Holdings Venture Globalharvest Acquires 3,545 Shares of Mission Produce (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest acquired 3,545 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $12.03 per share, for a total transaction of $42,646.35. Following the transaction, the insider directly owned 7,240,737 shares of the company’s stock, valued at approximately $87,106,066.11. This trade represents a 0.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, November 6th, Holdings Venture Globalharvest acquired 72,165 shares of Mission Produce stock. The shares were purchased at an average cost 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 acquired at an average price of $11.70 per share, for a total transaction of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest purchased 49,055 shares of Mission Produce stock. The shares were acquired at an average cost of $11.69 per share, with a total value of $573,452.95.

Mission Produce Trading Up 0.6%

NASDAQ AVO opened at $12.66 on Wednesday. The stock has a market cap of $894.05 million, a P/E ratio of 23.44 and a beta of 0.55. Mission Produce, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $15.25. The stock has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $11.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 2.04.

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

Wall Street Analyst Weigh In

AVO has been the subject of several research reports. Roth Capital upped their price objective on shares of Mission Produce from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Zacks Research upgraded shares of Mission Produce from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Mission Produce in a report on Wednesday, October 8th. Finally, Stephens assumed coverage on Mission Produce in a research report on Friday, September 12th. They set an “overweight” rating and a $17.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mission Produce currently has an average rating of “Buy” and a consensus price target of $17.00.

Institutional Trading of Mission Produce

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Mission Produce by 673.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock valued at $29,000 after acquiring an additional 2,136 shares during the period. PNC Financial Services Group Inc. increased its stake 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 valued at $31,000 after purchasing an additional 1,628 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Mission Produce during the third quarter valued at approximately $33,000. Tower Research Capital LLC TRC lifted its holdings in shares of Mission Produce by 211.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $54,000 after purchasing an additional 3,158 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Mission Produce by 33.7% in the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock worth $56,000 after purchasing an additional 1,174 shares in the last quarter. 63.57% of the stock is owned by hedge funds and other 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.