IQ EQ FUND MANAGEMENT IRELAND Ltd Reduces Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in shares of Mission Produce, Inc. (NASDAQ:AVO) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,545 shares of the company’s stock after selling 6,301 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.06% of Mission Produce worth $640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of Mission Produce in the 3rd quarter worth approximately $153,000. The Manufacturers Life Insurance Company raised its position in Mission Produce by 8.0% in the third quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock worth $850,000 after acquiring an additional 4,894 shares during the period. Quantbot Technologies LP purchased a new position in shares of Mission Produce during the 3rd quarter worth $76,000. Martingale Asset Management L P purchased a new position in shares of Mission Produce during the 3rd quarter worth $129,000. Finally, Walleye Capital LLC bought a new stake in shares of Mission Produce during the 3rd quarter valued at $1,939,000. 63.57% of the stock is owned by institutional investors.

Mission Produce Price Performance

Shares of Mission Produce stock opened at $10.12 on Friday. The stock has a market cap of $719.25 million, a P/E ratio of 19.84 and a beta of 0.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87. The stock’s fifty day moving average is $11.44 and its 200 day moving average is $12.43. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25.

Insiders Place Their Bets

In related news, CEO Stephen J. Barnard sold 7,032 shares of Mission Produce stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.51, for a total transaction of $102,034.32. Following the transaction, the chief executive officer now owns 1,787,450 shares in the company, valued at approximately $25,935,899.50. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bryan E. Giles sold 15,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $14.40, for a total value of $216,000.00. Following the completion of the sale, the chief financial officer now owns 122,137 shares of the company’s stock, valued at $1,758,772.80. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,285 shares of company stock worth $1,572,120 over the last quarter. 35.41% of the stock is currently owned by corporate 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.