Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 18,278 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 18,278 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $14.49, for a total value of $264,848.22. Following the transaction, the director now owns 256,722 shares in the company, valued at $3,719,901.78. This represents a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mission Produce Stock Performance

NASDAQ:AVO opened at $14.37 on Thursday. The firm has a market capitalization of $1.02 billion, a PE ratio of 43.55 and a beta of 0.54. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25. The firm has a 50-day moving average price of $13.15 and a 200 day moving average price of $11.86.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Mission Produce

A number of hedge funds have recently modified their holdings of AVO. Creative Planning grew its position in Mission Produce by 8.3% in the third quarter. Creative Planning now owns 11,226 shares of the company’s stock valued at $144,000 after acquiring an additional 858 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 worth $123,000 after purchasing an additional 2,332 shares during the last quarter. XTX Topco Ltd increased its position in shares of 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 purchasing an additional 3,025 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Mission Produce by 46.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company’s stock valued at $139,000 after purchasing an additional 3,455 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Mission Produce by 2.6% in the second 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 in the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

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.