Del Monte Corporation Rebrands and Launches New Ticker Symbol
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2026
0mins
Source: Newsfilter
- New Ticker Symbol Launch: Del Monte Corporation will officially begin trading under the new ticker symbol DMC on June 29, 2026, marking its first day on the New York Stock Exchange, which is expected to enhance market visibility and attract more investor interest.
- Unified Brand Strategy: The rebranding to Del Monte Corporation signifies the first time in nearly four decades that the brand operates under a single owner, aiming to strengthen brand consistency, drive innovation, and expand consumer reach through a coordinated global strategy.
- Historic Moment: CEO Mohammad Abu-Ghazaleh stated that ringing the Opening Bell at the New York Stock Exchange represents a “full-circle moment,” reflecting the company's transformation over the past three decades and showcasing confidence in future opportunities.
- Global Market Expansion: As a leading global food producer, Del Monte Corporation is committed to expanding its presence across fresh and shelf-stable food categories, with expectations to create long-term growth opportunities through its new platform, further solidifying its leadership position in the global market.
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Analyst Views on FDP
About FDP
Del Monte Corporation, formerly Fresh Del Monte Produce Inc., is a vertically integrated producer, marketer and distributor of fresh and fresh-cut fruit and vegetables. Its products include prepared fruit and vegetables, juices, beverages, snacks, and desserts. The Company also operates a global platform across fresh, refrigerated, and shelf-stable food categories. It markets its products worldwide under the DEL MONTE brand and other recognized brands. Its fresh-cut fruit products include Del Monte Gold Extra Sweet pineapples, melons, grapes, citrus, mangos, and kiwis. Its Rubyglow pineapple is a hybrid fruit, grown in the tropical rainforests of Costa Rica. Its bananas are grown on its own farms in Costa Rica, Guatemala, and the Philippines. Its blueberries are grown in North America, as well as Peru and Chile. The Company's other brands include S&W, Contadina, Take Root Organics, and JOYBA.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Del Monte Corporation Rebrands and Launches New Ticker Symbol
- New Ticker Symbol Launch: Del Monte Corporation will officially begin trading under the new ticker symbol DMC on June 29, 2026, marking its first day on the New York Stock Exchange, which is expected to enhance market visibility and attract more investor interest.
- Unified Brand Strategy: The rebranding to Del Monte Corporation signifies the first time in nearly four decades that the brand operates under a single owner, aiming to strengthen brand consistency, drive innovation, and expand consumer reach through a coordinated global strategy.
- Historic Moment: CEO Mohammad Abu-Ghazaleh stated that ringing the Opening Bell at the New York Stock Exchange represents a “full-circle moment,” reflecting the company's transformation over the past three decades and showcasing confidence in future opportunities.
- Global Market Expansion: As a leading global food producer, Del Monte Corporation is committed to expanding its presence across fresh and shelf-stable food categories, with expectations to create long-term growth opportunities through its new platform, further solidifying its leadership position in the global market.
See More
Fresh Del Monte Executive Stock Sale
- Executive Stock Sale: Jorge Pelaez Reyes, SVP of Central America at Fresh Del Monte, reported a direct sale of 2,622 shares on May 28, 2026, valued at approximately $87,000, indicating a cautious stance from the executive regarding market conditions.
- Holding Proportion Change: Following this transaction, Pelaez retains 4,838 shares, representing about 32.1% of his pre-transaction direct holdings, suggesting a potential decrease in confidence in the company's future prospects.
- Market Performance Analysis: The sale was executed at a weighted average price of $33.19 per share, while the market price as of June 4, 2026, was $29.37, reflecting the executive's decision-making in light of market conditions that may indicate concerns about future performance.
- Investor Considerations: Despite Pelaez's 42-year tenure at the company, which suggests strong belief in its potential, his repeated stock sales may raise doubts among investors about Fresh Del Monte's long-term growth potential, especially given the stock's lackluster performance over the past five years.
See More
Fresh Del Monte Executive Sells Shares
- Executive Stock Sale: Jorge Pelaez Reyes, Senior Vice President for Central America at Fresh Del Monte Produce, sold 2,622 shares on May 28, 2026, for approximately $87,000 at an average price of $33.19 per share, representing a 35.15% reduction in his direct stock holdings, indicating a potential lack of confidence in the company's future performance.
- Holding Analysis: Post-transaction, Pelaez retains 4,838 direct common shares, 1,666 dividend equivalent units, 4,641 restricted stock units, and 14,119 performance stock units, reflecting ongoing equity exposure, yet his ownership has decreased to just 32%, raising concerns about his long-term commitment.
