&nbsp;remained sequentially relatively flat at $401.0 million at the end of the third quarter of 2023 from $400.5 million at the end of the second quarter of 2023.
FDP declared a quarterly cash dividend of $0.20 per share, payable on December 8, 2023, to shareholders&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/guidance" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">of record on November 15, 2023.</a>
Price Action:&nbsp;FDP shares are trading lower by 9.96% at $22.51&nbsp;on the last check Wednesday.

Equities

Why Agriculture Company Fresh Del Monte's Shares Are Falling Today

Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) reported adjusted quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.42 by 16.67 percent. This is a 35.19 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $1.00 billion which missed the analyst consensus estimate of $1.07 billion by 6.26 percent. This is a 4.84 percent decrease over sales of $1.05 billion the same period last year.

Fresh Del Monte Produce Q3 Adj EPS $0.35 Misses $0.42 Estimate, Sales $1.00B Miss $1.07B Estimate

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the consumer defensive sector:</h2>
<ol>
<li>Archer-Daniels Midland (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) - P/E: 9.85</li>
<li>Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) - P/E: 0.14</li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) - P/E: 7.1</li>
<li>Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) - P/E: 8.82</li>
<li>Bridgford Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRID#NASDAQ">BRID</a>) - P/E: 2.2</li>
</ol>
This quarter, Archer-Daniels Midland experienced a decrease in earnings per share, which was $2.09 in Q1 and is now $1.89. The company's most recent dividend yield sits at 2.12%, which has decreased by 0.28% from 2.4% last quarter. 
Grove Collaborative Hldgs's earnings per share for Q2 sits at $-0.32, whereas in Q1, they were at -0.4. Chegg's earnings per share for Q2 sits at $0.28, whereas in Q1, they were at 0.27. Fresh Del Monte Produce has reported Q2 earnings per share at $0.96, which has increased by 74.55% compared to Q1, which was 0.55. The company's most recent dividend yield sits at 3.01%, which has increased by 0.22% from 2.79% last quarter. 
This quarter, Bridgford Foods experienced a decrease in earnings per share, which was $0.1 in Q1 and is now $0.02. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

BRID

CHGG

GROV

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If this year&rsquo;s market volatility has left you reeling, you&rsquo;re not alone. But, despite the high valuations plaguing many <a href="https://investorplace.com/industries/technology/">tech stocks</a>, plenty of top-tier, high-quality <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a> are waiting in the wings to bring much-needed stability to investors&rsquo; portfolios.



During the ongoing rally, stock values fluctuated dramatically, prompting a shift towards small-cap, tech and <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a>. While these investments have been profitable, they may not represent the best strategy for long-term stability. Instead, these blue-chip stocks offer a foundational solidity many portfolios lack in today&rsquo;s market.



The economic environment continues to be fraught with uncertainty, particularly with inflation persistently exceeding the Federal Reserve&rsquo;s target of 2% &mdash; despite May&rsquo;s <a href="https://www.washingtonpost.com/business/2024/06/12/cpi-fed-inflation-interest-rates/">modest dip</a>. This precarious situation suggests that any negative systemic or systematic event could rapidly destabilize speculative stocks. Under these conditions, investing in these blue-chip stocks could provide stability, value and diversification, shielding your investments from potential downturns.



<h2>Fresh Del Monte Produce (FDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/value-letters-300x169.jpg" alt=""><div>Source: Shutterstock</div></div>Even as inflation tamps down, consumers increasingly keep their wallets closed amid higher pricing &mdash; making food production company Fresh Del Monte Produce (NYSE:<a href="https://investorplace.com/stock-quotes/fdp-stock-quote/">FDP</a>) a decently defensive blue-chip stock with surprisingly strong growth prospects. Though sales slumped slightly in the company&rsquo;s <a href="https://s29.q4cdn.com/716646705/files/doc_financials/2024/q1/Q1-2024-IR-Guided-Presentation-05-01-2024_VF.pdf">last quarterly report</a>, the cyclical nature of fresh fruit and produce means that summer sales will likely rebound, though the stock remains on sale today.



More importantly, the company is rapidly right-sizing operations across the enterprise to better adapt to changing economic and consumer pressure. On the financial side, Fresh Del Monte slashed total debt by 15%, saving money amid today&rsquo;s higher-rate environment. Likewise, their renewed emphasis on fresh and value-added sales saw the segment&rsquo;s revenue climb 5%, with avocado sales spiking 23% despite lower overall sales. Management proved that an emphasis pivot worked well over the past quarter, so expect them to go all-in on the new strategy moving forward.



