Mission Produce, Inc. (NASDAQ:AVO) Director Sells $12,467.00 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Taylor Family Investments, Llc sold 959 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $13.00, for a total transaction of $12,467.00. Following the transaction, the director now owns 9,127,174 shares in the company, valued at approximately $118,653,262. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mission Produce Stock Performance

Shares of NASDAQ:AVO opened at $13.36 on Thursday. The stock has a market capitalization of $947.36 million, a P/E ratio of 53.44 and a beta of 0.47. The company has a current ratio of 2.02, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a 1-year low of $8.19 and a 1-year high of $13.50. The business has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $11.19.

Institutional Investors Weigh In On Mission Produce

A number of institutional investors and hedge funds have recently modified their holdings of AVO. Quadrant Capital Group LLC boosted its holdings in Mission Produce by 68.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after buying an additional 1,576 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Mission Produce by 15.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock valued at $166,000 after acquiring an additional 1,870 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mission Produce by 22.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock valued at $123,000 after acquiring an additional 2,332 shares during the period. XTX Topco Ltd boosted its stake in Mission Produce by 18.7% during the 2nd quarter. XTX Topco Ltd now owns 19,179 shares of the company’s stock worth $189,000 after acquiring an additional 3,025 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Mission Produce by 245.2% during the first quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock valued at $52,000 after purchasing an additional 3,112 shares during the period. 63.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.