Mission Produce (NASDAQ:AVO) Major Shareholder Buys $42,646.35 in Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest acquired 3,545 shares of Mission Produce stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $12.03 per share, for a total transaction of $42,646.35. Following the completion of the acquisition, the insider directly owned 7,240,737 shares in the company, valued at approximately $87,106,066.11. This represents a 0.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Holdings Venture Globalharvest also recently made the following trade(s):

• On Thursday, November 6th, Holdings Venture Globalharvest purchased 72,165 shares of Mission Produce stock. The stock was acquired at an average cost of $11.94 per share, with a total value of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest bought 784 shares of Mission Produce stock. The stock was bought at an average price of $11.70 per share, with a total value of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest acquired 49,055 shares of Mission Produce stock. The shares were purchased at an average cost of $11.69 per share, for a total transaction of $573,452.95.

Mission Produce Stock Performance

Shares of Mission Produce stock traded up $0.24 during trading on Monday, reaching $12.59. The company’s stock had a trading volume of 310,114 shares, compared to its average volume of 351,930. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. The firm has a market cap of $889.11 million, a PE ratio of 23.31 and a beta of 0.56. Mission Produce, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $15.25. The company has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $11.81.

Mission Produce (NASDAQ:AVO) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 EPS for the quarter. Mission Produce had a return on equity of 7.89% and a net margin of 2.73%.The business had revenue of $261.40 million during the quarter. On average, analysts forecast that Mission Produce, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

AVO has been the subject of several research analyst reports. Zacks Research upgraded Mission Produce from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a report on Wednesday, October 8th. Stephens assumed coverage on Mission Produce in a research note on Friday, September 12th. They issued an “overweight” rating and a $17.00 price objective on the stock. Finally, Roth Capital boosted their price target on Mission Produce from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $17.00.

Institutional Trading of Mission Produce

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its holdings in shares of Mission Produce by 33.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,798 shares of the company’s stock worth $731,000 after buying an additional 15,073 shares during the last quarter. State of Wyoming bought a new stake in Mission Produce in the 3rd quarter worth $119,000. AlphaQuest LLC grew its position in shares of Mission Produce by 33.7% in the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock worth $56,000 after buying an additional 1,174 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Mission Produce in the third quarter worth $505,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Mission Produce by 12.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,375 shares of the company’s stock worth $185,000 after purchasing an additional 1,667 shares during the period. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Mission Produce Company Profile

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.