Fresh Del Monte&rsquo;s current dividend yield is a <a href="https://www.morningstar.com/stocks/xnys/fdp/dividends">respectable 4%</a>, so today&rsquo;s investors can quickly build a position through dollar-cost averaging to capture the company&rsquo;s growing blue-chip upside.



<h2>Great Lakes Dredge &amp; Dock (GLDD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/yorw-stock-1-300x169.jpg" alt=""><div>Source: Istvan Balogh / Shutterstock.com</div></div>This unique blue-chip stock offers a much-needed service that is generally overlooked by most retail investors. Great Lakes Dredge &amp; Dock (NASDAQ:<a href="https://investorplace.com/stock-quotes/gldd-stock-quote/">GLDD</a>) helps deepen, dredge and expand waterways along coasts and within ports. It basically serves as a key lynchpin to global trade and supply chains, making this blue-chip stock relatively recession-proof. At the same time, Great Lakes helps reclaim coastal beach areas, making it a unique play at the intersection of commerce and climate change management.



Great Lakes is also unique because it doesn&rsquo;t quite fit the traditional definition of a blue-chip stock. While it&rsquo;s operationally sound and financially responsible, its less than $1 billion market capitalization situates it within the small-cap universe. In other words, Great Lakes is a top-tier, blue-chip stock in the making as it grows sustainably and steadily.



Great Lakes is <a href="https://investor.gldd.com/news-releases/news-release-details/great-lakes-reports-first-quarter-2024-results">looking forward</a> to a record-setting U.S. Army Corps of Engineers budget of $8.7 billion, creating a robust bid market ripe for Great Lakes to secure steady contract cash flow. Great Lakes&rsquo; dredging backlog is $879 million today, creating easy income projections moving forward and stabilizing the company&rsquo;s prospects as supply chains normalize.



<h2>Jazz Pharmaceuticals&nbsp;(JAZZ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/pharmaceutical1600-300x169.png" alt="pharmaceutical industry. Production line machine conveyor with glass bottles ampoules at factory"><div>Source: Dmitry Kalinovsky / Shutterstock.com</div></div>Interested in the burgeoning marijuana trends but hesitant about the volatility of pure-play <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a>? Then blue-chip stock Jazz Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/jazz-stock-quote/">JAZZ</a>) may be what you&rsquo;re looking for. This established pharmaceutical company offers stability with its significant upside in the cannabis sector. Jazz&rsquo;s medication for daytime sleepiness and narcolepsy, Xywav, not only contributes up to <a href="https://investor.jazzpharma.com/news-releases/news-release-details/jazz-pharmaceuticals-announces-first-quarter-2024-financial">10% of its total sales</a> but also provides a stable revenue stream as the company navigates the <a href="https://www.nbcnews.com/politics/politics-news/reschedule-marijuana-drug-joe-biden-justice-department-rcna152603">newly evolving</a> medical cannabis market.



Thanks to its acquisition of <a href="https://www.jazzpharma.com/science/gw-cannabinoid-platform/">GW Pharmaceuticals</a>, a pioneer in commercialized medical cannabis, Jazz Pharmaceuticals is well-positioned at the forefront of the industry. This strategic positioning allows Jazz to capitalize on the high end of the value chain beyond mere distribution, setting it apart from typical cannabis companies. As the sector continues to evolve with recent regulatory changes, Jazz is poised not only to lead in the medical cannabis space but also to outperform newer pharmaceutical entrants in this field.



On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the <a href="http://InvestorPlace.com">InvestorPlace.com</a> <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-blue-chip-stocks-to-triple-your-wealth-by-2026-june-edition/"> 3 Blue-Chip Stocks to Triple Your Wealth by 2026: June Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Blue-Chip Stocks to Triple Your Wealth by 2026: June Edition

Fresh Del Monte: Deep Value Winner, With Sustainable 5% Cash Yield

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If you&rsquo;re feeling uncertain about the market&rsquo;s direction, you&rsquo;re not alone. Despite positive economic and stock market indicators suggesting renewed financial strength, the sentiment on the ground often tells a different story. With that in mind, when finding smart stocks to buy, it&rsquo;s important to remain grounded in solid investment principles rather than purely emotional reactions.



