Roth Mkm Boosts Mission Produce (NASDAQ:AVO) Price Target to $16.00

Mission Produce (NASDAQ:AVO) had its target price upped by Roth Mkm from $14.00 to $16.00 in a report issued on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, Lake Street Capital reiterated a buy rating and set a $15.00 price target on shares of Mission Produce in a report on Tuesday.

Mission Produce Trading Down 0.5 %

Shares of AVO opened at $13.18 on Wednesday. Mission Produce has a 52-week low of $8.19 and a 52-week high of $13.45. The company has a quick ratio of 1.49, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average is $10.75 and its two-hundred day moving average is $11.13. The stock has a market cap of $934.59 million, a PE ratio of 52.72 and a beta of 0.47.

Insider Transactions at Mission Produce

In other news, Director Luis A. Gonzalez sold 51,615 shares of Mission Produce stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $13.28, for a total transaction of $685,447.20. Following the transaction, the director now owns 7,219,614 shares in the company, valued at approximately $95,876,473.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Luis A. Gonzalez sold 49,331 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.03, for a total value of $642,782.93. Following the sale, the director now directly owns 7,398,902 shares in the company, valued at approximately $96,407,693.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Luis A. Gonzalez sold 51,615 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $13.28, for a total transaction of $685,447.20. Following the completion of the sale, the director now owns 7,219,614 shares in the company, valued at $95,876,473.92. The disclosure for this sale can be found here. Insiders own 41.60% of the company’s stock.

Institutional Trading of Mission Produce

Several institutional investors and hedge funds have recently bought and sold shares of AVO. Point72 Asset Management L.P. purchased a new stake in Mission Produce during the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Mission Produce during the second quarter worth about $73,000. Cubist Systematic Strategies LLC purchased a new stake in Mission Produce during the second quarter worth about $108,000. Point72 DIFC Ltd purchased a new stake in Mission Produce during the second quarter worth about $53,000. Finally, Marshall Wace LLP increased its stake in Mission Produce by 202.1% during the second quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after purchasing an additional 143,858 shares during the period. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

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.