- Market Performance Consideration: Despite Fresh Del Monte Produce's stock showing little movement over the past five years, the company has approved periodic dividend increases, with a current yield of about 3.35%, which may explain Pelaez's retention of some shares, particularly for income-focused investors.
- Investor Confidence Impact: Pelaez's third stock sale since 2023, despite his 42-year tenure at the company, may raise red flags for investors regarding the company's outlook, especially as there are potentially more lucrative investment opportunities available in the market, suggesting a cautious approach to investing in Fresh Del Monte Produce.
See More
Fresh Del Monte Produce Rebrands as Del Monte Corporation, Signaling Strategic Evolution
- Name Change Approval: Shareholders of Fresh Del Monte Produce have approved the rebranding to Del Monte Corporation, aligning with the acquisition of select assets from Del Monte Foods Corporation II, which signifies an expanded role in the global market.
- Brand Integration Strategy: The name change will take effect on June 9, 2026, aiming to consolidate the Del Monte brand under one global organization, thereby creating significant opportunities for expansion and innovation while enhancing consumer engagement.
- Ticker Symbol Change: The company's ticker symbol on the New York Stock Exchange will change from FDP to DMC on June 29, 2026, ensuring continuity in trading activities until the transition, reflecting strategic adjustments in the capital markets.
- Future Growth Outlook: The CEO of Del Monte Corporation emphasized the commitment to leveraging the brand's global recognition, anticipating unlocking further growth potential that will drive sales and strengthen relationships with partners and consumers.
See More
Fresh Del Monte Produce Inc. Rebrands as Del Monte Corporation
- Corporate Rebranding: Fresh Del Monte Produce Inc. officially rebrands as Del Monte Corporation on June 9, 2026, reflecting its expanded role as the global owner of the Del Monte® brand and aiming to unlock brand potential through a unified global strategy.
- Ticker Symbol Change: The company will change its NYSE ticker symbol from 'FDP' to 'DMC' effective June 29, 2026, which is expected to enhance brand recognition and attract more investor interest.
- Asset Acquisition: This rebranding coincides with the company's acquisition of select assets from Del Monte Foods Corporation through a court-supervised sale process, although certain products like canned fruits were excluded, enhancing the company's competitive market position.
- Brand Strategy: The restructuring into Del Monte Corporation signifies a commitment to innovation and long-term growth, with expectations to improve brand consistency and market reach through resource integration and customer base expansion.
See More
Fresh Del Monte to Attend Consumer Conference
- Conference Participation: Fresh Del Monte will participate in TD Cowen's 10th Annual Future of the Consumer Conference on June 2 at the Lotte New York Palace Hotel, with CFO Monica Vicente and VP of Investor Relations Christine Cannella engaging in a fireside chat at 1:15 PM ET, highlighting the company's commitment to investor relations.
- Live Webcast: The event will be webcast live on Fresh Del Monte's investor relations website and will be available for replay for at least 30 days, ensuring that investors who cannot attend in person still have access to critical information, thereby enhancing corporate transparency.
- One-on-One Meetings: Management will conduct one-on-one meetings with attending investors, with scheduling facilitated through TD Cowen representatives, further strengthening investor engagement and promoting potential investment opportunities.
- Brand Influence: As a leading global producer of high-quality fresh fruits and vegetables, Fresh Del Monte sells products in over 90 countries and, with over 140 years of brand history, continues to enhance market trust and brand value.
See More
Del Monte Corporation Rebrands and Launches New Ticker Symbol
- New Ticker Symbol Launch: Del Monte Corporation will officially begin trading under the new ticker symbol DMC on June 29, 2026, marking its first day on the New York Stock Exchange, which is expected to enhance market visibility and attract more investor interest.
- Unified Brand Strategy: The rebranding to Del Monte Corporation signifies the first time in nearly four decades that the brand operates under a single owner, aiming to strengthen brand consistency, drive innovation, and expand consumer reach through a coordinated global strategy.
- Historic Moment: CEO Mohammad Abu-Ghazaleh stated that ringing the Opening Bell at the New York Stock Exchange represents a “full-circle moment,” reflecting the company's transformation over the past three decades and showcasing confidence in future opportunities.
- Global Market Expansion: As a leading global food producer, Del Monte Corporation is committed to expanding its presence across fresh and shelf-stable food categories, with expectations to create long-term growth opportunities through its new platform, further solidifying its leadership position in the global market.
See More
Fresh Del Monte Executive Stock Sale
- Executive Stock Sale: Jorge Pelaez Reyes, SVP of Central America at Fresh Del Monte, reported a direct sale of 2,622 shares on May 28, 2026, valued at approximately $87,000, indicating a cautious stance from the executive regarding market conditions.
