Mission Produce, Inc. (NASDAQ:AVO) CFO Sells $216,000.00 in Stock

Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles sold 15,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.40, for a total value of $216,000.00. Following the transaction, the chief financial officer now directly owns 122,137 shares in the company, valued at $1,758,772.80. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mission Produce Trading Down 0.6 %

Shares of AVO stock opened at $14.10 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 stock has a market capitalization of $999.90 million, a price-to-earnings ratio of 42.73 and a beta of 0.54. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25. The stock’s 50-day moving average price is $13.29 and its 200-day moving average price is $11.93.

Hedge Funds Weigh In On Mission Produce

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Mission Produce by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock valued at $1,597,000 after acquiring an additional 4,160 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mission Produce by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock valued at $123,000 after buying an additional 2,332 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Mission Produce during the second quarter valued at approximately $67,000. American Century Companies Inc. raised its holdings in shares of Mission Produce by 16.5% in the second quarter. American Century Companies Inc. now owns 70,511 shares of the company’s stock worth $697,000 after buying an additional 10,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Mission Produce by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock valued at $13,113,000 after acquiring an additional 266,489 shares during the period. Institutional investors own 63.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.