Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 34,617 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 34,617 shares of Mission Produce stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $11.37, for a total value of $393,595.29. Following the sale, the director now directly owns 7,533,506 shares in the company, valued at $85,655,963.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mission Produce Stock Down 1.3 %

NASDAQ AVO opened at $11.23 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $11.31 and its two-hundred day moving average is $10.19. The company has a market capitalization of $795.65 million, a price-to-earnings ratio of 140.38 and a beta of 0.49. Mission Produce, Inc. has a 1-year low of $8.19 and a 1-year high of $13.99.

Mission Produce (NASDAQ:AVO) last announced its earnings results on Monday, March 11th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $188.40 million. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. Equities analysts forecast that Mission Produce, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Buckingham Strategic Partners LLC acquired a new position in Mission Produce during the 4th quarter worth $3,952,000. Nuance Investments LLC lifted its holdings in Mission Produce by 7.6% during the 4th quarter. Nuance Investments LLC now owns 4,621,456 shares of the company’s stock worth $46,630,000 after buying an additional 327,889 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Mission Produce by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock worth $6,640,000 after buying an additional 59,983 shares in the last quarter. Raymond James & Associates lifted its holdings in Mission Produce by 12.2% during the 4th quarter. Raymond James & Associates now owns 271,107 shares of the company’s stock worth $2,735,000 after buying an additional 29,561 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Mission Produce by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 399,344 shares of the company’s stock worth $3,866,000 after buying an additional 26,312 shares in the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

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.