Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 31,157 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 31,157 shares of Mission Produce stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $11.22, for a total transaction of $349,581.54. Following the completion of the transaction, the director now owns 7,466,920 shares in the company, valued at $83,778,842.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mission Produce Stock Performance

NASDAQ:AVO traded down $0.15 during midday trading on Wednesday, reaching $11.23. The stock had a trading volume of 171,828 shares, compared to its average volume of 181,714. Mission Produce, Inc. has a 12-month low of $8.19 and a 12-month high of $13.99. The company has a quick ratio of 1.47, a current ratio of 2.27 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $11.31 and a two-hundred day simple moving average of $10.19. The stock has a market cap of $795.65 million, a P/E ratio of 140.38 and a beta of 0.49.

Mission Produce (NASDAQ:AVO) last released its earnings results on Monday, March 11th. The company reported $0.08 EPS for the quarter, beating 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 company had revenue of $258.70 million during the quarter, compared to the consensus estimate of $188.40 million. On average, equities analysts expect that Mission Produce, Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Mission Produce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in Mission Produce by 638.5% in the third quarter. Signaturefd LLC now owns 2,917 shares of the company’s stock valued at $28,000 after acquiring an additional 2,522 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Mission Produce by 68.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after buying an additional 1,576 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Mission Produce by 437.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,004 shares of the company’s stock worth $50,000 after buying an additional 4,073 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Mission Produce during the 3rd quarter worth $61,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of Mission Produce during the 1st quarter worth $119,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.