No insider purchase over the last 90 days. The latest was filed 21 Jun 2023.
This page follows insider dealings at Whole Earth Brands, Inc. as filed with SEC (Form 4), a company from the Food & Agriculture sector. Whole Earth Brands, Inc. has had no insider filing for more than a year; the last one goes back to 5 August 2024.
Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
FY ended December 2023 · cache
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Whole Earth Brands, Inc. (NASDAQ: FREE) is a United States-listed food company focused on natural, plant-based and clean-label alternatives to sugar, including zero- and low-calorie sweeteners as well as flavor-enhancing and functional ingredients. For French-speaking investors, the key point is that this is a U.S. consumer staples / food ingredients name traded on the NASDAQ in the United States, not a European-listed company. The business was formed in its current corporate structure after the June 2020 business combination and domestication of Act II Global Acquisition Corp., which changed its name to Whole Earth Brands, Inc. and became the parent of legacy operating businesses including Merisant and Mafco.
The company’s strategy is built around two core operating segments. The Branded CPG segment covers consumer brands positioned around wellness, sugar reduction and better-for-you consumption, including Whole Earth, Wholesome, Pure Via, Equal, Canderel and Swerve. The Flavors & Ingredients segment supplies functional ingredients and formulation solutions, including Magnasweet, which is used as a sweetness intensifier, masking agent and flavor enhancer. This mix gives Whole Earth Brands a relatively defensive profile within the food value chain, supported by long-term consumer trends such as healthier lifestyles, reduced sugar intake, plant-based products and clean-label demand.
Commercially, the group competes in a niche but attractive category. Rather than being a broad-based packaged food conglomerate, it focuses on sweeteners and ingredient solutions where brand recognition, formulation expertise, channel access and product breadth matter. Its competitive position is reinforced by a portfolio spanning both retail-facing brands and business-to-business ingredients. According to company materials, its brands are sold across more than 20 countries in Europe, North America, the Caribbean and Asia, which gives the company meaningful geographic reach and diversification, albeit with foreign exchange exposure and varied consumer preferences by region.
Recent operating updates suggest the company has been working to improve profitability and streamline execution. First-quarter 2024 results showed higher gross margin and improved Adjusted EBITDA, even as the company continued to incur costs linked to a pending merger at that time. Management also highlighted lower raw material and freight costs, as well as reduced supply-chain reinvention expense, as drivers of improved operating income in Branded CPG. At the same time, volumes in that segment were softer, partially offset by pricing, while Flavors & Ingredients posted modest revenue growth. As of March 31, 2024, the company still carried substantial long-term debt, making balance-sheet management an important part of the investment case.
Overall, Whole Earth Brands is best viewed as a mid-cap food and ingredients platform exposed to durable consumer wellness trends, but one that remains sensitive to execution, leverage and margin recovery. For investors following SEC Form 4 insider activity, the stock can be of interest because changes in insider ownership may carry additional signaling value in a smaller-cap, relatively niche business model.
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2023 | 550.9 m USD | -38.1 m USD | -0.90 USD | 10-K |
| Dec 2022 | 538.3 m USD | -58.8 m USD | -1.42 USD | 10-K |
| Dec 2021 | 494.0 m USD | 83,000 USD | 0.00 USD | 10-K |
| Dec 2019 | 272.1 m USD | 30.8 m USD | n.d. | 10-K |
| Dec 2018 | 291.0 m USD | 20.8 m USD | n.d. | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.