Charles Schwab Investment Management Inc. Sells 76,722 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 535,124 shares of the company's stock after selling 76,722 shares during the period. Charles Schwab Investment Management Inc. owned 0.75% of Mission Produce worth $6,860,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Mission Produce by 8.3% during the 3rd quarter. Creative Planning now owns 11,226 shares of the company's stock valued at $144,000 after acquiring an additional 858 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Mission Produce by 15.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company's stock valued at $166,000 after purchasing an additional 1,870 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mission Produce by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company's stock valued at $123,000 after purchasing an additional 2,332 shares during the period. XTX Topco Ltd boosted its position in shares of Mission Produce by 18.7% during the 2nd quarter. XTX Topco Ltd now owns 19,179 shares of the company's stock worth $189,000 after purchasing an additional 3,025 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Mission Produce by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company's stock valued at $1,597,000 after buying an additional 4,160 shares during the period. 63.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Roth Mkm upped their price target on Mission Produce from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Lake Street Capital reaffirmed a "buy" rating and set a $15.00 target price on shares of Mission Produce in a research report on Tuesday, September 10th.

Insider Buying and Selling

In related news, Director Jay A. Pack sold 22,000 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $13.41, for a total transaction of $295,020.00. Following the transaction, the director now directly owns 1,115,160 shares in the company, valued at approximately $14,954,295.60. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $13.25, for a total transaction of $1,326,325.00. Following the completion of the sale, the director now owns 8,630,002 shares of the company's stock, valued at approximately $114,347,526.50. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,113 shares of company stock worth $2,592,130. 41.60% of the stock is owned by corporate insiders.

Mission Produce Stock Down 0.3 %

Shares of NASDAQ:AVO traded down $0.04 during midday trading on Thursday, hitting $13.23. 188,295 shares of the company's stock were exchanged, compared to its average volume of 223,438. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40. Mission Produce, Inc. has a 12 month low of $8.76 and a 12 month high of $14.17. The company has a market cap of $938.15 million, a PE ratio of 40.09 and a beta of 0.54. The stock has a 50 day moving average price of $12.73 and a 200-day moving average price of $11.63.

Mission Produce (NASDAQ:AVO - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.23. The business had revenue of $324.00 million during the quarter, compared to the consensus estimate of $229.90 million. Mission Produce had a return on equity of 6.69% and a net margin of 2.06%. On average, sell-side analysts anticipate that Mission Produce, Inc. will post 0.39 EPS for the current fiscal year.

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.