Charles Schwab Investment Management Inc. Reduces Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

Charles Schwab Investment Management Inc. trimmed its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 451,659 shares of the company's stock after selling 83,465 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.64% of Mission Produce worth $6,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Mission Produce by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company's stock worth $13,797,000 after acquiring an additional 22,090 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Mission Produce by 36.5% in the fourth quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company's stock valued at $2,362,000 after buying an additional 43,957 shares in the last quarter. Jane Street Group LLC boosted its position in Mission Produce by 171.9% during the third quarter. Jane Street Group LLC now owns 158,257 shares of the company's stock worth $2,029,000 after purchasing an additional 100,055 shares in the last quarter. Walleye Capital LLC acquired a new stake in Mission Produce in the 3rd quarter valued at $1,939,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Mission Produce during the fourth quarter worth about $2,147,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

Mission Produce Price Performance

AVO stock traded down $0.15 during midday trading on Friday, reaching $10.12. The stock had a trading volume of 338,095 shares, compared to its average volume of 280,518. Mission Produce, Inc. has a 52-week low of $9.54 and a 52-week high of $15.25. The company has a market cap of $719.25 million, a price-to-earnings ratio of 19.84 and a beta of 0.47. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $11.49 and its 200 day simple moving average is $12.44.

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Insider Transactions at Mission Produce

In other Mission Produce news, insider Juan R. Wiesner sold 75,153 shares of Mission Produce stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $10.08, for a total transaction 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. The trade was a 6.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Luis A. Gonzalez sold 18,278 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.49, for a total transaction of $264,848.22. Following the completion of the transaction, the director now directly owns 256,722 shares in the company, valued at $3,719,901.78. This trade represents a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,285 shares of company stock worth $1,572,120. 35.41% of the stock is currently owned by company insiders.

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.