Mission Produce, Inc. (NASDAQ:AVO) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,353 shares of the company's stock after purchasing an additional 43,957 shares during the period. Bank of New York Mellon Corp owned about 0.23% of Mission Produce worth $2,362,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AVO. Barclays PLC increased its stake in shares of Mission Produce by 308.8% during the third quarter. Barclays PLC now owns 67,092 shares of the company's stock worth $860,000 after buying an additional 50,680 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Mission Produce by 8.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company's stock valued at $850,000 after purchasing an additional 4,894 shares in the last quarter. Jane Street Group LLC lifted its position 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 worth $2,029,000 after purchasing an additional 100,055 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Mission Produce during the third quarter worth $1,295,000. Finally, JPMorgan Chase & Co. increased its holdings in Mission Produce by 48.6% in the third quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company's stock valued at $665,000 after buying an additional 16,968 shares during the last quarter. Hedge funds and other institutional investors own 63.57% of the company's stock.

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Insider Transactions at Mission Produce

In other news, CEO Stephen J. Barnard sold 103,847 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $14.53, for a total value of $1,508,896.91. Following the transaction, the chief executive officer now owns 1,790,966 shares of the company's stock, valued at approximately $26,022,735.98. The trade was a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Juan R. Wiesner sold 21,892 shares of Mission Produce stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $10.05, for a total transaction of $220,014.60. Following the completion of the sale, the insider now directly owns 21,412 shares in the company, valued at approximately $215,190.60. The trade was a 50.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 262,132 shares of company stock worth $3,364,617. Insiders own 35.41% of the company's stock.

Mission Produce Stock Down 0.2 %

Shares of NASDAQ:AVO traded down $0.02 during trading on Tuesday, hitting $9.79. 289,986 shares of the company were exchanged, compared to its average volume of 272,628. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25. The stock has a market capitalization of $695.79 million, a P/E ratio of 19.20 and a beta of 0.47. The firm's 50 day moving average price is $11.64 and its 200-day moving average price is $12.48.

Mission Produce 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.