Mission Produce, Inc. (NASDAQ:AVO) Director Sells $869,725.50 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 59,165 shares of Mission Produce stock in a transaction on Friday, December 20th. The stock was sold at an average price of $14.70, for a total transaction of $869,725.50. Following the sale, the director now directly owns 1,015,160 shares in the company, valued at approximately $14,922,852. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mission Produce Stock Down 1.4 %

NASDAQ AVO opened at $14.25 on Friday. The business’s fifty day simple moving average is $13.05 and its 200-day simple moving average is $11.78. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.01 billion, a PE ratio of 43.18 and a beta of 0.54. Mission Produce, Inc. has a 52 week low of $9.54 and a 52 week high of $15.25.

Hedge Funds Weigh In On Mission Produce

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Mission Produce by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock valued at $13,113,000 after purchasing an additional 266,489 shares during the last quarter. Walleye Capital LLC acquired a new position in Mission Produce in the third quarter valued at about $1,939,000. Marshall Wace LLP boosted its stake in Mission Produce by 202.1% during the second quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after buying an additional 143,858 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Mission Produce during the third quarter valued at about $1,295,000. Finally, Jane Street Group LLC raised its stake in shares of Mission Produce by 171.9% in the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after acquiring an additional 100,055 shares during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVO has been the topic of several research reports. Roth Mkm raised their price target on shares of Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note 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 report on Tuesday, September 10th.

About Mission Produce

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.