Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Purchases 324,295 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest purchased 324,295 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was bought at an average cost of $12.37 per share, for a total transaction of $4,011,529.15. Following the completion of the purchase, the insider directly owned 9,161,581 shares of the company’s stock, valued at $113,328,756.97. The trade was a 3.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% 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 Tuesday, January 20th, Holdings Venture Globalharvest bought 300,000 shares of Mission Produce stock. The stock was purchased at an average cost of $12.50 per share, for a total transaction of $3,750,000.00.
• On Thursday, January 15th, Holdings Venture Globalharvest purchased 985,704 shares of Mission Produce stock. The shares were purchased at an average price of $11.76 per share, with a total value of $11,591,879.04.
• On Thursday, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The stock was purchased at an average cost of $11.96 per share, with a total value of $163,648.68.
• On Wednesday, January 7th, Holdings Venture Globalharvest acquired 7,472 shares of Mission Produce stock. The shares were acquired at an average cost of $11.61 per share, for a total transaction of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest purchased 59,761 shares of Mission Produce stock. The shares were acquired at an average price of $11.60 per share, for a total transaction of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest purchased 13,679 shares of Mission Produce stock. The stock was bought at an average cost of $11.64 per share, with a total value of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest bought 15,365 shares of Mission Produce stock. The stock was bought at an average price of $11.60 per share, with a total value of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest acquired 112,505 shares of Mission Produce stock. The stock was purchased 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 purchased 5,262 shares of Mission Produce stock. The shares were purchased at an average price of $12.46 per share, with a total value of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest bought 3,545 shares of Mission Produce stock. The shares were acquired at an average price of $12.03 per share, with a total value of $42,646.35.

Mission Produce Trading Up 4.5%

Shares of Mission Produce stock opened at $13.12 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The company has a market cap of $925.88 million, a price-to-earnings ratio of 25.23 and a beta of 0.56. The company’s fifty day simple moving average is $12.12 and its 200-day simple moving average is $12.17. Mission Produce, Inc. has a 1 year low of $9.56 and a 1 year high of $14.12.

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

Institutional Investors Weigh In On Mission Produce

A number of hedge funds and other institutional investors have recently modified their holdings of AVO. American Century Companies Inc. boosted its stake in Mission Produce by 28.6% in the second quarter. American Century Companies Inc. now owns 861,139 shares of the company’s stock valued at $10,093,000 after buying an additional 191,405 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mission Produce by 11.7% during the second quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company’s stock worth $13,869,000 after acquiring an additional 123,678 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Mission Produce by 11.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 149,687 shares of the company’s stock worth $1,754,000 after purchasing an additional 15,655 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in Mission Produce by 57.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,400 shares of the company’s stock valued at $145,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Mission Produce by 47.8% in the 2nd quarter. Prudential Financial Inc. now owns 213,915 shares of the company’s stock valued at $2,507,000 after buying an additional 69,205 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVO. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, October 8th. Lake Street Capital restated a “buy” rating on shares of Mission Produce in a research report on Thursday, January 15th. Finally, Zacks Research lowered Mission Produce from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

More Mission Produce News

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

• Positive Sentiment: Major shareholder Holdings Venture Globalharvest has been aggressively buying AVO stock across multiple recent trades (notably ~985,704 shares on Jan 15 and additional purchases on Jan 16 and Jan 20), increasing its stake materially — a strong signal of insider confidence that likely supports the stock’s rise. Insider Form 4 (Jan 15)
• Positive Sentiment: Analyst and industry recognition: a recent earnings/sector review named Mission Produce the top performer among perishable-food peers, and Lake Street recently reiterated a Buy — both items can support positive sentiment and demand for the shares. Q3 Perishable Food Earnings Review
• Positive Sentiment: Institutional accumulation: several funds (Invesco, Arrowstreet, American Century, Dimensional, Geode) have recently increased positions in AVO, which provides steady buying support and can reduce float available to sellers. MarketBeat – AVO institutional holdings
• Neutral Sentiment: Consensus price-target commentary: Zacks highlights a consensus target implying ~38% upside from current levels — this can attract momentum buyers but is speculative and depends on future estimate revisions. Zacks price-target piece
• Neutral Sentiment: Investor-rights law firm outreach: Halper Sadeh LLC has solicited AVO shareholders to contact the firm — currently appears to be a broad solicitation tied to other matters and has not produced a public action against Mission Produce, but watch for any filings or developments. Halper Sadeh PR
• Negative Sentiment: Recent quarterly results were mixed: Mission missed EPS by $0.01 (reported $0.22 vs. $0.23 est.), revenue fell ~10% yr/yr despite beating estimates — profitability remains thin (low net margin), which leaves the stock sensitive to near‑term operating news. MarketBeat – Mission Produce earnings summary

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.