Director Michael Berthelot sold 3,300 shares of Fresh Del Monte Produce Inc (FDP, Financial) on November 6, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 10,107 shares of the company.
Fresh Del Monte Produce Inc is 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.
Over the past year, Michael Berthelot has sold a total of 9,609 shares of the company and has not made any purchases. The insider transaction history for Fresh Del Monte Produce Inc shows a pattern of more sales than purchases among insiders, with 17 sales and only 2 buys over the last year.
On the date of the latest sale, shares of Fresh Del Monte Produce Inc were trading at $33.96, giving the company a market cap of approximately $1.642 billion. The price-earnings ratio of the stock stands at 103.82, significantly above both the industry median of 18.16 and the company's historical median.
The stock's GF Value is estimated at $26.02, indicating that at a price of $33.96, Fresh Del Monte Produce Inc is considered Significantly Overvalued with a price-to-GF-Value ratio of 1.31.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This recent insider activity could be of interest to investors tracking insider behaviors as an indicator of potential future stock performance, particularly in light of the company's current valuation metrics.
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.
