Grupo Herdez’s Price Adjustment Concerns Amidst US Trade Changes
Grupo Herdez, a leading Mexican producer of processed foods, including mayonnaise, sauces, and guacamole, distributed in the United States, has hinted at potential price increases should there be changes in tariffs. The company’s CFO, Gerardo Canavati Miguel, stated during a call with analysts and investors regarding their second-quarter 2025 financial results that they would absorb short-term pressures and potentially raise prices. However, no price adjustments have been made yet due to the current situation.
Goldman Sachs Assists Millennium Management in Selling Shares
In an unusual move, Goldman Sachs is helping Millennium Management, a global hedge fund, sell shares to its wealthiest clients. The minimum commitment is $1 million, while the maximum is $20 million, as per documents circulated by the investment bank among its clients.
For the first time in years, Millennium Management is allowing external investors to buy shares directly, aiming to sell up to 15% of the company.
The Trade Desk’s Underperformance Despite S&P 500 Inclusion
The Trade Desk, a real-time advertising platform, has underperformed since being added to the Standard & Poor’s 500 index, a benchmark for high-capitalization US stocks. The company replaced Ansys, which became a privately held entity after being acquired by Synopsys.
Ansys’ departure from public independence led to its removal from the S&P 500. Eligibility for inclusion in the index considers factors like market capitalization, profitability standards, and other requirements. The index committee may also exercise discretion.
Total Play Receives Positive Outlook from Moody’s
Total Play, a restricted TV and internet provider in Mexico, received an upgraded outlook from “stable” to “positive” by Moody’s Ratings due to its liquidity profile and competitive position.
The new outlook suggests that Total Play’s corporate family rating, reaffirmed at B3 (sixth speculative grade level), could improve within the next 12 to 18 months. Moody’s believes Total Play has adequate liquidity sources to meet funding needs until mid-2027 and expects its free cash flow to be neutral, given the company’s plan to reduce payables.
Peña Verde’s Share Sale by Director
Peña Verde, an insurance company, announced that its director general and shareholder, Manuel Santiago Escobedo Conover, sold a package of shares to a trust he owns alongside other directors.
The trust (number 18812-1) acquired 55.3 million shares from Escobedo, representing 11.61% of Peña Verde’s capital stock, according to a press release.
Post-purchase, the trust “expresses its intention to continue acquiring the company’s shares,” as stated in Peña Verde’s press release.
Key Questions and Answers
- Q: Why might Grupo Herdez raise prices? A: Grupo Herdez may increase prices if there are changes in tariffs with the United States, where it distributes its products.
- Q: What is Goldman Sachs’ role in Millennium Management’s share sale? A: Goldman Sachs is assisting Millennium Management in selling shares to its wealthiest clients.
- Q: Why has The Trade Desk underperformed despite being included in the S&P 500? A: The Trade Desk replaced Ansys in the S&P 500 after Ansys was acquired by Synopsys, causing it to lose its public, independent status.
- Q: What led to Total Play’s positive outlook from Moody’s? A: Total Play received a positive outlook due to its strong liquidity profile and competitive position.
- Q: Why did Peña Verde’s director sell shares to a trust? A: Manuel Santiago Escobedo Conover sold shares to a trust he owns with other directors, intending to continue acquiring the company’s shares.
