Mission Produce, Inc. (NASDAQ:AVO) CFO Sells $216,000.00 in Stock

Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) CFO Bryan E. Giles sold 15,000 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.40, for a total value of $216,000.00. Following the completion of the sale, the chief financial officer now directly owns 122,137 shares of the company's stock, valued at $1,758,772.80. This represents a 10.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mission Produce Stock Performance

NASDAQ:AVO traded down $0.19 during mid-day trading on Thursday, hitting $14.18. 504,145 shares of the company's stock traded hands, compared to its average volume of 240,221. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 42.97 and a beta of 0.54. The firm has a 50 day moving average of $13.20 and a two-hundred day moving average of $11.87. 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 12 month low of $9.54 and a 12 month high of $15.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in Mission Produce by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company's stock worth $1,597,000 after acquiring an additional 4,160 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mission Produce by 22.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company's stock worth $123,000 after purchasing an additional 2,332 shares during the period. nVerses Capital LLC bought a new position in shares of Mission Produce during the 2nd quarter worth about $67,000. American Century Companies Inc. raised its position in shares of Mission Produce by 16.5% during the second quarter. American Century Companies Inc. now owns 70,511 shares of the company's stock valued at $697,000 after buying an additional 10,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Mission Produce by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company's stock valued at $13,113,000 after buying an additional 266,489 shares during the period. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Roth Mkm increased their price target on Mission Produce from $14.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Lake Street Capital reiterated a "buy" rating and issued a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th.

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.