258,000 Shares in Mission Produce, Inc. $AVO Acquired by Capula Management Ltd

Capula Management Ltd acquired a new position in shares of Mission Produce, Inc. (NASDAQ:AVO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 258,000 shares of the company’s stock, valued at approximately $3,550,000.

A number of other institutional investors have also recently bought and sold shares of AVO. Quarry LP acquired a new stake in shares of Mission Produce in the third quarter worth about $29,000. Leonteq Securities AG acquired a new position in shares of Mission Produce in the 4th quarter valued at $31,000. GAMMA Investing LLC raised its position in Mission Produce by 87.1% in the fourth quarter. GAMMA Investing LLC now owns 4,589 shares of the company’s stock worth $53,000 after purchasing an additional 2,136 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 buying an additional 3,158 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Mission Produce by 466.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,035 shares of the company’s stock worth $82,000 after purchasing an additional 5,792 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AVO shares. Wall Street Zen downgraded Mission Produce from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. UBS Group set a $16.00 price target on shares of Mission Produce in a research note on Wednesday, June 10th. Finally, Weiss Ratings cut shares of Mission Produce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.67.

Mission Produce Trading Down 3.4%

Shares of Mission Produce stock opened at $12.22 on Friday. The firm’s 50-day moving average price is $12.01 and its two-hundred day moving average price is $12.98. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 38.19 and a beta of 0.49. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. Mission Produce, Inc. has a 12-month low of $10.07 and a 12-month high of $15.53.

Mission Produce declared that its Board of Directors has authorized a share repurchase program on Monday, June 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 13.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Mission Produce news, major shareholder Holdings Venture Globalharvest acquired 592,957 shares of the stock in a transaction on Thursday, July 9th. The shares were purchased at an average price of $13.28 per share, for a total transaction of $7,874,468.96. Following the completion of the acquisition, the insider owned 12,963,396 shares in the company, valued at approximately $172,153,898.88. This represents a 4.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce C. Taylor purchased 70,283 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of $11.25 per share, for a total transaction of $790,683.75. Following the completion of the acquisition, the director owned 855,842 shares of the company’s stock, valued at $9,628,222.50. The trade was a 8.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 3,352,161 shares of company stock valued at $42,458,664. Company insiders own 30.85% 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.