Mission Produce, Inc. (NASDAQ:AVO) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 415,132 shares of the company's stock after buying an additional 78,106 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.59% of Mission Produce worth $5,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AVO. Geode Capital Management LLC boosted its stake in shares of Mission Produce by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company's stock worth $13,797,000 after buying an additional 22,090 shares during the period. American Century Companies Inc. lifted its position in Mission Produce by 328.2% during the 4th quarter. American Century Companies Inc. now owns 485,095 shares of the company's stock worth $6,971,000 after acquiring an additional 371,813 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Mission Produce by 36.5% in the 4th quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company's stock valued at $2,362,000 after purchasing an additional 43,957 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Mission Produce by 171.9% in the third quarter. Jane Street Group LLC now owns 158,257 shares of the company's stock valued at $2,029,000 after purchasing an additional 100,055 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Mission Produce by 56.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,897 shares of the company's stock valued at $2,269,000 after purchasing an additional 56,885 shares during the period. 63.57% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, insider Juan R. Wiesner sold 75,153 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $10.08, for a total value of $757,542.24. Following the completion of the sale, the insider now directly owns 1,000,000 shares of the company's stock, valued at $10,080,000. This trade represents a 6.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 35.41% of the stock is owned by insiders.

Mission Produce Stock Performance

Shares of NASDAQ AVO traded up $0.22 during mid-day trading on Friday, hitting $9.96. 234,550 shares of the company were exchanged, compared to its average volume of 289,394. The stock has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $12.18. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. The firm has a market cap of $707.88 million, a price-to-earnings ratio of 19.53 and a beta of 0.54.

Mission Produce 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.