Mission Produce, Inc. (NASDAQ:AVO) Director Sells $283,600.00 in Stock

Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) Director Luis A. Gonzalez sold 20,000 shares of the company's stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $14.18, for a total transaction of $283,600.00. Following the completion of the sale, the director now directly owns 275,000 shares of the company's stock, valued at approximately $3,899,500. This trade represents a 6.78 % 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 the SEC website.

Mission Produce Stock Down 0.5 %

Shares of NASDAQ:AVO traded down $0.07 during trading on Tuesday, reaching $14.37. The stock had a trading volume of 309,859 shares, compared to its average volume of 240,221. The firm's 50-day simple moving average is $13.15 and its 200 day simple moving average is $11.86. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The company has a market capitalization of $1.02 billion, a P/E ratio of 43.55 and a beta of 0.54.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AVO. Lake Street Capital restated a "buy" rating and set a $15.00 target price on shares of Mission Produce in a report on Tuesday, September 10th. Roth Mkm upped their price objective 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 Investors Weigh In On Mission Produce

Several institutional investors have recently bought and sold shares of AVO. Creative Planning boosted its holdings in Mission Produce by 8.3% in the third quarter. Creative Planning now owns 11,226 shares of the company's stock worth $144,000 after acquiring an additional 858 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mission Produce by 22.9% in the 2nd 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 last quarter. XTX Topco Ltd boosted its stake in Mission Produce by 18.7% in 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. Point72 Asia Singapore Pte. Ltd. grew its position in Mission Produce by 46.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company's stock worth $139,000 after purchasing an additional 3,455 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Mission Produce by 2.6% during 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 purchasing an additional 4,160 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

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.