Fresh Del Monte Produce exec sells $35,645 in stock

Published 03/04/2025, 22:22
Fresh Del Monte Produce exec sells $35,645 in stock

Marissa R. Tenazas, Senior Vice President and Chief Human Resources Officer at Fresh Del Monte Produce Inc . (NYSE:FDP), a $1.51 billion market cap company trading at an attractive P/E ratio of 10.6x, recently sold 1,148 shares of the company’s stock. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value estimate. The transaction, which took place on April 2, 2025, was executed at a price of $31.05 per share, totaling approximately $35,645.

In addition to the sale, Tenazas acquired a total of 2,556 ordinary shares on April 1, 2025. These acquisitions were recorded at no cost, as they were related to the vesting of performance stock units and dividend equivalent units. Following these transactions, Tenazas holds approximately 3,573 shares directly.

In other recent news, Fresh Del Monte Produce Inc. reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.26, which fell short of the anticipated $0.43. Revenue for the quarter also missed expectations, coming in at $1.01 billion compared to the forecasted $1.02 billion. Despite these misses, the company improved its gross profit by 2% to $358 million for the full year and reduced its long-term debt by 39%. Fresh Del Monte also announced the appointment of Deema Anani as Chief Commercial Officer for Specialty Ingredients, emphasizing its strategic focus on the Biomass initiative. HealthStream (NASDAQ:HSTM), Inc. recently appointed Charles E. Beard, Jr. to its Board of Directors, with Beard bringing extensive experience from his previous roles at Guidehouse and other organizations. These developments reflect both companies’ ongoing efforts to strengthen their leadership and strategic initiatives. Fresh Del Monte’s new appointments and strategic focus on sustainability initiatives underline its commitment to advancing sustainable practices in the industry.

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