Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Acquires 59,761 Shares

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 59,761 shares of Mission Produce stock in a transaction on Monday, December 29th. The stock was acquired at an average cost of $11.60 per share, with a total value of $693,227.60. Following the acquisition, the insider owned 7,473,223 shares in the company, valued at approximately $86,689,386.80. This represents a 0.81% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Holdings Venture Globalharvest also recently made the following trade(s):

• On Friday, December 26th, Holdings Venture Globalharvest purchased 13,679 shares of Mission Produce stock. The shares were acquired at an average cost of $11.64 per share, for a total transaction of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest acquired 15,365 shares of Mission Produce stock. The shares were acquired at an average cost of $11.60 per share, for a total transaction of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest bought 112,505 shares of Mission Produce stock. The stock was acquired at an average cost of $11.61 per share, with a total value of $1,306,183.05.
• On Monday, November 10th, Holdings Venture Globalharvest purchased 5,262 shares of Mission Produce stock. The stock was bought at an average price of $12.46 per share, with a total value of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest acquired 3,545 shares of Mission Produce stock. The shares were bought at an average cost of $12.03 per share, with a total value of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest acquired 72,165 shares of Mission Produce stock. The shares were bought at an average price of $11.94 per share, for a total transaction of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest bought 784 shares of Mission Produce stock. The stock was bought at an average price of $11.70 per share, for a total transaction of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest bought 49,055 shares of Mission Produce stock. The stock was bought at an average cost of $11.69 per share, with a total value of $573,452.95.

Mission Produce Price Performance

Shares of AVO opened at $11.60 on Wednesday. The firm has a fifty day simple moving average of $12.04 and a two-hundred day simple moving average of $12.17. The firm has a market cap of $818.61 million, a PE ratio of 22.31 and a beta of 0.58. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. Mission Produce, Inc. has a 1-year low of $9.56 and a 1-year high of $14.50.

Mission Produce (NASDAQ:AVO) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $319.00 million during the quarter, compared to the consensus estimate of $301.60 million. Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The business’s revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities analysts anticipate that Mission Produce, Inc. will post 0.34 EPS for the current year.

Mission Produce News Summary

Here are the key news stories impacting Mission Produce this week:

• Positive Sentiment: Major shareholder Holdings Venture Globalharvest accumulated ~227,310 AVO shares across Dec. 23–29 (~112,505 on Dec. 23, plus smaller buys on Dec. 24, 26 and 29), spending roughly $2.34M in total and boosting its stake to ~7.47M shares (about $86.7M value). This repeated buying by a >10% owner is a bullish signal for investor confidence. Investing.com: Globalharvest buys Mission Produce shares SEC Form 4
• Neutral Sentiment: Analyst/industry commentary highlights Mission Produce’s push to scale its mango business and develop more consistent, year‑round supply through diversified sourcing and logistics — a potential mid‑to‑long‑term growth driver if execution succeeds, but it’s speculative and will take time to materially affect revenue. Zacks: Mango Momentum Builds

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in Mission Produce by 673.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock worth $29,000 after buying an additional 2,136 shares in the last quarter. Quarry LP bought a new position in shares of Mission Produce in the third quarter worth about $29,000. State of Alaska Department of Revenue bought a new position in shares of Mission Produce in the third quarter worth about $33,000. Tower Research Capital LLC TRC grew its position in shares of Mission Produce by 211.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $54,000 after purchasing an additional 3,158 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in Mission Produce by 33.7% during the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock valued at $56,000 after purchasing an additional 1,174 shares during the period. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AVO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Mission Produce in a report on Wednesday, October 8th. Roth Capital lifted their price target on shares of Mission Produce from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Stephens initiated coverage on Mission Produce in a report on Friday, September 12th. They set an “overweight” rating and a $17.00 price target for the company. Finally, Zacks Research cut Mission Produce from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Mission Produce Company Profile

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.