Cornerstone Investment Partners LLC Invests $223,000 in Mission Produce, Inc. (NASDAQ:AVO)

Cornerstone Investment Partners LLC bought a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,520 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. R Squared Ltd acquired a new position in Mission Produce during the fourth quarter worth $34,000. New York State Teachers Retirement System acquired a new position in shares of Mission Produce during the 4th quarter worth about $57,000. Quantbot Technologies LP purchased a new position in Mission Produce in the 3rd quarter valued at about $76,000. Quarry LP acquired a new stake in Mission Produce in the 3rd quarter worth about $114,000. Finally, Martingale Asset Management L P purchased a new stake in Mission Produce during the 3rd quarter worth approximately $129,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insider Activity at Mission Produce

In other news, Director Luis A. Gonzalez sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $14.18, for a total value of $283,600.00. Following the completion of the sale, the director now directly owns 275,000 shares in the company, valued at $3,899,500. This represents a 6.78 % 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 link. Also, Director Jay A. Pack sold 59,165 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $14.70, for a total value of $869,725.50. Following the completion of the sale, the director now directly owns 1,015,160 shares of the company’s stock, valued at approximately $14,922,852. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,252 shares of company stock valued at $3,256,786. 41.60% of the stock is owned by insiders.

Mission Produce Stock Performance

NASDAQ AVO opened at $11.82 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $12.48 and its 200-day simple moving average is $12.48. The company has a market cap of $840.07 million, a PE ratio of 23.18 and a beta of 0.48. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25.

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.