Finding smart stocks to buy now is a challenge amid this uncertainty. Questions linger: Have you missed the boat on Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>)? Will it continue to soar post-split as it has since June 7? Is Apple&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) partnership with OpenAI a risky move or a strategic advancement in consumer electronics?



Navigating today&rsquo;s markets is tough, but these diverse smart stocks to buy now offer a balanced approach. They combine long-term speculative opportunities with the stability of perennial winners, providing a broader perspective and a solid foundation for future growth.



<h2>Stem&nbsp;(STEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/clean-energy-300x169.jpg" alt="A concept image of a person's hands holding a plant with floating glowing particles around it"><div>Source: Shutterstock</div></div>Stem (NYSE:<a href="https://investorplace.com/stock-quotes/stem-stock-quote/">STEM</a>) is a unique player in the sustainable energy sector, merging two highly lucrative fields: renewable energy solutions and artificial intelligence. At the heart of Stem&rsquo;s offerings is its Athena software, an advanced control system that seamlessly integrates and optimizes resources from generators, grid power, solar farms, and battery storage. Athena leverages AI to make real-time decisions based on variables like weather and energy pricing, providing large-scale enterprise customers with a self-managing, efficient energy solution.



Despite its penny stock status, Stem is aiming high, with leadership envisioning a tenfold increase in value. The company&rsquo;s strategic vision is outlined in its &ldquo;AI and the Future of Energy&rdquo; <a href="https://www.stem.com/ai-and-the-future-of-energy/">white paper</a>, which details how AI integration will drive efficiency and growth in sustainable energy markets.



However, like many speculative smart stocks, Stem faces challenges, including a lack of profitability and cyclical sales that introduce variability. Yet, the company has moved beyond the pre-revenue phase and boasts a growing <a href="https://www.stem.com/case-studies/">portfolio</a> of completed projects. Stem represents a promising long-term investment opportunity in the sustainable energy sector, particularly for those looking to capture the emerging influence of AI within green infrastructure. Adding Stem to your portfolio could be a strategic move to benefit from the ongoing integration of AI in renewable energy.



<h2>Fresh Del Monte Produce&nbsp;(FDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/plant-based-food-300x169.jpg" alt="Vegetables and fruits are scattered over a white background."><div>Source: Shutterstock</div></div>Even as inflation eases, consumers remain cautious with their spending due to persistently high prices, positioning Fresh Del Monte Produce (NYSE:<a href="https://investorplace.com/stock-quotes/fdp-stock-quote/">FDP</a>) as a smart defensive stock to buy with notable growth potential. Despite a slight dip in sales in the latest quarterly report, the seasonal nature of fresh fruit and produce suggests a likely rebound in summer sales, making the stock an attractive buy at its current price.



Significantly, Fresh Del Monte is optimizing operations across its enterprise to navigate economic and consumer pressures better. Financially, the company reduced total debt by 15%, a strategic move to save costs in today&rsquo;s high-interest-rate environment. Additionally, a renewed focus on fresh and value-added sales resulted in a 5% revenue increase in this segment, with avocado sales soaring by 23% despite overall lower sales. This strategic pivot has proven successful, and management is expected to continue pursuing this direction.



Fresh Del Monte&rsquo;s current dividend yield stands at a solid 4%, offering investors a chance to build a position through dollar-cost averaging and capitalize on the company&rsquo;s growing blue-chip potential.



<h2>Great Lakes Dredge &amp; Dock&nbsp;(GLDD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/yorw-stock-1-300x169.jpg" alt=""><div>Source: Istvan Balogh / Shutterstock.com</div></div>Great Lakes Dredge &amp; Dock (NASDAQ:<a href="https://investorplace.com/stock-quotes/gldd-stock-quote/">GLDD</a>) provides a crucial service that often escapes the attention of most retail investors, making it one of those overlooked smart stocks to buy. The company specializes in deepening, dredging, and expanding waterways along coasts and within ports, playing an essential role in global trade and supply chains. This makes it relatively recession-proof, while its efforts in coastal beach reclamation align it with climate change management initiatives.



Great Lakes&rsquo; recent financial performance highlights its strength in a sector that faced prolonged challenges during the pandemic. The company&rsquo;s EBITDA <a href="https://investor.gldd.com/static-files/a8a02b20-6c58-4d8e-83ca-48c4b88bb30c">reached $43 million</a>, the highest since the end of 2021, indicating a significant resurgence.



