Corebridge Financial Inc. Has $310,000 Stake in Mission Produce, Inc. (NASDAQ:AVO)

Corebridge Financial Inc. cut its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,607 shares of the company’s stock after selling 1,631 shares during the quarter. Corebridge Financial Inc.’s holdings in Mission Produce were worth $310,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Mission Produce by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company’s stock worth $13,797,000 after purchasing an additional 22,090 shares during the period. American Century Companies Inc. lifted its stake in shares of Mission Produce by 328.2% during the 4th quarter. American Century Companies Inc. now owns 485,095 shares of the company’s stock worth $6,971,000 after buying an additional 371,813 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Mission Produce by 36.5% during the 4th quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company’s stock worth $2,362,000 after buying an additional 43,957 shares during the period. Jane Street Group LLC grew its stake in Mission Produce by 171.9% in the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after buying an additional 100,055 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Mission Produce by 56.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,897 shares of the company’s stock valued at $2,269,000 after acquiring an additional 56,885 shares during the period. Institutional investors own 63.57% of the company’s stock.

Mission Produce Trading Down 2.8 %

Shares of AVO stock opened at $9.74 on Friday. 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 $11.00 and a two-hundred day moving average price of $12.20. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $692.24 million, a PE ratio of 19.10 and a beta of 0.54.

Insider Buying and Selling

In related news, insider Juan R. Wiesner sold 75,153 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $10.08, for a total transaction of $757,542.24. Following the transaction, the insider now directly owns 1,000,000 shares of the company’s stock, valued at approximately $10,080,000. This trade represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 35.41% of the stock is currently owned by insiders.

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.