Mission Produce (NASDAQ:AVO) Major Shareholder Buys $44,118.30 in Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest acquired 3,695 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average cost of $11.94 per share, for a total transaction of $44,118.30. Following the acquisition, the insider directly owned 9,991,577 shares of the company’s stock, valued at $119,299,429.38. This trade represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Holdings Venture Globalharvest also recently made the following trade(s):

• On Thursday, January 22nd, Holdings Venture Globalharvest bought 71,750 shares of Mission Produce stock. The stock was acquired at an average cost of $13.80 per share, with a total value of $990,150.00.
• On Wednesday, January 21st, Holdings Venture Globalharvest bought 237,270 shares of Mission Produce stock. The shares were bought at an average price of $12.92 per share, for a total transaction of $3,065,528.40.
• On Tuesday, January 20th, Holdings Venture Globalharvest bought 300,000 shares of Mission Produce stock. The shares were bought at an average price of $12.50 per share, for a total transaction of $3,750,000.00.
• On Friday, January 16th, Holdings Venture Globalharvest purchased 324,295 shares of Mission Produce stock. The shares were bought at an average cost of $12.37 per share, for a total transaction of $4,011,529.15.
• On Thursday, January 15th, Holdings Venture Globalharvest purchased 985,704 shares of Mission Produce stock. The stock was bought at an average price of $11.76 per share, with a total value of $11,591,879.04.
• On Thursday, January 8th, Holdings Venture Globalharvest acquired 13,683 shares of Mission Produce stock. The stock was bought at an average price of $11.96 per share, with a total value of $163,648.68.
• On Wednesday, January 7th, Holdings Venture Globalharvest acquired 7,472 shares of Mission Produce stock. The shares were bought at an average cost of $11.61 per share, for a total transaction of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest acquired 59,761 shares of Mission Produce stock. The shares were bought at an average cost of $11.60 per share, for a total transaction of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest bought 13,679 shares of Mission Produce stock. The shares were bought at an average price of $11.64 per share, for a total transaction of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest bought 15,365 shares of Mission Produce stock. The stock was bought at an average cost of $11.60 per share, with a total value of $178,234.00.

Mission Produce Price Performance

AVO stock opened at $12.22 on Friday. The firm has a 50 day moving average of $13.48 and a 200-day moving average of $12.57. The company has a market cap of $865.74 million, a price-to-earnings ratio of 26.57 and a beta of 0.60. The company has a current ratio of 1.86, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19. Mission Produce, Inc. has a 12-month low of $9.60 and a 12-month high of $15.02.

Mission Produce (NASDAQ:AVO) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $278.60 million for the quarter, compared to analysts’ expectations of $277.33 million. Mission Produce had a return on equity of 8.24% and a net margin of 2.48%.The company’s revenue was down 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. As a group, equities analysts expect that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mission Produce in a research note on Wednesday, January 21st. Lake Street Capital reissued a “buy” rating on shares of Mission Produce in a research note on Thursday, January 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Institutional Investors Weigh In On Mission Produce

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Mission Produce by 673.8% during the third quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock worth $29,000 after buying an additional 2,136 shares in the last quarter. Quarry LP purchased a new stake in shares of Mission Produce in the third quarter valued at $29,000. Leonteq Securities AG acquired a new stake in shares of Mission Produce during the fourth quarter valued at $31,000. State of Alaska Department of Revenue acquired a new stake in shares of Mission Produce during the third quarter valued at $33,000. Finally, Tower Research Capital LLC TRC increased its position in Mission Produce by 211.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $54,000 after purchasing an additional 3,158 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Company Profile

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.