Looking forward, Great Lakes is well-positioned to benefit from a <a href="https://investor.gldd.com/news-releases/news-release-details/great-lakes-reports-first-quarter-2024-results">record-setting</a> $8.7 billion budget from the U.S. Army Corps of Engineers, creating a robust bidding environment for securing steady contract cash flows. With a dredging <a href="https://investor.gldd.com/news-releases/news-release-details/great-lakes-reports-first-quarter-2024-results">backlog</a> of $879 million, the company has a clear projection of future income, further stabilizing its financial outlook as supply chains normalize.



<h2>Rumble (RUM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/cfvi_rumble_2_1600-300x169.png" alt="Person holding cellphone with logo of Canadian video platform company Rumble (RUM) Inc. on screen in front of business webpage. CFVI"><div>Source: T. Schneider / Shutterstock.com</div></div>Rumble (NASDAQ:<a href="https://investorplace.com/stock-quotes/rum-stock-quote/">RUM</a>) is steadily carving out its niche within the tech industry, positioning itself as one of the undervalued smart stocks to buy now with significant growth potential.



The platform boasts over <a href="https://s3.amazonaws.com/b2icontent.irpass.cc/2730/rl134260.pdf">40 million monthly</a> active users. While this number is modest compared to major video platforms like Alphabet&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) YouTube, it represents a dedicated and loyal audience that consistently engages with the content.



This consistent user engagement underlines Rumble&rsquo;s long-term viability as it continues to expand its advertising ecosystem. The company is also gaining traction by securing exclusive deals with prominent creators. A notable example is the recent <a href="https://s3.amazonaws.com/b2icontent.irpass.cc/2730/rl134486.pdf">partnership</a> with the popular political show &ldquo;Breaking Points&rdquo;, highlighting Rumble&rsquo;s increasing industry influence.



Moreover, Rumble is diversifying its revenue streams by venturing into cloud services and data hosting. This strategic pivot could be the catalyst for significant growth. An example of this expansion is the e-commerce and payments processing company PublicSquare (NYSE:<a href="https://investorplace.com/stock-quotes/psqh-stock-quote/">PSQH</a>) migrating its Marketplace <a href="https://s3.amazonaws.com/b2icontent.irpass.cc/2730/rl135125.pdf">platform hosting</a> to Rumble. This move demonstrates Rumble&rsquo;s rapid growth beyond video hosting and into broader media and technology markets.



<h2>BuzzFeed (BZFD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/bzfd1600-300x169.png" alt="Buzzfeed (BZFD) logo on a phone with a keyboard in the background. Buzzfeed layoffs"><div>Source: Meir Chaimowitz / Shutterstock.com</div></div>Like Rumble, BuzzFeed (NASDAQ:<a href="https://investorplace.com/stock-quotes/bzfd-stock-quote/">BZFD</a>) is an undervalued media stock that may soon capture more attention as activist shareholder activity ramps up. The company has faced numerous scandals over the years, including accusations of <a href="https://nypost.com/2020/06/27/buzzfeed-senior-reporter-ryan-broderick-fired-for-plagiarism/">plagiarism</a>, undue advertiser <a href="https://web.archive.org/web/20150413015738/http://tktk.gawker.com/buzzfeed-deletes-post-critical-of-dove-a-buzzfeed-adve-1696852834">influence</a>, and divisive political stances that have alienated many readers.



These challenges, coupled with <a href="https://investors.buzzfeed.com/news-releases/news-release-details/buzzfeed-inc-first-quarter-2024-financial-results-line-march">declining sales</a> and limited profitability, likely caught the attention of former presidential candidate and activist investor Vivek Ramaswamy. He recently acquired a large stake in BuzzFeed, signaling plans to drive significant changes within the company.



Ramaswamy is actively engaging with BuzzFeed&rsquo;s board and <a href="https://www.axios.com/2024/06/24/vivek-ramaswamy-buzzfeed-ceo-jonah-peretti">met with CEO</a> Jonah Peretto this week to explore various operational and strategic opportunities to maximize shareholder value. This includes potential staff cuts and a shift in the company&rsquo;s editorial and business strategies.



His investment points to a broader strategy of addressing the dearth of high-quality, independent media outlets while advocating for greater transparency, objectivity, and quality in media content.



Despite some resistance from BuzzFeed&rsquo;s current management, Ramaswamy&rsquo;s Strive Asset Management is emerging as a formidable force in activist investing, potentially eyeing further investments in the media sector.



