Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 30,438 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 30,438 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $11.49, for a total value of $349,732.62. Following the sale, the director now owns 7,736,482 shares of the company’s stock, valued at approximately $88,892,178.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mission Produce Price Performance

Shares of NASDAQ AVO 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. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.99. The stock has a 50 day moving average of $11.26 and a two-hundred day moving average of $10.15. The stock has a market cap of $817.61 million, a P/E ratio of 144.25, a P/E/G ratio of 1.38 and a beta of 0.49.

Mission Produce (NASDAQ:AVO) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.08 earnings per share for the quarter, beating 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 company had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $188.40 million. On average, research analysts forecast that Mission Produce, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Mission Produce

Several large investors have recently modified their holdings of the stock. Nuance Investments LLC raised its stake in shares of Mission Produce by 7.6% during the fourth quarter. Nuance Investments LLC now owns 4,621,456 shares of the company’s stock worth $46,630,000 after purchasing an additional 327,889 shares during the last quarter. BlackRock Inc. raised its stake in shares of Mission Produce by 19.3% during the second quarter. BlackRock Inc. now owns 3,294,820 shares of the company’s stock worth $39,933,000 after purchasing an additional 533,364 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Mission Produce by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 2,801,428 shares of the company’s stock worth $28,266,000 after purchasing an additional 38,465 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mission Produce by 13.7% during the second quarter. Geode Capital Management LLC now owns 942,083 shares of the company’s stock worth $11,418,000 after purchasing an additional 113,304 shares during the last quarter. Finally, State Street Corp grew its holdings in Mission Produce by 6.3% during the second quarter. State Street Corp now owns 891,064 shares of the company’s stock worth $10,800,000 after acquiring an additional 52,909 shares during the period. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.