Federated Hermes Inc. Has $449,000 Position in Mission Produce, Inc. (NASDAQ:AVO)

Federated Hermes Inc. reduced its position in shares of Mission Produce, Inc. (NASDAQ:AVO) by 73.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,529 shares of the company’s stock after selling 124,024 shares during the period. Federated Hermes Inc. owned approximately 0.06% of Mission Produce worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Mission Produce during the 3rd quarter worth $191,000. 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 valued at $184,000 after purchasing an additional 1,060 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Mission Produce by 7.1% during the third 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 period. Mirae Asset Global Investments Co. Ltd. grew its stake in Mission Produce by 17.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,777 shares of the company’s stock worth $191,000 after buying an additional 3,000 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new position in Mission Produce in the 3rd quarter valued at about $110,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mission Produce

In related news, Director Luis A. Gonzalez sold 31,157 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $11.22, for a total value of $349,581.54. Following the sale, the director now directly owns 7,466,920 shares of the company’s stock, valued at $83,778,842.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Luis A. Gonzalez sold 31,157 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $11.22, for a total value of $349,581.54. Following the completion of the transaction, the director now owns 7,466,920 shares of the company’s stock, valued at approximately $83,778,842.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Luis A. Gonzalez sold 34,617 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $11.37, for a total transaction of $393,595.29. Following the sale, the director now directly owns 7,533,506 shares in the company, valued at approximately $85,655,963.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 483,512 shares of company stock valued at $5,654,167. Corporate insiders own 41.60% of the company’s stock.

Mission Produce Price Performance

Shares of NASDAQ:AVO opened at $11.80 on Friday. The firm has a 50 day moving average of $11.43 and a 200-day moving average of $10.27. Mission Produce, Inc. has a 12 month low of $8.19 and a 12 month high of $13.99. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $836.03 million, a PE ratio of 147.00 and a beta of 0.50.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings data on Monday, March 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. The business had revenue of $258.70 million during the quarter, compared to the consensus estimate 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 predict that Mission Produce, Inc. will post 0.31 EPS for the current fiscal year.

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.