<h2>Riot Platforms&nbsp;(RIOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/riot1600-300x169.png" alt="In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen."><div>Source: rafapress / Shutterstock.com</div></div>Riot Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/riot-stock-quote/">RIOT</a>) is best known as a Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) mining company, but its broader potential often goes unnoticed, making it one of the smart stocks to buy. As Bitcoin mining becomes more costly and less profitable, Riot&rsquo;s extensive energy resources position it as an ideal partner for AI enterprises, which require vast amounts of power.



Riot has already capitalized on its excess energy by selling it to local municipalities and utility operators, <a href="https://www.riotplatforms.com/riot-platforms-reports-full-year-2023-financial-results-current-operational-and-financial-highlights/">generating $71.2 million</a> in revenue last year. While the company has yet to specifically target the AI industry&rsquo;s energy demands, the evolving economic landscape suggests such a partnership could be mutually beneficial.



Additionally, the construction of new data centers is lagging behind the skyrocketing demand for AI, indicating that existing GPU facilities like Riot&rsquo;s could soon be in high demand. Investors in Riot can appreciate not only the company&rsquo;s future AI stock potential but also its current involvement in the crypto market. This dual focus is underscored by Bitcoin&rsquo;s impressive 50% gain over the past six months, highlighting Riot&rsquo;s robust position in the market.



<h2>Apple Hospitality REIT (APLE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/reit1600e-300x169.jpg" alt="a person in a suit holds a tiny house to represent reits to buy"><div>Source: Shutterstock</div></div>Improved consumer sentiment and the summer travel season are converging, making Apple Hospitality REIT (NYSE:<a href="https://investorplace.com/stock-quotes/aple-stock-quote/">APLE</a>) a prime stock to buy now. Apple Hospitality owns <a href="https://s2.q4cdn.com/357237921/files/doc_presentations/2024/May/31/investor-presentation-dated-june-2024.pdf">over 200</a> hotel properties across the United States, leasing them to top-tier hoteliers like Marriott (NASDAQ:<a href="https://investorplace.com/stock-quotes/mar-stock-quote/">MAR</a>) and Hilton (NYSE:<a href="https://investorplace.com/stock-quotes/hlt-stock-quote/">HLT</a>). With a 6.5% dividend yield, Apple Hospitality offers an attractive alternative to fixed-income investments, providing upside through ownership of some of the priciest properties with the most reliable tenants in the industry.



In its most recent <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418121/6cb51d43-3d27-4575-aca9-05921ec7b55d.pdf">quarterly report</a>, Apple Hospitality reported a significant boost in funds from operations (FFO) to $83.24 million, up from $78.96 million the previous year. FFO is a key metric for REITs as it represents earnings without property sale revenue and better represents leasing operations&rsquo; cash flow. This increase, particularly during a relatively subdued travel period, bodes well for the future.



Additionally, Apple Hospitality is benefiting from a rise in business travel, with midweek bookings showing substantial growth over the quarter. This positions the company to capitalize on the summer leisure travel season while maintaining stability through increased business travel, ensuring steady occupancy rates throughout the week.



On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the <a href="http://InvestorPlace.com">InvestorPlace.com</a> <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/the-7-smartest-stocks-to-buy-with-100-right-now/">The 7 Smartest Stocks to Buy With $100 Right Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 7 Smartest Stocks to Buy With $100 Right Now

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Budget-friendly stocks are increasingly hard to find as top-performing mega-caps edge ever closer to overvaluation. And, as we&rsquo;ve seen with Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) over the past week, even moderate underperformance can be devastating when so much of the wider market hinges on their performance.



But a handful of budget-friendly stocks are floating in the ether, even if we must reevaluate how we define those budget-friendly stocks. In some cases, they&rsquo;re purely undervalued &mdash; even if per-share pricing seems high. In other cases, they&rsquo;re cheap enough to fall within penny stock territory without all the baggage associated with <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>. Of course, the sweet spot for budget-friendly stocks is right in the middle: priced low enough that buying a handful of shares won&rsquo;t break the bank while also offering some material undervaluation, whether based on current fundamentals or projected future performance.



