Prudential Financial Inc. Makes New $635,000 Investment in Mission Produce, Inc. (NASDAQ:AVO)

Prudential Financial Inc. bought a new stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,155 shares of the company's stock, valued at approximately $635,000. Prudential Financial Inc. owned approximately 0.06% of Mission Produce at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Mission Produce during the 4th quarter worth $34,000. New York State Teachers Retirement System acquired a new position in Mission Produce during the fourth quarter worth about $57,000. KLP Kapitalforvaltning AS bought a new position in shares of Mission Produce in the fourth quarter worth about $114,000. New York State Common Retirement Fund boosted its stake in shares of Mission Produce by 72.6% in the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock valued at $137,000 after purchasing an additional 4,000 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Mission Produce during the 4th quarter valued at approximately $166,000. Institutional investors own 63.57% of the company's stock.

Mission Produce Price Performance

AVO stock traded up $0.22 during trading on Friday, reaching $9.96. 234,550 shares of the company were exchanged, compared to its average volume of 290,115. The company has a market capitalization of $707.88 million, a price-to-earnings ratio of 19.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The company has a 50-day moving average of $10.97 and a two-hundred day moving average of $12.17. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25.

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Insider Transactions at Mission Produce

In other news, insider Juan R. Wiesner sold 21,892 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total value of $220,014.60. Following the completion of the transaction, the insider now owns 21,412 shares of the company's stock, valued at $215,190.60. This represents a 50.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 35.41% of the company's stock.

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.