Luis A. Gonzalez Sells 18,278 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 18,278 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.49, for a total transaction of $264,848.22. Following the transaction, the director now directly owns 256,722 shares of the company’s stock, valued at approximately $3,719,901.78. This trade represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Mission Produce Price Performance

AVO stock traded down $0.07 during trading on Tuesday, hitting $14.37. The company had a trading volume of 309,859 shares, compared to its average volume of 240,221. Mission Produce, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $15.25. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 43.55 and a beta of 0.54. The business has a 50 day moving average of $13.15 and a 200 day moving average of $11.86. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

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.