<h2>Nintendo (NTDOY)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2018/10/new-Nintendo-Switch-MSN-300x165.jpg" alt=""><div>Source: Nintendo</div></div>Nintendo (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ntdoy-stock-quote/">NTDOY</a>) is perennially on my list of budget-friendly stocks for a handful of reasons. Primarily, the Japanese company does business better &mdash; in my mind &mdash; than most public American companies. Specifically, while most U.S.-based public companies fight quarter-to-quarter, Nintendo always keeps the long game in mind rather than squeezing every cent of profit from customers on a short-term basis that ultimately proves devastating long-term. Perhaps that&rsquo;s why Nintendo has been around since 1889 and continues thriving!



For proof of the company&rsquo;s commitment to long-term excellence, look at its <a href="https://www.morningstar.com/stocks/xtks/7974/financials">balance sheet</a> &mdash; Nintendo consistently keeps ton of cash on hand with zero debt, providing it a sizable war chest to weather economic uncertainty and take advantage of new opportunities. In fact, a massive cash balance is one of the reasons Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) execs saw Nintendo as <a href="https://www.theverge.com/2023/9/19/23880146/phil-spencer-microsoft-xbox-acquiring-nintendo">ripe for acquisition</a> in 2020. While the buyout didn&rsquo;t pan out, Microsoft clearly saw Nintendo as one of the best budget-friendly stocks in the market. Little has changed since then, inroads into greater <a href="https://nintendoeverything.com/sony-says-zelda-movie-will-be-massive-for-the-company-made-in-closest-possible-collaboration-with-miyamoto/">intellectual property utilization</a> that could be yet another cash cow for the budget-friendly gaming stock.



<h2>PSQ Holdings (PSQH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/psqh1600-300x169.png" alt="The fa&ccedil;ade of the New York Stock Exchange is decorated for the listing of PublicSq (PSQH) via a SPAC with Colombier Acquisition Corp."><div>Source: rblfmr / Shutterstock.com</div></div>On the much more speculative side of the equation, PSQ Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/psqh-stock-quote/">PSQH</a>) trades in penny stock territory at around $3.75 per share and a market cap of just $110 million. But the former SPAC&rsquo;s small size shouldn&rsquo;t dissuade you &mdash; PSQ Holdings is at the forefront of emerging eCommerce trends, which I think will be huge over the next few years.



PSQ Holdings&rsquo; primary property is the digital PublicSquare marketplace, which <a href="https://investors.publicsq.com/overview/default.aspx">affirms a commitment</a> to &ldquo;help consumers &lsquo;shop their values&rsquo; and put purpose behind their purchases.&rdquo; For now, don&rsquo;t let the company&rsquo;s conservative leanings factor into the equation, no matter which side of the political spectrum you fall on. Instead, look to what PSQ&rsquo;s ethos represents and how that could transform eCommerce.



Social media&rsquo;s increased atomization of our online experience means we&rsquo;re often trapped in a similarly-minded networked ecosystem &mdash; if you want to be charitable &mdash; and an echo chamber if not. It only makes sense that many would prefer to shop the same way: by picking an eCommerce market that aligns with their values, no matter what they are, and that they can feel good supporting. Factor in the fact that Amazon&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) offerings are of increasingly poor overseas quality, and many find PublicSquare&rsquo;s emphasis on American-made goods even more appealing.



Ultimately, I think PSQ Holdings stands out among budget-friendly stocks for what it represents as much as its cheap per-share pricing. Considering it&rsquo;s a relative newcomer to stock exchanges, I see lots of upside in the company&rsquo;s future.



<h2>Tesla (TSLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/tsla1600-12-300x169.png" alt="Tesla (TSLA) sign on the building on car sales"><div>Source: Vitaliy Karimov / Shutterstock.com</div></div>Like PSQ Holdings, I see Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) as one of our budget-friendly stocks because of its long-term potential rather than its current pricing or valuation. First, of course, is the &ldquo;key man&rdquo; issue negation as Musk&rsquo;s <a href="https://investorplace.com/2024/06/3-stocks-to-buy-after-the-elon-musk-pay-package-approval/">pay package panned out</a>. This, of course, cements his focus on Tesla and, no matter how you feel about the man, means that Tesla will benefit from increased personal emphasis on its performance.



