Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 31,157 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 31,157 shares of Mission Produce stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $11.22, for a total transaction of $349,581.54. Following the completion of the sale, the director now directly owns 7,466,920 shares in the company, valued at approximately $83,778,842.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mission Produce Price Performance

Mission Produce stock opened at $11.23 on Thursday. The company’s fifty day moving average price is $11.31 and its 200 day moving average price is $10.19. Mission Produce, Inc. has a 1 year low of $8.19 and a 1 year high of $13.99. The stock has a market capitalization of $795.65 million, a P/E ratio of 140.38 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.47 and a current ratio of 2.27.

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

Institutional Investors Weigh In On Mission Produce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nuance Investments LLC boosted its stake in Mission Produce by 7.6% during the 4th 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. Vanguard Group Inc. boosted its stake in Mission Produce by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,762,963 shares of the company’s stock worth $26,745,000 after purchasing an additional 24,025 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mission Produce by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock worth $6,640,000 after purchasing an additional 59,983 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Mission Produce by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 399,344 shares of the company’s stock worth $3,866,000 after purchasing an additional 26,312 shares during the last quarter. Finally, Buckingham Strategic Partners LLC acquired a new stake in Mission Produce during the 4th quarter worth $3,952,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.