Mission Produce, Inc. (NASDAQ:AVO) Director Sells $264,848.22 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 18,278 shares of the stock in a transaction on Monday, December 30th. The stock was 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 owns 256,722 shares in the company, valued at approximately $3,719,901.78. This represents a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mission Produce Trading Down 1.3 %

Shares of Mission Produce stock opened at $14.18 on Friday. 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 capitalization of $1.01 billion, a P/E ratio of 42.97 and a beta of 0.54. The stock has a fifty day simple moving average of $13.20 and a 200 day simple moving average of $11.87. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25.

Analyst Upgrades and Downgrades

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

Institutional Trading of Mission Produce

Several institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its holdings in 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 acquiring an additional 50,680 shares during the period. The Manufacturers Life Insurance Company grew its stake in 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 during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Mission Produce during the 3rd quarter valued at $1,295,000. Jane Street Group LLC boosted its holdings 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 worth $2,029,000 after buying an additional 100,055 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $13,113,000 after buying an additional 266,489 shares during the last quarter. Institutional investors own 63.57% of the company’s stock.

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.