Mission Produce, Inc. (NASDAQ:AVO) Director Sells $283,600.00 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $14.18, for a total value of $283,600.00. Following the completion of the sale, the director now owns 275,000 shares in the company, valued at $3,899,500. This represents a 6.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mission Produce Trading Down 1.3 %

Shares of AVO stock opened at $14.18 on Friday. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25. The company has a market capitalization of $1.01 billion, a PE ratio of 42.97 and a beta of 0.54. The firm has a 50 day moving average price of $13.20 and a two-hundred day moving average price of $11.87. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.

Institutional Trading of Mission Produce

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Mission Produce by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock worth $1,597,000 after buying an additional 4,160 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mission Produce by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock worth $123,000 after acquiring an additional 2,332 shares during the period. nVerses Capital LLC acquired a new stake in Mission Produce in the 2nd quarter worth about $67,000. American Century Companies Inc. grew its position in shares of Mission Produce by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 70,511 shares of the company’s stock worth $697,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Mission Produce by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock worth $13,113,000 after purchasing an additional 266,489 shares during the period. 63.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVO has been the topic of a number of recent analyst reports. Roth Mkm boosted their target price on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital reiterated a “buy” rating and issued a $15.00 price objective on shares of Mission Produce in a report on Tuesday, September 10th.

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.