That&rsquo;s already evident just weeks after the decision as we&rsquo;re seeing Musk shift his AI emphasis back toward Tesla. Tesla&rsquo;s Texas gigafactory is building a <a href="https://www.benzinga.com/news/24/06/39404789/drone-footage-reveals-tesla-giga-texas-expansion-work-to-house-50-000-nvidia-gpus-ceo-elon-musk-says">massive GPU warehouse</a> to position more than 50,000 Nvidia GPUs in a bid to realign AI development under the Tesla umbrella. This comes on the heels of Tesla&rsquo;s announced $3 &ndash; $4 billion <a href="https://www.benzinga.com/news/24/06/39177443/elon-musk-reveals-how-tesla-may-split-10b-ai-budget-nvidia-to-get-billions-but-in-house-efforts-take">AI hardware expenditure</a>, showing that Musk and Tesla are serious about asserting their position as AI leaders. Improved AI will go a long way toward addressing Tesla&rsquo;s &ldquo;<a href="https://www.carswithcords.net/2020/07/tesla-and-long-march-of-nines-to-full.html">March of 9s</a>,&rdquo; which, in turn, is effectively the last remaining hurdle toward full self-driving car capability.



<h2>Rumble&nbsp;(RUM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/cfvi_rumble_2_1600-300x169.png" alt="Person holding cellphone with logo of Canadian video platform company Rumble (RUM) Inc. on screen in front of business webpage. CFVI"><div>Source: T. Schneider / Shutterstock.com</div></div>Rumble (NASDAQ:<a href="https://investorplace.com/stock-quotes/rum-stock-quote/">RUM</a>) saw a surge in viewership last week, drawing a diverse audience for the Presidential Debate. The platform&rsquo;s ability to attract viewers interested in both the debate and their favorite pundits&rsquo; opinions sets it apart from alternatives like YouTube. Likewise, its unique user base and content moderation outlook make Rumble a standout among budget-friendly stocks for similar reasons to PSQ Holdings: it captures increased atomization of the Internet. It capitalizes on the trend of scaling the &ldquo;<a href="https://kk.org/thetechnium/1000-true-fans/">1,000 True Fans</a>&rdquo; marketing theory that&rsquo;s increasingly taking hold among forward-looking companies.



While Rumble is not yet a major competitor to YouTube, its growth trajectory is promising. Despite a slight dip in first-quarter <a href="https://www.statista.com/statistics/1347599/rumble-quarterly-mau/">monthly active users</a> compared to 2023 highs, Rumble maintains a steady global MAU count above 50 million.



In its <a href="https://investorplace.com/earning-results/2024/03/rum-stock-earnings-rumble-for-q4-of-2023/">latest quarterly report</a>, Rumble posted a $0.14 loss per share per share, outperforming analyst expectations of a $0.22. Additionally, Rumble has boldly filed an <a href="https://www.benzinga.com/news/earnings/24/05/38829726/rumble-q1-earnings-highlights-revenue-miss-eps-miss-lawsuit-filed-against-google">antitrust lawsuit against</a> Google (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>). The lawsuit accuses Google of unfair online advertising practices that favor YouTube over competitors like Rumble. Although the lawsuit&rsquo;s uncertain outcome makes it a risky move, it also positions Rumble as a formidable underdog among budget-friendly stocks.



<h2>Stem (STEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/artificial-intelligence-ai-stocks-robot-hand-1600-300x169.jpg" alt='Illustration of robot hand reaching for the letters "AI" with tech symbols around it. AI tech stock predictions. best artificial intelligence stocks. tech stocks. AI stocks. stocks to benefit from AI growth. AI Stocks'><div>Source: shutterstock.com/Allies Interactive</div></div>Stem&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/stem-stock-quote/">STEM</a>) trades roughly within penny stock territory with per-share pricing at $1.10 and a $171 million market cap. But the company&rsquo;s unique emphasis on both AI and sustainable energy supports a long-term growth trajectory, positioning it among today&rsquo;s budget-friendly stocks.



Stem&rsquo;s <a href="https://www.stem.com/wp-content/uploads/2021/05/Stem-Solutions-Overview_Athena_May-2021_v10.pdf">Athena software</a> optimizes the interaction between generators, grid power, renewable energy sources like solar farms, and battery storage. Using an AI framework, Athena autonomously adjusts energy distribution based on weather conditions and energy pricing, making it invaluable for large-scale enterprise clients managing sustainable energy resources.



Despite its penny stock status, Stem has ambitious growth plans. The company&rsquo;s strategic vision, detailed in its AI &amp; the Future of Energy <a href="https://www.stem.com/ai-and-the-future-of-energy/">white paper</a>, explains how AI integration will drive efficiency and advancement across the sustainable energy market.



