Luis A. Gonzalez Sells 18,278 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 18,278 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $14.49, for a total value of $264,848.22. Following the completion of the sale, the director now directly owns 256,722 shares of the company’s stock, valued at $3,719,901.78. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mission Produce Price Performance

Mission Produce stock opened at $14.18 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 42.97 and a beta of 0.54. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40. The business has a fifty day moving average price of $13.20 and a 200-day moving average price of $11.87.

Analyst Ratings Changes

AVO has been the subject of several recent research reports. Lake Street Capital reissued a “buy” rating and issued a $15.00 price objective on shares of Mission Produce in a report on Tuesday, September 10th. Roth Mkm lifted their target price on shares of Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AVO. Dimensional Fund Advisors LP increased its position in shares of Mission Produce by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock valued at $13,113,000 after buying an additional 266,489 shares during the period. Geode Capital Management LLC grew its stake 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 valued at $13,797,000 after acquiring an additional 22,090 shares in the last quarter. Marshall Wace LLP increased its holdings in Mission Produce by 202.1% during the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after acquiring an additional 143,858 shares during the period. Bank of New York Mellon Corp lifted its stake in Mission Produce by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock worth $1,597,000 after purchasing an additional 4,160 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings 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 purchasing an additional 100,055 shares during the period. Institutional investors 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.