Jay A. Pack Sells 59,165 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) Director Jay A. Pack sold 59,165 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $14.70, for a total value of $869,725.50. Following the completion of the sale, the director now directly owns 1,015,160 shares of the company's stock, valued at approximately $14,922,852. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mission Produce Trading Up 0.4 %

NASDAQ AVO traded up $0.06 during trading on Thursday, hitting $14.45. 622,463 shares of the company's stock traded hands, compared to its average volume of 237,777. The stock has a fifty day moving average of $13.01 and a two-hundred day moving average of $11.76. 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 $9.54 and a 12-month high of $15.25. The firm has a market cap of $1.02 billion, a P/E ratio of 43.79 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. 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. Roth Mkm increased 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AVO. JPMorgan Chase & Co. increased its holdings in Mission Produce by 48.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company's stock valued at $665,000 after purchasing an additional 16,968 shares during the period. Virtu Financial LLC bought a new stake in shares of Mission Produce in the 3rd quarter worth approximately $440,000. Barclays PLC raised its holdings in shares of Mission Produce by 308.8% during the third quarter. Barclays PLC now owns 67,092 shares of the company's stock valued at $860,000 after acquiring an additional 50,680 shares in the last quarter. Geode Capital Management LLC lifted its stake in Mission Produce by 2.1% in the third 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 during the period. Finally, XTX Topco Ltd lifted its stake in Mission Produce by 113.1% in the third quarter. XTX Topco Ltd now owns 40,861 shares of the company's stock worth $524,000 after acquiring an additional 21,682 shares during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

About Mission Produce

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.