Bryan E. Giles Sells 15,000 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles sold 15,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $14.40, for a total transaction of $216,000.00. Following the transaction, the chief financial officer now owns 122,137 shares in the company, valued at approximately $1,758,772.80. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Mission Produce Price Performance

NASDAQ:AVO opened at $14.10 on Friday. The firm’s fifty day moving average is $13.29 and its two-hundred day moving average is $11.93. The firm has a market cap of $999.90 million, a price-to-earnings ratio of 42.73 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 quick ratio of 1.40 and a current ratio of 2.02.

Hedge Funds Weigh In On Mission Produce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Mission Produce by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock worth $665,000 after purchasing an additional 16,968 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Mission Produce in the third quarter valued at approximately $440,000. Barclays PLC boosted its stake in Mission Produce by 308.8% during the third quarter. Barclays PLC now owns 67,092 shares of the company’s stock worth $860,000 after buying an additional 50,680 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mission Produce by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company’s stock valued at $13,797,000 after buying an additional 22,090 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in shares of Mission Produce by 113.1% in the 3rd quarter. XTX Topco Ltd now owns 40,861 shares of the company’s stock worth $524,000 after acquiring an additional 21,682 shares during the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.