Mission Produce, Inc. (NASDAQ:AVO) Director Sells $1,227,552.98 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 106,466 shares of Mission Produce stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $11.53, for a total value of $1,227,552.98. Following the completion of the transaction, the director now owns 7,568,123 shares in the company, valued at approximately $87,260,458.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mission Produce Trading Up 0.5 %

Shares of Mission Produce stock traded up $0.06 on Friday, reaching $11.54. 271,764 shares of the company’s stock were exchanged, compared to its average volume of 182,159. The company has a market capitalization of $817.61 million, a P/E ratio of 143.50, a price-to-earnings-growth ratio of 1.38 and a beta of 0.49. Mission Produce, Inc. has a 52 week low of $8.19 and a 52 week high of $13.99. The firm’s 50-day moving average is $11.24 and its two-hundred day moving average is $10.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.47 and a current ratio of 2.27.

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, topping analysts’ consensus estimates of ($0.08) by $0.16. The firm had revenue of $258.70 million for the quarter, compared to analysts’ expectations of $188.40 million. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. Sell-side analysts predict that Mission Produce, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stephens cut their price objective on Mission Produce from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, December 22nd.

Hedge Funds Weigh In On Mission Produce

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Mission Produce by 38.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,267 shares of the company’s stock worth $33,000 after purchasing an additional 629 shares in the last quarter. Lazard Asset Management LLC raised its position in Mission Produce by 49.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,450 shares of the company’s stock valued at $30,000 after buying an additional 808 shares during the last quarter. Signaturefd LLC raised its position in Mission Produce by 638.5% in the 3rd quarter. Signaturefd LLC now owns 2,917 shares of the company’s stock valued at $28,000 after buying an additional 2,522 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Mission Produce by 3,991.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,437 shares of the company’s stock valued at $43,000 after buying an additional 3,353 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Mission Produce by 68.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock valued at $39,000 after buying an additional 1,576 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

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.