Whole Earth Brands is a global food company enabling healthier lifestyles and providing access to premium plant-based sweeteners, flavor enhancers and other foods through our diverse portfolio of trusted brands and delicious products, including Whole Earth Sweetener®, Swerve®, Pure Via®, Equal® and Canderel®. With food playing a central role in people's health and wellness, Whole Earth Brands' innovative product pipeline addresses the growing consumer demand for more dietary options, baking ingredients and taste profiles. Its world-class global distribution network is the largest provider of plant-based sweeteners in more than 100 countries with a vision to expand its portfolio to responsibly meet local preferences. It is committed to helping people enjoy life's everyday moments and the celebrations that bring people together.
Company profile
Ticker
FREE, FREEW
Exchange
Website
CEO
Albert Manzone
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Act II Global Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Merisant Company • Merisant Luxembourg Sarl • Mafco Worldwide LLC • Extraits Vegetaux ET Derives, SAS • Zhangjiangang Free Trade Zone Mafco Biotech Co., Ltd. • Swerve, L.L.C. • Swerve IP, L.L.C. • WSO Investments, Inc. • Wholesome Sweeteners, Incorporated ...
FREE stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-K
2022 FY
Annual report
13 Mar 23
8-K
Whole Earth Brands Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Guidance
13 Mar 23
8-K
Whole Earth Brands, Inc. Announces CEO Transition Plan
12 Dec 22
10-Q
2022 Q3
Quarterly report
9 Nov 22
8-K
Whole Earth Brands Reports Third Quarter 2022 Results
9 Nov 22
8-K
Whole Earth Brands, Inc. Appoints Michael Franklin to its Board of Directors
31 Aug 22
10-Q
2022 Q2
Quarterly report
9 Aug 22
8-K
Whole Earth Brands Reports Second Quarter 2022 Results and Reaffirms Full Year Guidance
9 Aug 22
8-K
Entry into a Material Definitive Agreement
17 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
13 Jun 22
Transcripts
FREE
Earnings call transcript
2022 Q3
9 Nov 22
FREE
Earnings call transcript
2022 Q2
13 Aug 22
FREE
Earnings call transcript
2022 Q2
10 May 22
FREE
Earnings call transcript
2021 Q4
14 Mar 22
FREE
Earnings call transcript
2021 Q3
9 Nov 21
FREE
Earnings call transcript
2021 Q2
9 Aug 21
FREE
Earnings call transcript
2021 Q1
14 May 21
Latest ownership filings
SC 13D
FRANKLIN MARTIN E
16 Mar 23
4
Change in insider ownership
15 Mar 23
3/A
MARTIN E FRANKLIN
15 Mar 23
SC 13G
ARMISTICE CAPITAL, LLC
14 Feb 23
SC 13G
GOLDMAN SACHS GROUP INC
14 Feb 23
SC 13G/A
Rubric Capital Management LP
10 Feb 23
SC 13G
BlackRock Inc.
10 Feb 23
SC 13G/A
FMR LLC
9 Feb 23
SC 13G
VANGUARD GROUP INC
9 Feb 23
4
Duane A Portwood
12 Jan 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 28.68 mm | 28.68 mm | 28.68 mm | 28.68 mm | 28.68 mm | 28.68 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 19.28 mm | 3.02 mm | (no burn) | 484.17 k |
| Cash used (since last report) | n/a | n/a | 51.91 mm | 8.14 mm | n/a | 1.30 mm |
| Cash remaining | n/a | n/a | -23.23 mm | 20.54 mm | n/a | 27.37 mm |
| Runway (months of cash) | n/a | n/a | -1.2 | 6.8 | n/a | 56.5 |
Institutional ownership, Q4 2022
85.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 105 |
| Opened positions | 22 |
| Closed positions | 25 |
| Increased positions | 42 |
| Reduced positions | 27 |
| 13F shares | Current |
|---|---|
| Total value | 104.31 bn |
| Total shares | 35.80 mm |
| Total puts | 700.00 |
| Total calls | 101.00 k |
| Total put/call ratio | 0.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Franklin Martin E | 5.77 mm | $36.21 mm |
| GS Goldman Sachs | 2.99 mm | $12.16 bn |
| BLK Blackrock | 2.64 mm | $10.76 bn |
| FMR | 2.61 mm | $10.61 bn |
| Armistice Capital | 2.48 mm | $10.08 bn |
| Vanguard | 2.11 mm | $8.60 bn |
| Pacific Ridge Capital Partners | 1.33 mm | $5.40 bn |
| Systematic Financial Management | 999.06 k | $4.07 bn |
| Rubric Capital Management | 998.36 k | $4.06 bn |
| Linden Capital | 852.43 k | $9.29 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 23 | Sababa Holdings Free | Common Stock | Buy | Acquire P | No | No | 2.79 | 580,000 | 1.62 mm | 8,366,300 |
| 14 Mar 23 | Sababa Holdings Free | Common Stock | Buy | Acquire P | No | No | 2.95 | 120,000 | 354.00 k | 7,786,300 |
| 13 Mar 23 | Sababa Holdings Free | Common Stock | Buy | Acquire P | No | No | 2.97 | 1,900,000 | 5.64 mm | 7,666,300 |
| 10 Jan 23 | Portwood Duane A | Common Stock | Payment of exercise | Dispose F | No | No | 3.71 | 4,457 | 16.54 k | 8,131 |
| 10 Jan 23 | Portwood Duane A | Common Stock | Option exercise | Acquire M | No | No | 0 | 12,588 | 0.00 | 12,588 |
| 10 Jan 23 | Portwood Duane A | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 12,588 | 0.00 | 164,349 |
| 28 Sep 22 | Brian Litman | Common Stock | Payment of exercise | Dispose F | No | No | 4.3 | 2,677 | 11.51 k | 16,037 |
| 28 Sep 22 | Brian Litman | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,811 | 0.00 | 18,714 |
| 28 Sep 22 | Brian Litman | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 6,811 | 0.00 | 65,985 |
| 22 Aug 22 | Brian Litman | RSU Common Stock | Grant | Dispose A | No | No | 0 | 43,147 | 0.00 | 72,796 |
News
Over $7M Bet On This Consumer Defensive Stock? Check Out These 4 Penny Stocks Insiders Are Buying
16 Mar 23
Looking Into Whole Earth Brands's Return On Invested Capital
15 Mar 23
Canaccord Genuity Maintains Buy on Whole Earth Brands, Lowers Price Target to $6
14 Mar 23
Whole Earth Brands Q4 EPS $(1.44) Down From $(0.01) YoY, Sales $138.90M Beat $138.89M Estimate
13 Mar 23
Stocks That Hit 52-Week Lows On Friday
10 Mar 23