Mission Produce, Inc. (NASDAQ:AVO) CEO Sells $1,508,896.91 in Stock

Mission Produce, Inc. (NASDAQ:AVO) CEO Stephen J. Barnard sold 103,847 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $14.53, for a total value of $1,508,896.91. Following the sale, the chief executive officer now owns 1,790,966 shares in the company, valued at $26,022,735.98. The trade was a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mission Produce Stock Performance

Shares of NASDAQ AVO opened at $14.37 on Thursday. The stock has a fifty day moving average price of $13.15 and a two-hundred day moving average price of $11.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02. The firm has a market cap of $1.02 billion, a P/E ratio of 43.55 and a beta of 0.54. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25.

Hedge Funds Weigh In On Mission Produce

A number of institutional investors and hedge funds 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 last quarter. 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 last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Mission Produce during the 3rd quarter valued at $1,295,000. 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Mission Produce by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock valued at $13,113,000 after acquiring an additional 266,489 shares during the last quarter. 63.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AVO. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Mission Produce in a research report on Tuesday, September 10th. Roth Mkm increased their price target on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th.

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.