Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 18,278 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) Director Luis A. Gonzalez sold 18,278 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $14.49, for a total value of $264,848.22. Following the completion of the sale, the director now owns 256,722 shares in the company, valued at approximately $3,719,901.78. This represents a 6.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mission Produce Stock Performance

Mission Produce stock traded down $0.07 during midday trading on Tuesday, hitting $14.37. 309,859 shares of the company were exchanged, compared to its average volume of 240,221. The business has a fifty day simple moving average of $13.15 and a two-hundred day simple moving average of $11.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02. The firm has a market capitalization of $1.02 billion, a PE ratio of 43.55 and a beta of 0.54. Mission Produce, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $15.25.

Analysts Set New Price Targets

AVO has been the topic of several recent research reports. Roth Mkm upped their price objective on shares of 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 restated a "buy" rating and set a $15.00 target price on shares of Mission Produce in a research report on Tuesday, September 10th.

Institutional Investors Weigh In On Mission Produce

Several hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Mission Produce during the 2nd quarter worth about $53,000. Point72 DIFC Ltd purchased a new position in Mission Produce during the second quarter worth approximately $53,000. nVerses Capital LLC purchased a new position in Mission Produce during the second quarter worth approximately $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Mission Produce in the second quarter valued at approximately $73,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Mission Produce in the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

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.