Mission Produce, Inc. (NASDAQ:AVO) Director Sells $349,581.54 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 31,157 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $11.22, for a total transaction of $349,581.54. Following the sale, the director now directly owns 7,466,920 shares in the company, valued at approximately $83,778,842.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mission Produce Stock Down 1.1 %

NASDAQ:AVO opened at $11.34 on Friday. The company has a market cap of $803.40 million, a PE ratio of 141.75 and a beta of 0.49. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.99. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $11.34 and its two-hundred day moving average is $10.21.

Mission Produce (NASDAQ:AVO) last released its quarterly earnings data on Monday, March 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $188.40 million. Mission Produce had a net margin of 0.60% and a return on equity of 3.98%. Analysts anticipate that Mission Produce, Inc. will post 0.31 EPS for the current year.

Institutional Trading of Mission Produce

Several large investors have recently made changes to their positions in AVO. Signaturefd LLC boosted its holdings in shares of Mission Produce by 638.5% in the 3rd quarter. Signaturefd LLC now owns 2,917 shares of the company’s stock valued at $28,000 after acquiring an additional 2,522 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Mission Produce by 68.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock valued at $39,000 after purchasing an additional 1,576 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Mission Produce by 437.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,004 shares of the company’s stock valued at $50,000 after purchasing an additional 4,073 shares during the period. Quantbot Technologies LP acquired a new position in shares of Mission Produce in the 3rd quarter valued at $61,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Mission Produce in the 3rd quarter valued at $110,000. 63.57% of the stock is 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.