Mission Produce, Inc. (NASDAQ:AVO) Director Sells $349,732.62 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 30,438 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $11.49, for a total value of $349,732.62. Following the transaction, the director now directly owns 7,736,482 shares in the company, valued at approximately $88,892,178.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mission Produce Stock Performance

NASDAQ AVO opened at $11.54 on Monday. The company has a quick ratio of 1.47, a current ratio of 2.27 and a debt-to-equity ratio of 0.33. Mission Produce, Inc. has a 52-week low of $8.19 and a 52-week high of $13.99. The business’s 50-day moving average price is $11.26 and its 200 day moving average price is $10.16. The firm has a market cap of $817.61 million, a P/E ratio of 144.25, a P/E/G ratio of 1.39 and a beta of 0.49.

Mission Produce (NASDAQ:AVO) last released 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. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. The firm had revenue of $258.70 million for the quarter, compared to analyst estimates of $188.40 million. On average, equities research analysts expect that Mission Produce, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Mission Produce

Institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank boosted its holdings in Mission Produce by 2.0% in the 3rd quarter. Swiss National Bank now owns 93,300 shares of the company’s stock valued at $903,000 after purchasing an additional 1,800 shares in the last quarter. Raymond James & Associates boosted its holdings in Mission Produce by 12.2% in the 4th quarter. Raymond James & Associates now owns 271,107 shares of the company’s stock valued at $2,735,000 after purchasing an additional 29,561 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Mission Produce by 17.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,777 shares of the company’s stock valued at $191,000 after purchasing an additional 3,000 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Mission Produce by 28.1% during the 4th quarter. SG Americas Securities LLC now owns 25,325 shares of the company’s stock worth $256,000 after acquiring an additional 5,552 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mission Produce by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 399,344 shares of the company’s stock worth $3,866,000 after acquiring an additional 26,312 shares in the last quarter. 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.