Name of opportunity: 👀
Fresh Del Monte Produce Inc
‘Above Average’ dividends: 💰
Del Monte’s dividend yield is 3.5%, which means that if you invested $1000 you would be paid $35 a year in dividends (based on the last 12 months). This is classed as an ‘Above Average’ dividend yield according to analysts.
In the past twelve months, Fresh Del Monte Produce Inc. paid out $0.95 per share in dividends to its investors. Del Monte is an income stock because of its dividend payout - unlike a company in a major growth phase, it rewards its shareholders with this steady, consistent income.
How hot is this investment opportunity? 🔥🔥🔥
Del Monte shares have risen in price by 23% over the last month, likely in response to the Q2 earnings report which covered sales and other metrics up until 28 June, and which was released on 1 August.
Analysts predict the price of Fresh Del Monte Produce Inc. will increase from $27.33 to $31.50 in the next 12 months. If you invested $1000, you might profit $161.08.
The company has recently been in ‘Below Average’ financial health, because of a few key metrics. However, its gross margin recently increased to 10.7%, compared with 7.8% in the prior-year period, a strong sign of improvement in the business. It announced especially strong sales in pineapple, fresh-cut fruit, and avocados. If this growth continues, Del Monte will continue to strengthen its position and reassure existing and potential investors.
Fruity: 🍉
Del Monte is a company that produces and distributes fresh fruit and vegetables, as well as prepared fruits and vegetables in the forms of snacks and beverages. It’s perhaps most well known for its canned fruit. It was founded in 1886 in California, US, initially selling coffee and then expanding to selling canned peaches. The food processing company is still based in California today.
Which neme?: 🔍
‘Vegan and Plant-Based’
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