Mission Produce, Inc. (NASDAQ:AVO) Director Sells $349,581.54 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 31,157 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $11.22, for a total transaction of $349,581.54. Following the transaction, the director now directly owns 7,466,920 shares of the company’s stock, valued at $83,778,842.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mission Produce Price Performance

AVO stock opened at $11.34 on Friday. Mission Produce, Inc. has a 1 year low of $8.19 and a 1 year high of $13.99. The company has a market cap of $803.40 million, a P/E ratio of 141.75 and a beta of 0.49. The firm has a 50-day moving average of $11.34 and a 200 day moving average of $10.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.27 and a quick ratio of 1.47.

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, topping 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 company had revenue of $258.70 million during the quarter, compared to the consensus estimate of $188.40 million. On average, sell-side analysts forecast that Mission Produce, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Mission Produce

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in Mission Produce by 5.9% in the third quarter. Commonwealth Equity Services LLC now owns 18,979 shares of the company’s stock worth $184,000 after buying an additional 1,060 shares in the last quarter. Mariner LLC grew its holdings in Mission Produce by 0.9% in the third 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 period. Quadrant Capital Group LLC grew its holdings in Mission Produce by 68.5% in the fourth quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after purchasing an additional 1,576 shares during the period. Swiss National Bank grew its holdings in Mission Produce by 2.0% in the third quarter. Swiss National Bank now owns 93,300 shares of the company’s stock worth $903,000 after purchasing an additional 1,800 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Mission Produce by 1.2% in the third 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 during the period. 63.57% of the stock is owned by institutional investors.

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.