Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Purchases 112,505 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 112,505 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was purchased at an average cost of $11.61 per share, with a total value of $1,306,183.05. Following the purchase, the insider owned 7,384,418 shares of the company’s stock, valued at $85,733,092.98. This represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 Monday, December 29th, Holdings Venture Globalharvest purchased 59,761 shares of Mission Produce stock. The shares were acquired at an average cost of $11.60 per share, for a total transaction of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest acquired 13,679 shares of Mission Produce stock. The stock was acquired at an average price of $11.64 per share, with a total value of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest bought 15,365 shares of Mission Produce stock. The shares were acquired at an average cost of $11.60 per share, for a total transaction of $178,234.00.
• On Monday, November 10th, Holdings Venture Globalharvest bought 5,262 shares of Mission Produce stock. The stock was acquired at an average price of $12.46 per share, for a total transaction of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest purchased 3,545 shares of Mission Produce stock. The stock was acquired at an average cost of $12.03 per share, with a total value of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest purchased 72,165 shares of Mission Produce stock. The shares were acquired at an average price of $11.94 per share, with a total value of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest acquired 784 shares of Mission Produce stock. The shares were bought at an average cost of $11.70 per share, for a total transaction of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest acquired 49,055 shares of Mission Produce stock. The stock was bought at an average price of $11.69 per share, for a total transaction of $573,452.95.

Mission Produce Trading Up 0.1%

Shares of NASDAQ AVO traded up $0.01 during midday trading on Tuesday, reaching $11.60. The company had a trading volume of 627,665 shares, compared to its average volume of 528,352. The stock has a market cap of $818.61 million, a PE ratio of 22.31 and a beta of 0.58. Mission Produce, Inc. has a one year low of $9.56 and a one year high of $14.50. The firm’s fifty day moving average price is $12.04 and its 200-day moving average price is $12.17. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.19.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The company had revenue of $319.00 million during the quarter, compared to analysts’ expectations of $301.60 million. During the same period last year, the firm earned $0.28 earnings per share. Mission Produce’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, equities research analysts anticipate that Mission Produce, Inc. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Mission Produce

A number of hedge funds have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Mission Produce during the 3rd quarter valued at about $629,000. PharVision Advisers LLC purchased a new position in shares of Mission Produce in the third quarter worth approximately $210,000. Virtus Advisers LLC bought a new stake in Mission Produce during the third quarter valued at approximately $95,000. Quarry LP bought a new stake in Mission Produce during the third quarter valued at approximately $29,000. Finally, Qube Research & Technologies Ltd increased its holdings in Mission Produce by 27.2% during the third quarter. Qube Research & Technologies Ltd now owns 342,264 shares of the company’s stock valued at $4,114,000 after buying an additional 73,223 shares during the last quarter. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Stephens began coverage on Mission Produce in a research report on Friday, September 12th. They issued an “overweight” rating and a $17.00 target price for the company. Roth Capital lifted their price target on Mission Produce from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mission Produce in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

About Mission Produce

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.