Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 34,617 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 34,617 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $11.37, for a total value of $393,595.29. Following the transaction, the director now directly owns 7,533,506 shares of the company’s stock, valued at approximately $85,655,963.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mission Produce Stock Performance

Mission Produce stock opened at $11.23 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.47 and a current ratio of 2.27. The stock has a fifty day moving average of $11.31 and a two-hundred day moving average of $10.19. The company has a market capitalization of $795.65 million, a price-to-earnings ratio of 140.38 and a beta of 0.49. Mission Produce, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $13.99.

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

Hedge Funds Weigh In On Mission Produce

Several hedge funds have recently bought and sold shares of the stock. Nuance Investments LLC boosted its holdings in shares of Mission Produce by 7.6% during the fourth quarter. Nuance Investments LLC now owns 4,621,456 shares of the company’s stock worth $46,630,000 after purchasing an additional 327,889 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Mission Produce by 0.9% during the third quarter. Vanguard Group Inc. now owns 2,762,963 shares of the company’s stock worth $26,745,000 after purchasing an additional 24,025 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mission Produce by 10.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock worth $6,640,000 after purchasing an additional 59,983 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Mission Produce by 7.1% during the third 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 last quarter. Finally, Buckingham Strategic Partners LLC acquired a new stake in shares of Mission Produce during the fourth quarter worth $3,952,000. Hedge funds and other institutional investors 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.