Holdings Venture Globalharvest Acquires 13,679 Shares of Mission Produce (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest acquired 13,679 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were bought at an average cost of $11.64 per share, with a total value of $159,223.56. Following the purchase, the insider owned 7,413,462 shares in the company, valued at approximately $86,292,697.68. The trade was a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 29th, Holdings Venture Globalharvest acquired 59,761 shares of Mission Produce stock. The stock was bought at an average cost of $11.60 per share, for a total transaction of $693,227.60.
• 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.
• On Tuesday, December 23rd, Holdings Venture Globalharvest bought 112,505 shares of Mission Produce stock. The shares were bought at an average price of $11.61 per share, for a total transaction of $1,306,183.05.
• On Monday, November 10th, Holdings Venture Globalharvest purchased 5,262 shares of Mission Produce stock. The shares were bought at an average cost of $12.46 per share, for a total transaction of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest acquired 3,545 shares of Mission Produce stock. The stock was purchased at an average cost of $12.03 per share, with a total value of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest bought 72,165 shares of Mission Produce stock. The stock was purchased at an average price of $11.94 per share, with a total value of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest purchased 784 shares of Mission Produce stock. The shares were purchased at an average cost of $11.70 per share, for a total transaction of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest acquired 49,055 shares of Mission Produce stock. The shares were acquired at an average price of $11.69 per share, with a total value of $573,452.95.

Mission Produce Stock Up 0.1%

Shares of AVO traded up $0.01 during trading on Tuesday, reaching $11.60. The company’s stock had a trading volume of 627,665 shares, compared to its average volume of 528,352. Mission Produce, Inc. has a twelve month low of $9.56 and a twelve month high of $14.50. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.19. The company has a market cap of $818.61 million, a price-to-earnings ratio of 22.31 and a beta of 0.58. The company has a fifty day moving average of $12.04 and a two-hundred day moving average of $12.17.

Mission Produce (NASDAQ:AVO) last posted its quarterly earnings results on Thursday, December 18th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $319.00 million during the quarter, compared to analyst estimates of $301.60 million. Mission Produce had a net margin of 2.71% and a return on equity of 8.18%. The company’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. On average, sell-side analysts predict that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

AVO has been the topic of several research analyst reports. Roth Capital raised their price objective on Mission Produce from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Stephens started coverage on shares of Mission Produce in a report on Friday, September 12th. They issued an “overweight” rating and a $17.00 price target for the company. Zacks Research lowered shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mission Produce in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AVO. GAMMA Investing LLC raised its holdings in shares of Mission Produce by 673.8% during the third quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock valued at $29,000 after buying an additional 2,136 shares during the last quarter. Quarry LP acquired a new stake in Mission Produce in the 3rd quarter valued at approximately $29,000. State of Alaska Department of Revenue acquired a new position in Mission Produce during the 3rd quarter worth $33,000. Tower Research Capital LLC TRC lifted its holdings in Mission Produce by 211.8% in the second 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 during the period. Finally, AlphaQuest LLC lifted its stake in shares of Mission Produce by 33.7% in the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock worth $56,000 after acquiring an additional 1,174 shares during the period. Institutional investors 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.