While Stem faces challenges typical of speculative renewable <a href="https://investorplace.com/industries/energy/">energy stocks</a>, such as profitability issues and cyclical sales, it has moved beyond its startup phase with a <a href="https://www.stem.com/case-studies/">growing portfolio</a> of successful projects. Investing in Stem offers a long-term opportunity among budget-friendly stocks in the sustainable energy sector, capitalizing on the increasing role of AI in green technologies and infrastructure.



<h2>Fresh Del Monte Produce&nbsp;(FDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/comsumer-goods-grocery-store-1600-300x169.png" alt="Empty grocery cart in a grocery store aisle. Consumer goods."><div>Source: gyn9037 / Shutterstock</div></div>Fresh Del Monte Produce&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/fdp-stock-quote/">FDP</a>) is a unique budget-friendly stock that&rsquo;s firmly within the defensive side of stock selection and provides a value-based anchor to a budget-friendly portfolio. Although sales dipped slightly in the latest quarterly report, the seasonal nature of fresh fruit and produce suggests a likely rebound in summer, making the stock an attractive buy at its current price.



Fresh Del Monte is <a href="https://s29.q4cdn.com/716646705/files/doc_presentations/2024/May/17/investor-presentation-05-17-2024.pdf">strategically optimizing</a> its operations to navigate economic and consumer pressures better. Financially, the company reduced total debt by 15%, saving costs in today&rsquo;s high-interest-rate environment. Additionally, a renewed focus on fresh and value-added sales resulted in a 5% revenue increase in this segment, with avocado sales soaring by 23% despite overall lower sales. This strategic pivot has proven successful, and management is expected to continue pursuing this direction.



Fresh Del Monte offers a solid <a href="https://www.morningstar.com/stocks/xnys/fdp/dividends">5.25% dividend yield</a>, allowing investors to build a budget-friendly position through dollar-cost averaging and capitalize on the company&rsquo;s growing potential.



<h2>Great Lakes Dredge &amp; Dock&nbsp;(GLDD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/yorw-stock-1-300x169.jpg" alt=""><div>Source: Istvan Balogh / Shutterstock.com</div></div>Great Lakes Dredge &amp; Dock&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/gldd-stock-quote/">GLDD</a>) is overlooked compared to many budget-friendly stocks but uniquely operates within a small niche sector that goes mostly overlooked itself &mdash; waterway management, a key piece of the global supply chain puzzle. The company specializes in deepening, dredging, and expanding waterways along coasts and ports, which makes it relatively recession-proof, and its efforts in coastal beach reclamation align with climate change management initiatives.



Recent financial performance underscores the company&rsquo;s resilience in a sector that faced prolonged challenges during the pandemic. Great Lakes reported an EBITDA of <a href="https://investor.gldd.com/static-files/a8a02b20-6c58-4d8e-83ca-48c4b88bb30c">$43 million</a>, the highest since late 2021, indicating solid tailwinds ahead.



Looking ahead, Great Lakes is ready to capitalize on a record <a href="https://investor.gldd.com/news-releases/news-release-details/great-lakes-reports-first-quarter-2024-results">$8.7 billion budget</a> from the U.S. Army Corps of Engineers, fostering a strong bidding environment for securing steady contract cash flows. With a dredging backlog of <a href="https://investor.gldd.com/news-releases/news-release-details/great-lakes-reports-first-quarter-2024-results">$879 million</a>, the company has a clear projection of future income, further stabilizing its financial outlook as supply chains normalize.



On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the <a href="http://InvestorPlace.com">InvestorPlace.com</a> <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-budget-friendly-stocks-getting-ready-to-rocket-in-2024/">7 Budget-Friendly Stocks Getting Ready to Rocket in 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Budget-Friendly Stocks Getting Ready to Rocket in 2024

Fresh Del Monte Produce Q2 2024 Earnings Preview

Fresh Del Monte Produce Non-GAAP EPS of $1.06 beats by $0.46, revenue of $1.13B misses by $50M

Fresh Del Monte Produce Inc. (FDP) Q2 2024 Earnings Call Transcript

Fresh Del Monte Produce declares $0.25 dividend

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of fresh-cut fruit & vegetables. Over the past year, Fresh Del Monte's share price increased about 4.5% from $26.67 to $27.86 as of Monday's market close.

Current Analysis: Fresh Del Monte Produce

Fresh Del Monte Produce: Strategies Are Working, But A Key Technical Level Has Been Reached

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