Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) CEO Sells 103,847 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) CEO Stephen J. Barnard sold 103,847 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $14.53, for a total value of $1,508,896.91. Following the completion of the sale, the chief executive officer now owns 1,790,966 shares of the company's stock, valued at $26,022,735.98. The trade was a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mission Produce Stock Down 0.5 %

Mission Produce stock traded down $0.07 during mid-day trading on Tuesday, hitting $14.37. The company had a trading volume of 309,859 shares, compared to its average volume of 240,221. Mission Produce, Inc. has a 12 month low of $9.54 and a 12 month high of $15.25. The company has a market capitalization of $1.02 billion, a PE ratio of 43.55 and a beta of 0.54. The stock's 50 day moving average price is $13.15 and its two-hundred day moving average price 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.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Mission Produce

Several institutional investors and hedge funds have recently made changes to their positions in AVO. Dimensional Fund Advisors LP boosted its holdings in shares of Mission Produce by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company's stock valued at $13,113,000 after acquiring an additional 266,489 shares during the last quarter. Geode Capital Management LLC lifted its position in Mission Produce by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company's stock valued at $13,797,000 after purchasing an additional 22,090 shares during the period. Marshall Wace LLP boosted its holdings in Mission Produce by 202.1% in the second quarter. Marshall Wace LLP now owns 215,047 shares of the company's stock worth $2,125,000 after purchasing an additional 143,858 shares during the last quarter. Bank of New York Mellon Corp raised 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 buying an additional 4,160 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Mission Produce by 171.9% during the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company's stock valued at $2,029,000 after buying an additional 100,055 shares during the period. Institutional investors own 63.57% of the company's stock.

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.