Insider Buying: Mission Produce (NASDAQ:AVO) Major Shareholder Buys $65,564.52 in Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest acquired 5,262 shares of Mission Produce stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $12.46 per share, with a total value of $65,564.52. Following the completion of the purchase, the insider owned 7,245,999 shares in the company, valued at approximately $90,285,147.54. The trade was a 0.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings Venture Globalharvest also recently made the following trade(s):

• On Friday, November 7th, Holdings Venture Globalharvest bought 3,545 shares of Mission Produce stock. The shares were bought at an average price of $12.03 per share, for a total transaction of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest purchased 72,165 shares of Mission Produce stock. The stock was bought at an average price of $11.94 per share, with a total value of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest purchased 784 shares of Mission Produce stock. The shares were bought at an average cost of $11.70 per share, for a total transaction of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest acquired 49,055 shares of Mission Produce stock. The stock was bought at an average cost of $11.69 per share, with a total value of $573,452.95.

Mission Produce Price Performance

NASDAQ:AVO opened at $12.39 on Monday. The stock has a market capitalization of $874.98 million, a PE ratio of 22.94 and a beta of 0.56. Mission Produce, Inc. has a 1-year low of $9.56 and a 1-year high of $15.25. The firm has a fifty day simple moving average of $12.10 and a 200 day simple moving average of $11.88. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 EPS for the quarter. The firm had revenue of $261.40 million during the quarter. Mission Produce had a net margin of 2.73% and a return on equity of 7.89%. On average, research analysts expect that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Mission Produce

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Mission Produce by 673.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock valued at $29,000 after purchasing an additional 2,136 shares during the period. State of Alaska Department of Revenue bought a new position in Mission Produce during the 3rd quarter worth $33,000. PNC Financial Services Group Inc. lifted its holdings in shares of Mission Produce by 123.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company’s stock worth $31,000 after buying an additional 1,628 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Mission Produce by 211.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $54,000 after acquiring an additional 3,158 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of Mission Produce by 33.7% in the third quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock valued at $56,000 after acquiring an additional 1,174 shares during the period. Institutional investors own 63.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stephens assumed coverage on Mission Produce in a research report on Friday, September 12th. They set an “overweight” rating and a $17.00 price target on the stock. Zacks Research lowered Mission Produce from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Roth Capital increased their price target on Mission Produce from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mission Produce in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mission Produce currently has an average rating of “Moderate Buy” and an average target price of $17.00.

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.