GuruFocus - On May 22, 2024, Michael Berthelot, Director of Fresh Del Monte Produce Inc (NYSE:FDP), executed a sale of 5,800 shares of the company at a price of $23.64 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 13,916 shares of Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc, a global producer, marketer, and distributor of fresh and fresh-cut fruit and vegetables, as well as a producer and distributor of prepared food across the world, has seen a variety of insider transactions over the past year. According to records, there has been a total of 1 insider buy and 20 insider sells in the last twelve months.
The recent sale by Michael Berthelot is part of a broader pattern where the insider has sold a total of 11,800 shares over the past year, without any recorded purchases.
Shares of Fresh Del Monte Produce Inc were trading at $23.64 on the day of the transaction, giving the company a market cap of approximately $1.115 billion. The stock is currently considered Modestly Undervalued with a price-to-GF Value ratio of 0.89, based on a GF Value of $26.47.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the companys past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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