Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Insider Sells 21,892 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) insider Juan R. Wiesner sold 21,892 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $10.05, for a total value of $220,014.60. Following the completion of the sale, the insider now owns 21,412 shares of the company’s stock, valued at $215,190.60. This trade represents a 50.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mission Produce Stock Performance

AVO traded up $0.11 during trading on Wednesday, hitting $10.13. The stock had a trading volume of 386,740 shares, compared to its average volume of 268,820. The company has a 50 day moving average price of $11.83 and a 200-day moving average price of $12.50. The firm has a market cap of $719.96 million, a price-to-earnings ratio of 19.86 and a beta of 0.47. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26.

Institutional Trading of Mission Produce

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Mission Produce by 308.8% during the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock valued at $860,000 after acquiring an additional 50,680 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Mission Produce by 8.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock valued at $850,000 after acquiring an additional 4,894 shares during the period. Jane Street Group LLC lifted its position in shares of Mission Produce by 171.9% during the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after acquiring an additional 100,055 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Mission Produce during the 3rd quarter valued at $1,295,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Mission Produce by 48.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock valued at $665,000 after acquiring an additional 16,968 shares during the period. 63.57% of the stock is currently owned by institutional investors.

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.