Mission Produce, Inc. (NASDAQ:AVO) Director Sells $349,732.62 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 30,438 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $11.49, for a total value of $349,732.62. Following the completion of the sale, the director now directly owns 7,736,482 shares in the company, valued at $88,892,178.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mission Produce Stock Up 0.5 %

Shares of NASDAQ AVO traded up $0.06 during trading on Friday, reaching $11.54. The company had a trading volume of 271,764 shares, compared to its average volume of 182,159. Mission Produce, Inc. has a 12-month low of $8.19 and a 12-month high of $13.99. The stock has a market cap of $817.61 million, a PE ratio of 144.25, a P/E/G ratio of 1.38 and a beta of 0.49. The business’s 50-day moving average is $11.24 and its 200 day moving average is $10.14. The company has a quick ratio of 1.47, a current ratio of 2.27 and a debt-to-equity ratio of 0.33.

Mission Produce (NASDAQ:AVO) last released its earnings results on Monday, March 11th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. The firm had revenue of $258.70 million for the quarter, compared to analysts’ expectations of $188.40 million. As a group, equities analysts forecast that Mission Produce, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mission Produce

A number of institutional investors have recently modified their holdings of AVO. Sanders Morris Harris LLC bought a new position in Mission Produce during the 1st quarter valued at about $119,000. Vanguard Group Inc. grew its stake in shares of Mission Produce by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 2,801,428 shares of the company’s stock worth $28,266,000 after acquiring an additional 38,465 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mission Produce by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,062 shares of the company’s stock worth $122,000 after acquiring an additional 1,183 shares during the period. Barclays PLC grew its stake in shares of Mission Produce by 357.4% in the fourth quarter. Barclays PLC now owns 75,096 shares of the company’s stock worth $757,000 after acquiring an additional 58,677 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of Mission Produce by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 166,398 shares of the company’s stock worth $1,679,000 after acquiring an additional 956 shares during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens reduced their price target on Mission Produce from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, December 22nd.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.