Barclays PLC Grows Stake in Mission Produce, Inc. (NASDAQ:AVO)

Barclays PLC raised its position in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 308.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,092 shares of the company's stock after purchasing an additional 50,680 shares during the period. Barclays PLC owned approximately 0.09% of Mission Produce worth $860,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AVO. Creative Planning grew its holdings in shares of Mission Produce by 8.3% during the 3rd quarter. Creative Planning now owns 11,226 shares of the company's stock valued at $144,000 after purchasing an additional 858 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mission Produce by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company's stock valued at $123,000 after buying an additional 2,332 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Mission Produce by 18.7% during the second quarter. XTX Topco Ltd now owns 19,179 shares of the company's stock valued at $189,000 after buying an additional 3,025 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Mission Produce by 46.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company's stock worth $139,000 after buying an additional 3,455 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Mission Produce by 2.6% in 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 acquiring an additional 4,160 shares during the last quarter. Institutional investors own 63.57% of the company's stock.

Insider Buying and Selling

In related news, Director Luis A. Gonzalez sold 18,278 shares of the stock in a transaction dated 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 transaction, the director now directly owns 256,722 shares in the company, valued at $3,719,901.78. This trade 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 this hyperlink. Also, CEO Stephen J. Barnard sold 7,032 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.51, for a total transaction of $102,034.32. Following the sale, the chief executive officer now directly owns 1,787,450 shares in the company, valued at $25,935,899.50. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,322 shares of company stock valued at $3,029,105 over the last three months. Corporate insiders own 41.60% of the company's stock.

Analyst Ratings Changes

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

Mission Produce Trading Down 0.5 %

NASDAQ AVO traded down $0.07 during trading on Wednesday, hitting $14.37. The company had a trading volume of 309,859 shares, compared to its average volume of 240,221. The company's fifty day moving average is $13.15 and its 200-day moving average is $11.86. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 43.55 and a beta of 0.54.

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.