Jay A. Pack Sells 72,054 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 72,054 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $13.30, for a total value of $958,318.20. Following the completion of the transaction, the director now directly owns 384,823 shares of the company’s stock, valued at $5,118,145.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mission Produce Trading Up 1.2 %

Shares of NASDAQ:AVO opened at $13.52 on Friday. The business’s 50-day moving average is $10.96 and its 200 day moving average is $11.19. Mission Produce, Inc. has a 1 year low of $8.19 and a 1 year high of $13.62. The firm has a market capitalization of $958.70 million, a P/E ratio of 54.08 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.49.

Analyst Ratings Changes

AVO has been the topic of several recent analyst reports. Roth Mkm upped their target price on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital reaffirmed a “buy” rating and set a $15.00 target price on shares of Mission Produce in a research report on Tuesday, September 10th.

Institutional Trading of Mission Produce

Several large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in Mission Produce during the 2nd quarter valued at about $53,000. Cubist Systematic Strategies LLC purchased a new stake in Mission Produce during the 2nd quarter valued at about $108,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Mission Produce during the 2nd quarter valued at about $73,000. Point72 Asset Management L.P. purchased a new stake in Mission Produce during the 2nd quarter valued at about $53,000. Finally, Marshall Wace LLP grew its stake in Mission Produce by 202.1% during the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock valued at $2,125,000 after purchasing an additional 143,858 shares during the last quarter. Hedge funds and other 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.