Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 106,466 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 106,466 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $11.53, for a total value of $1,227,552.98. Following the transaction, the director now owns 7,568,123 shares in the company, valued at approximately $87,260,458.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mission Produce Stock Up 0.5 %

Shares of Mission Produce stock opened at $11.54 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $11.26 and its 200-day simple moving average is $10.15. The stock has a market capitalization of $817.61 million, a price-to-earnings ratio of 144.25, a PEG ratio of 1.38 and a beta of 0.49. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.99.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. The business had revenue of $258.70 million for the quarter, compared to analysts’ expectations of $188.40 million. Equities research analysts forecast that Mission Produce, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stephens dropped their target price on Mission Produce from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, December 22nd.

Institutional Trading of Mission Produce

Several large investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC acquired a new stake in Mission Produce in the 1st quarter valued at approximately $119,000. Vanguard Group Inc. boosted its stake in Mission Produce by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,801,428 shares of the company’s stock valued at $28,266,000 after purchasing an additional 38,465 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Mission Produce by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,062 shares of the company’s stock valued at $122,000 after purchasing an additional 1,183 shares in the last quarter. Barclays PLC boosted its stake in Mission Produce by 357.4% during the 4th quarter. Barclays PLC now owns 75,096 shares of the company’s stock valued at $757,000 after purchasing an additional 58,677 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Mission Produce by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 166,398 shares of the company’s stock valued at $1,679,000 after purchasing an additional 956 shares in the last quarter. 63.57% of the stock is currently 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.