Mission Produce, Inc. (NASDAQ:AVO) fell 2.9% on Friday . The company traded as low as $21.10 and last traded at $21.24. 229 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 198,765 shares. The stock had previously closed at $21.88.
A number of equities analysts recently weighed in on AVO shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $22.00 price target on shares of Mission Produce in a report on Wednesday, March 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and set a $22.00 price target (up from $16.00) on shares of Mission Produce in a research report on Monday, March 29th. Zacks Investment Research cut shares of Mission Produce from a “buy” rating to a “hold” rating in a research note on Tuesday, March 23rd. Finally, Roth Capital lifted their price target on Mission Produce from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, March 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.57.
The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.18 and a current ratio of 2.74. The firm’s fifty day simple moving average is $20.08. The firm has a market cap of $1.55 billion and a PE ratio of 28.05.
In related news, Director Luis A. Gonzalez sold 24,947 shares of the business’s stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $22.07, for a total value of $550,580.29. Following the completion of the transaction, the director now directly owns 13,361 shares in the company, valued at approximately $294,877.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Luis A. Gonzalez sold 350,000 shares of the company’s stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $19.01, for a total value of $6,653,500.00. Following the transaction, the director now directly owns 8,333 shares in the company, valued at $158,410.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 724,947 shares of company stock worth $14,029,080. Insiders own 47.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Mission Produce during the 4th quarter worth $6,307,000. Primecap Management Co. CA purchased a new position in shares of Mission Produce during the fourth quarter valued at about $919,000. New York State Common Retirement Fund bought a new position in shares of Mission Produce during the 4th quarter valued at approximately $53,000. Bank of New York Mellon Corp bought a new position in shares of Mission Produce in the 4th quarter valued at about $350,000. Finally, Wells Fargo & Company MN bought a new stake in Mission Produce in the fourth quarter worth $322,000. 10.70% of the stock is currently owned by institutional investors.
About Mission Produce (NASDAQ:AVO)
Mission Produce, Inc engages in sourcing, producing, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.
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