JPMorgan Chase & Co. Acquires 83,961 Shares of Mission Produce, Inc. (NASDAQ:AVO)

JPMorgan Chase & Co. raised its position in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 161.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,824 shares of the company's stock after buying an additional 83,961 shares during the period. JPMorgan Chase & Co. owned about 0.19% of Mission Produce worth $1,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AVO. R Squared Ltd purchased a new position in shares of Mission Produce during the fourth quarter valued at about $34,000. New York State Teachers Retirement System purchased a new position in shares of Mission Produce in the 4th quarter valued at approximately $57,000. KLP Kapitalforvaltning AS bought a new stake in shares of Mission Produce during the fourth quarter valued at approximately $114,000. New York State Common Retirement Fund boosted its position in shares of Mission Produce by 72.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock valued at $137,000 after purchasing an additional 4,000 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Mission Produce in the fourth quarter worth $166,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

Insider Buying and Selling

In other news, insider Juan R. Wiesner sold 75,153 shares of the stock in a transaction 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 sale, the insider now directly owns 1,000,000 shares of the company's stock, valued at approximately $10,080,000. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 35.41% of the stock is currently owned by insiders.

Mission Produce Stock Down 3.3 %

Shares of AVO stock traded down $0.35 during mid-day trading on Monday, reaching $10.29. 165,280 shares of the company's stock traded hands, compared to its average volume of 291,619. The company's 50-day moving average price is $10.69 and its 200-day moving average price is $12.02. The company has a market cap of $731.33 million, a P/E ratio of 20.18 and a beta of 0.54. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a 12 month low of $9.54 and a 12 month high of $15.25.

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.