Fresh Del Monte: Buy The Dip

Fresh Del Monte (FDP) is a buy on the dip after a 10% post-earnings pullback, offering 31% upside to a $48 price target. FDP benefits from a robust logistics network, recent Del Monte Foods acquisition, and a compelling 3.3% dividend yield with double-digit normalized free cash flow yield. Guidance calls for 13-15% sales growth in FY26, driven by acquisition synergies, with margin expansion led by value-added and prepared foods segments.