Luis A. Gonzalez Sells 34,617 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 34,617 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $11.37, for a total value of $393,595.29. Following the transaction, the director now directly owns 7,533,506 shares of the company’s stock, valued at approximately $85,655,963.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Mission Produce Price Performance

Mission Produce stock opened at $11.34 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.47 and a current ratio of 2.27. Mission Produce, Inc. has a 52 week low of $8.19 and a 52 week high of $13.99. The stock has a market capitalization of $803.40 million, a P/E ratio of 141.75 and a beta of 0.49. The stock has a fifty day moving average of $11.34 and a 200-day moving average of $10.21.

Mission Produce (NASDAQ:AVO) last issued its earnings results on Monday, March 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. The business had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $188.40 million. On average, sell-side analysts expect that Mission Produce, Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mission Produce

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in Mission Produce by 5.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,979 shares of the company’s stock worth $184,000 after purchasing an additional 1,060 shares in the last quarter. Mariner LLC boosted its holdings in Mission Produce by 0.9% in the third quarter. Mariner LLC now owns 126,466 shares of the company’s stock worth $1,224,000 after acquiring an additional 1,153 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Mission Produce by 68.5% in the fourth quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after acquiring an additional 1,576 shares in the last quarter. Swiss National Bank boosted its holdings in Mission Produce by 2.0% in the third quarter. Swiss National Bank now owns 93,300 shares of the company’s stock worth $903,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Mission Produce by 1.2% in the third quarter. Federated Hermes Inc. now owns 168,553 shares of the company’s stock worth $1,632,000 after acquiring an additional 2,008 shares in the last quarter. Institutional investors and hedge funds own 63.57% 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.