Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 59,165 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 59,165 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $14.70, for a total transaction of $869,725.50. Following the completion of the sale, the director now directly owns 1,015,160 shares in the company, valued at approximately $14,922,852. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mission Produce Price Performance

Mission Produce stock traded up $0.06 during mid-day trading on Thursday, hitting $14.45. The stock had a trading volume of 622,463 shares, compared to its average volume of 237,777. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The firm’s 50 day moving average is $12.97 and its 200 day moving average is $11.74. The firm has a market capitalization of $1.02 billion, a P/E ratio of 43.79 and a beta of 0.54.

Hedge Funds Weigh In On Mission Produce

Several institutional investors have recently bought and sold shares of the business. Creative Planning boosted its holdings in shares of Mission Produce by 8.3% in the 3rd quarter. Creative Planning now owns 11,226 shares of the company’s stock valued at $144,000 after buying an additional 858 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mission Produce by 22.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock valued at $123,000 after purchasing an additional 2,332 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of Mission Produce by 18.7% in the 2nd quarter. XTX Topco Ltd now owns 19,179 shares of the company’s stock valued at $189,000 after purchasing an additional 3,025 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Mission Produce by 46.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company’s stock valued at $139,000 after buying an additional 3,455 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mission Produce by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock valued at $1,597,000 after buying an additional 4,160 shares during the period. Institutional investors own 63.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Lake Street Capital reissued a “buy” rating and issued a $15.00 price target on shares of Mission Produce in a research report on Tuesday, September 10th. Roth Mkm increased their target price on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

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.