Mission Produce, Inc. (NASDAQ:AVO) CEO Sells $102,034.32 in Stock

Mission Produce, Inc. (NASDAQ:AVO) CEO Stephen J. Barnard sold 7,032 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $14.51, for a total value of $102,034.32. Following the completion of the sale, the chief executive officer now owns 1,787,450 shares in the company, valued at approximately $25,935,899.50. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mission Produce Stock Performance

Shares of NASDAQ AVO opened at $14.37 on Thursday. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The firm has a market cap of $1.02 billion, a P/E ratio of 43.55 and a beta of 0.54. The stock has a fifty day moving average price of $13.15 and a two-hundred day moving average price of $11.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02.

Analyst Ratings Changes

A number of brokerages have recently commented on AVO. Lake Street Capital reissued a “buy” rating and set a $15.00 price target on shares of Mission Produce in a report on Tuesday, September 10th. 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.

Institutional Trading of Mission Produce

Several institutional investors have recently modified their holdings of AVO. Point72 Asset Management L.P. acquired a new position in Mission Produce during the second quarter worth about $53,000. Point72 DIFC Ltd bought a new position in shares of Mission Produce during the 2nd quarter valued at about $53,000. nVerses Capital LLC acquired a new position in shares of Mission Produce in the 2nd quarter worth approximately $67,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Mission Produce in the 2nd quarter worth approximately $73,000. Finally, Quantbot Technologies LP acquired a new stake in Mission Produce during the third quarter valued at approximately $76,000. Institutional investors and hedge funds 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.