Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 959 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Taylor Family Investments, Llc sold 959 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $13.00, for a total value of $12,467.00. Following the transaction, the director now owns 9,127,174 shares in the company, valued at approximately $118,653,262. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mission Produce Stock Down 1.4 %

NASDAQ AVO traded down $0.19 during mid-day trading on Monday, reaching $12.99. 367,629 shares of the company’s stock traded hands, compared to its average volume of 210,023. The company has a fifty day simple moving average of $10.75 and a 200-day simple moving average of $11.14. Mission Produce, Inc. has a 1-year low of $8.19 and a 1-year high of $13.45. The company has a market cap of $921.12 million, a price-to-earnings ratio of 52.72 and a beta of 0.47. The company has a current ratio of 2.02, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Mission Produce

Several large investors have recently added to or reduced their stakes in AVO. Quadrant Capital Group LLC raised its stake in Mission Produce by 68.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after acquiring an additional 1,576 shares during the period. Lazard Asset Management LLC raised its position in shares of 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 purchasing an additional 3,112 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Mission Produce in the 2nd quarter worth approximately $53,000. Point72 Asset Management L.P. acquired a new position in Mission Produce during the 2nd quarter valued at approximately $53,000. Finally, nVerses Capital LLC bought a new position in Mission Produce during the 2nd quarter worth $67,000. 63.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on AVO. Lake Street Capital reissued a “buy” rating and set a $15.00 price target on shares of Mission Produce in a research report on Tuesday, September 10th. Roth Mkm raised their price target on shares of Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

Mission Produce Company 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.