- Holding Proportion Change: Following this transaction, Pelaez retains 4,838 shares, representing about 32.1% of his pre-transaction direct holdings, suggesting a potential decrease in confidence in the company's future prospects.
- Market Performance Analysis: The sale was executed at a weighted average price of $33.19 per share, while the market price as of June 4, 2026, was $29.37, reflecting the executive's decision-making in light of market conditions that may indicate concerns about future performance.
- Investor Considerations: Despite Pelaez's 42-year tenure at the company, which suggests strong belief in its potential, his repeated stock sales may raise doubts among investors about Fresh Del Monte's long-term growth potential, especially given the stock's lackluster performance over the past five years.
See More
Fresh Del Monte Executive Sells Shares
- Executive Stock Sale: Jorge Pelaez Reyes, Senior Vice President for Central America at Fresh Del Monte Produce, sold 2,622 shares on May 28, 2026, for approximately $87,000 at an average price of $33.19 per share, representing a 35.15% reduction in his direct stock holdings, indicating a potential lack of confidence in the company's future performance.
- Holding Analysis: Post-transaction, Pelaez retains 4,838 direct common shares, 1,666 dividend equivalent units, 4,641 restricted stock units, and 14,119 performance stock units, reflecting ongoing equity exposure, yet his ownership has decreased to just 32%, raising concerns about his long-term commitment.
- Market Performance Consideration: Despite Fresh Del Monte Produce's stock showing little movement over the past five years, the company has approved periodic dividend increases, with a current yield of about 3.35%, which may explain Pelaez's retention of some shares, particularly for income-focused investors.
- Investor Confidence Impact: Pelaez's third stock sale since 2023, despite his 42-year tenure at the company, may raise red flags for investors regarding the company's outlook, especially as there are potentially more lucrative investment opportunities available in the market, suggesting a cautious approach to investing in Fresh Del Monte Produce.
See More
Fresh Del Monte Produce Rebrands as Del Monte Corporation, Signaling Strategic Evolution
- Name Change Approval: Shareholders of Fresh Del Monte Produce have approved the rebranding to Del Monte Corporation, aligning with the acquisition of select assets from Del Monte Foods Corporation II, which signifies an expanded role in the global market.
- Brand Integration Strategy: The name change will take effect on June 9, 2026, aiming to consolidate the Del Monte brand under one global organization, thereby creating significant opportunities for expansion and innovation while enhancing consumer engagement.
- Ticker Symbol Change: The company's ticker symbol on the New York Stock Exchange will change from FDP to DMC on June 29, 2026, ensuring continuity in trading activities until the transition, reflecting strategic adjustments in the capital markets.
- Future Growth Outlook: The CEO of Del Monte Corporation emphasized the commitment to leveraging the brand's global recognition, anticipating unlocking further growth potential that will drive sales and strengthen relationships with partners and consumers.
See More
Fresh Del Monte Produce Inc. Rebrands as Del Monte Corporation
- Corporate Rebranding: Fresh Del Monte Produce Inc. officially rebrands as Del Monte Corporation on June 9, 2026, reflecting its expanded role as the global owner of the Del Monte® brand and aiming to unlock brand potential through a unified global strategy.
- Ticker Symbol Change: The company will change its NYSE ticker symbol from 'FDP' to 'DMC' effective June 29, 2026, which is expected to enhance brand recognition and attract more investor interest.
- Asset Acquisition: This rebranding coincides with the company's acquisition of select assets from Del Monte Foods Corporation through a court-supervised sale process, although certain products like canned fruits were excluded, enhancing the company's competitive market position.
- Brand Strategy: The restructuring into Del Monte Corporation signifies a commitment to innovation and long-term growth, with expectations to improve brand consistency and market reach through resource integration and customer base expansion.
See More
Fresh Del Monte to Attend Consumer Conference
- Conference Participation: Fresh Del Monte will participate in TD Cowen's 10th Annual Future of the Consumer Conference on June 2 at the Lotte New York Palace Hotel, with CFO Monica Vicente and VP of Investor Relations Christine Cannella engaging in a fireside chat at 1:15 PM ET, highlighting the company's commitment to investor relations.
- Live Webcast: The event will be webcast live on Fresh Del Monte's investor relations website and will be available for replay for at least 30 days, ensuring that investors who cannot attend in person still have access to critical information, thereby enhancing corporate transparency.
- One-on-One Meetings: Management will conduct one-on-one meetings with attending investors, with scheduling facilitated through TD Cowen representatives, further strengthening investor engagement and promoting potential investment opportunities.
- Brand Influence: As a leading global producer of high-quality fresh fruits and vegetables, Fresh Del Monte sells products in over 90 countries and, with over 140 years of brand history, continues to enhance market trust and brand value.
See More
