State Street Corp Trims Holdings in Mission Produce, Inc. (NASDAQ:AVO)

State Street Corp lessened its position in Mission Produce, Inc. (NASDAQ:AVO) by 1.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 988,429 shares of the company’s stock after selling 9,594 shares during the period. State Street Corp’s holdings in Mission Produce were worth $12,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Mission Produce in the 2nd quarter valued at $53,000. Point72 DIFC Ltd purchased a new position in shares of Mission Produce in the 2nd quarter worth about $53,000. Quantbot Technologies LP purchased a new stake in shares of Mission Produce during the 3rd quarter worth about $76,000. nVerses Capital LLC purchased a new position in Mission Produce in the second quarter valued at approximately $67,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Mission Produce during the second quarter valued at approximately $73,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

Mission Produce Price Performance

Shares of AVO stock opened at $14.39 on Thursday. The firm has a fifty day simple moving average of $12.97 and a 200-day simple moving average of $11.74. The company has a market capitalization of $1.02 billion, a PE ratio of 43.61 and a beta of 0.54. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

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

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.