Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 30,438 Shares of Stock

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

Mission Produce Stock Up 0.5 %

NASDAQ AVO traded up $0.06 during mid-day trading on Friday, hitting $11.54. The company’s stock had a trading volume of 271,764 shares, compared to its average volume of 182,159. The company’s 50 day simple moving average is $11.24 and its 200 day simple moving average is $10.14. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.99. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $817.61 million, a price-to-earnings ratio of 144.25, a PEG ratio of 1.38 and a beta of 0.49.

Mission Produce (NASDAQ:AVO) last posted its quarterly earnings results on Monday, March 11th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.16. Mission Produce had a net margin of 0.60% and a return on equity of 3.98%. The business had revenue of $258.70 million during the quarter, compared to the consensus estimate of $188.40 million. Analysts anticipate that Mission Produce, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, Stephens reduced their price objective on shares of Mission Produce from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, December 22nd.

Institutional Trading of Mission Produce

Several hedge funds have recently bought and sold shares of AVO. Swiss National Bank lifted its stake in Mission Produce by 2.0% during the 3rd quarter. Swiss National Bank now owns 93,300 shares of the company’s stock valued at $903,000 after acquiring an additional 1,800 shares in the last quarter. Raymond James & Associates raised its stake in shares of Mission Produce by 12.2% during the 4th quarter. Raymond James & Associates now owns 271,107 shares of the company’s stock worth $2,735,000 after purchasing an additional 29,561 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Mission Produce by 17.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,777 shares of the company’s stock worth $191,000 after purchasing an additional 3,000 shares during the period. SG Americas Securities LLC raised its stake in shares of Mission Produce by 28.1% during the 4th quarter. SG Americas Securities LLC now owns 25,325 shares of the company’s stock worth $256,000 after purchasing an additional 5,552 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Mission Produce by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 399,344 shares of the company’s stock worth $3,866,000 after purchasing an additional 26,312 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Company Profile

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.