Integrated Advisors Network LLC Sells 68,000 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Integrated Advisors Network LLC cut its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 901,000 shares of the company's stock after selling 68,000 shares during the period. Integrated Advisors Network LLC owned about 1.27% of Mission Produce worth $11,551,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AVO. Lazard Asset Management LLC grew its position in Mission Produce by 245.2% during the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company's stock worth $52,000 after acquiring an additional 3,112 shares during the last quarter. Point72 DIFC Ltd bought a new position in Mission Produce in the 2nd quarter valued at $53,000. Point72 Asset Management L.P. bought a new position in Mission Produce in the 2nd quarter valued at $53,000. nVerses Capital LLC bought a new position in Mission Produce in the 2nd quarter valued at $67,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Mission Produce in the 2nd quarter valued at $73,000. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Trading Down 0.2 %

Shares of NASDAQ:AVO traded down $0.02 during midday trading on Tuesday, hitting $11.93. The company had a trading volume of 150,721 shares, compared to its average volume of 221,924. Mission Produce, Inc. has a 12 month low of $8.19 and a 12 month high of $13.62. 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 stock has a market cap of $845.96 million, a price-to-earnings ratio of 47.72 and a beta of 0.48. The firm has a fifty day simple moving average of $12.03 and a 200 day simple moving average of $11.36.

Mission Produce (NASDAQ:AVO - Get Free Report) last posted its quarterly earnings results on Monday, September 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.23. Mission Produce had a return on equity of 6.69% and a net margin of 2.06%. The business had revenue of $324.00 million for the quarter, compared to analyst estimates of $229.90 million. On average, analysts predict that Mission Produce, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Jay A. Pack sold 22,000 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $13.41, for a total transaction of $295,020.00. Following the sale, the director now owns 1,115,160 shares of the company's stock, valued at approximately $14,954,295.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Mission Produce news, Director Luis A. Gonzalez sold 49,331 shares of Mission Produce stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.03, for a total value of $642,782.93. Following the sale, the director now owns 7,398,902 shares of the company's stock, valued at $96,407,693.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jay A. Pack sold 22,000 shares of Mission Produce stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $13.41, for a total value of $295,020.00. Following the completion of the sale, the director now directly owns 1,115,160 shares in the company, valued at approximately $14,954,295.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 296,059 shares of company stock valued at $3,920,360. 41.60% of the stock is owned by company insiders.

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.