Mission Produce, Inc. (NASDAQ:AVO) Shares Sold by Lincoln National Corp

Lincoln National Corp reduced its position in Mission Produce, Inc. (NASDAQ:AVOGet Rating) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,750 shares of the company’s stock after selling 1,500 shares during the period. Lincoln National Corp owned about 0.09% of Mission Produce worth $907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in Mission Produce by 49.2% during the first quarter. Lazard Asset Management LLC now owns 2,450 shares of the company’s stock worth $30,000 after acquiring an additional 808 shares during the period. PNC Financial Services Group Inc. raised its position in Mission Produce by 3,991.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,437 shares of the company’s stock worth $43,000 after acquiring an additional 3,353 shares during the period. Amalgamated Bank acquired a new position in Mission Produce during the first quarter worth $59,000. Penserra Capital Management LLC raised its position in Mission Produce by 73.9% during the first quarter. Penserra Capital Management LLC now owns 6,530 shares of the company’s stock worth $82,000 after acquiring an additional 2,776 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Mission Produce by 53.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,451 shares of the company’s stock worth $106,000 after acquiring an additional 2,590 shares during the period. 22.48% of the stock is currently owned by institutional investors and hedge funds.

Mission Produce Price Performance

Shares of NASDAQ AVO opened at $12.22 on Wednesday. The firm has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $14.93. The stock has a market capitalization of $863.59 million, a price-to-earnings ratio of -24.94 and a beta of 0.49. The company has a quick ratio of 1.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. Mission Produce, Inc. has a 52 week low of $11.04 and a 52 week high of $16.96.

Analyst Ratings Changes

A number of equities analysts have weighed in on AVO shares. TheStreet cut shares of Mission Produce from a “c-” rating to a “d+” rating in a research report on Friday. Stephens reduced their price objective on shares of Mission Produce from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, December 23rd.

Mission Produce Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Mission Produce (NASDAQ:AVO)

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