Mission Produce, Inc. (NASDAQ:AVO) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lowered its position in shares of Mission Produce, Inc. (NASDAQ:AVO) by 57.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 39,367 shares of the company’s stock after selling 52,565 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Mission Produce were worth $566,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in Mission Produce during the 4th quarter worth about $635,000. JPMorgan Chase & Co. lifted its holdings in shares of Mission Produce by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock valued at $665,000 after buying an additional 16,968 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Mission Produce in the 4th quarter valued at about $1,133,000. HighTower Advisors LLC acquired a new position in shares of Mission Produce in the 4th quarter valued at about $166,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Mission Produce by 72.6% in the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock valued at $137,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Stock Performance

Shares of AVO stock opened at $10.85 on Friday. The stock has a market cap of $771.13 million, a PE ratio of 21.27 and a beta of 0.54. The business has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $11.85. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a 52-week low of $9.54 and a 52-week high of $15.25.

Insider Activity

In other news, insider Juan R. Wiesner sold 75,153 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $10.08, for a total value of $757,542.24. Following the completion of the transaction, the insider now owns 1,000,000 shares of the company’s stock, valued at $10,080,000. The trade was a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 35.41% of the company’s stock.

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.