Holdings Venture Globalharvest Purchases 13,683 Shares of Mission Produce (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 13,683 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was purchased at an average price of $11.96 per share, with a total value of $163,648.68. Following the purchase, the insider directly owned 7,850,900 shares of the company’s stock, valued at $93,896,764. The trade was a 0.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 Wednesday, January 7th, Holdings Venture Globalharvest bought 7,472 shares of Mission Produce stock. The shares were acquired at an average price of $11.61 per share, for a total transaction of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest acquired 59,761 shares of Mission Produce stock. The stock was bought at an average price of $11.60 per share, with a total value of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest bought 13,679 shares of Mission Produce stock. The shares were bought at an average price of $11.64 per share, for a total transaction of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest purchased 15,365 shares of Mission Produce stock. The shares were bought at an average cost of $11.60 per share, for a total transaction of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest acquired 112,505 shares of Mission Produce stock. The stock was bought at an average price of $11.61 per share, with a total value of $1,306,183.05.
• On Monday, November 10th, Holdings Venture Globalharvest acquired 5,262 shares of Mission Produce stock. The shares were purchased at an average cost of $12.46 per share, for a total transaction of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest bought 3,545 shares of Mission Produce stock. The stock was purchased at an average cost of $12.03 per share, with a total value of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest purchased 72,165 shares of Mission Produce stock. The shares were purchased at an average cost of $11.94 per share, for a total transaction of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest purchased 784 shares of Mission Produce stock. The stock was purchased at an average price of $11.70 per share, for a total transaction of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest acquired 49,055 shares of Mission Produce stock. The shares were purchased at an average cost of $11.69 per share, with a total value of $573,452.95.

Mission Produce Trading Up 1.1%

Shares of NASDAQ AVO traded up $0.13 during mid-day trading on Friday, hitting $12.21. The company’s stock had a trading volume of 368,490 shares, compared to its average volume of 416,936. The stock has a market cap of $861.66 million, a price-to-earnings ratio of 23.48 and a beta of 0.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.35. Mission Produce, Inc. has a one year low of $9.56 and a one year high of $14.12. The company’s fifty day simple moving average is $12.05 and its 200-day simple moving average is $12.14.

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

Institutional Trading of Mission Produce

Institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its position in Mission Produce by 287.6% during the 2nd quarter. Invesco Ltd. now owns 360,863 shares of the company’s stock worth $4,229,000 after acquiring an additional 267,752 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Mission Produce by 174.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 366,957 shares of the company’s stock worth $4,411,000 after purchasing an additional 233,447 shares in the last quarter. American Century Companies Inc. boosted its holdings in Mission Produce by 28.6% during the second quarter. American Century Companies Inc. now owns 861,139 shares of the company’s stock worth $10,093,000 after purchasing an additional 191,405 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mission Produce by 6.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,570,868 shares of the company’s stock valued at $30,901,000 after purchasing an additional 159,726 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Mission Produce by 11.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company’s stock worth $13,869,000 after buying an additional 123,678 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVO has been the subject of a number of recent analyst reports. Stephens started coverage on Mission Produce in a research note on Friday, September 12th. They issued an “overweight” rating and a $17.00 price target for the company. Zacks Research downgraded shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.