First Trust Direct Indexing L.P. Grows Stock Holdings in Mission Produce, Inc. (NASDAQ:AVO)

First Trust Direct Indexing L.P. grew its position in Mission Produce, Inc. (NASDAQ:AVO) by 27.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,680 shares of the company’s stock after buying an additional 2,981 shares during the period. First Trust Direct Indexing L.P.’s holdings in Mission Produce were worth $138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates grew its stake in Mission Produce by 12.2% during the 4th quarter. Raymond James & Associates now owns 271,107 shares of the company’s stock worth $2,735,000 after buying an additional 29,561 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Mission Produce by 28.1% in the 4th quarter. SG Americas Securities LLC now owns 25,325 shares of the company’s stock valued at $256,000 after purchasing an additional 5,552 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mission Produce by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,762,963 shares of the company’s stock valued at $26,745,000 after purchasing an additional 24,025 shares during the last quarter. Federated Hermes Inc. boosted its stake in Mission Produce by 1.2% in the 3rd quarter. Federated Hermes Inc. now owns 168,553 shares of the company’s stock worth $1,632,000 after purchasing an additional 2,008 shares in the last quarter. Finally, Mariner LLC grew its position in Mission Produce by 0.9% during the 3rd quarter. Mariner LLC now owns 126,466 shares of the company’s stock worth $1,224,000 after purchasing an additional 1,153 shares during the last quarter. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insider Activity at Mission Produce

In related news, Director Luis A. Gonzalez sold 231,250 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $11.83, for a total value of $2,735,687.50. Following the transaction, the director now directly owns 7,916,983 shares of the company’s stock, valued at approximately $93,657,908.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Luis A. Gonzalez sold 231,250 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $11.83, for a total value of $2,735,687.50. Following the transaction, the director now directly owns 7,916,983 shares of the company’s stock, valued at $93,657,908.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Luis A. Gonzalez sold 6,869 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $12.01, for a total value of $82,496.69. Following the completion of the sale, the director now owns 7,767,038 shares of the company’s stock, valued at $93,282,126.38. The disclosure for this sale can be found here. Insiders sold a total of 483,512 shares of company stock worth $5,654,167 in the last 90 days. Corporate insiders own 41.60% of the company’s stock.

Mission Produce Trading Up 0.2 %

NASDAQ:AVO opened at $11.93 on Thursday. The company has a market capitalization of $845.24 million, a P/E ratio of 149.13 and a beta of 0.50. 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 12 month low of $8.19 and a 12 month high of $13.99. The firm has a fifty day simple moving average of $11.51 and a 200-day simple moving average of $10.34.

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

Mission Produce 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.