Mission Produce (NASDAQ:AVO) Trading Up 11.9% – Should You Buy?

Mission Produce, Inc. (NASDAQ:AVO)’s share price was up 11.9% on Tuesday . The company traded as high as $11.25 and last traded at $11.3090. Approximately 620,535 shares changed hands during trading, a decline of 35% from the average daily volume of 953,355 shares. The stock had previously closed at $10.11.

Trending Headlines about Mission Produce

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

• Positive Sentiment: Mission Produce’s board authorized a new $100 million share repurchase program, which management typically frames as a sign the stock may be undervalued. Mission Produce Announces Fiscal 2026 Second Quarter Financial Results
• Positive Sentiment: The company said its recent Calavo Growers acquisition is expected to help second-half performance, with management forecasting $84 million to $88 million in adjusted EBITDA and targeting $25 million in synergies over the next 18 months. Mission Produce forecasts $84M-$88M second half adjusted EBITDA following Calavo close, with $25M synergies targeted within 18 months
• Neutral Sentiment: Analysts and market commentary highlighted that the quarter was a mix of strengths and weaknesses, with revenue beating forecasts but earnings falling short, helping explain the post-earnings volatility. Mission Produce Posts Downbeat Q2 Earnings, Joins Ideaya Biosciences, Perrigo And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session
• Negative Sentiment: Mission Produce missed earnings estimates, posting $0.01 EPS versus $0.05 expected, which is the main reason investors are selling the shares. Mission Produce Shares Slide After Quarterly Results Miss Forecasts (AVO)
• Negative Sentiment: Although revenue topped expectations, the sharp year-over-year sales decline suggests softer underlying conditions in the business, reinforcing the cautious reaction to the results. Mission Produce, Inc. (AVO) Misses Q2 Earnings Estimates

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AVO shares. Freedom Capital raised Mission Produce to a “strong-buy” rating in a research report on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mission Produce in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Mission Produce Stock Up 9.1%

The business has a 50-day moving average price of $13.02 and a two-hundred day moving average price of $12.92. The company has a quick ratio of 1.19, a current ratio of 1.86 and a debt-to-equity ratio of 0.19. The firm has a market cap of $781.62 million, a PE ratio of 24.12 and a beta of 0.51.

Mission Produce (NASDAQ:AVO) last posted its quarterly earnings data on Monday, June 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $290.90 million for the quarter, compared to analysts’ expectations of $256.30 million. Mission Produce had a return on equity of 8.24% and a net margin of 2.48%.The firm’s revenue was down 23.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. On average, equities research analysts expect that Mission Produce, Inc. will post 0.6 EPS for the current year.

Mission Produce declared that its board has approved a stock repurchase plan on Monday, June 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Mission Produce news, major shareholder Holdings Venture Globalharvest bought 3,695 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average price of $11.94 per share, with a total value of $44,118.30. Following the completion of the acquisition, the insider directly owned 9,991,577 shares of the company’s stock, valued at $119,299,429.38. This represents a 0.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 30.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mission Produce

Several large investors have recently bought and sold shares of AVO. Quarry LP acquired a new position in Mission Produce in the third quarter valued at $29,000. Leonteq Securities AG acquired a new position in Mission Produce in the fourth quarter valued at $31,000. GAMMA Investing LLC boosted its stake in Mission Produce by 87.1% in the fourth quarter. GAMMA Investing LLC now owns 4,589 shares of the company’s stock valued at $53,000 after acquiring an additional 2,136 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Mission Produce by 211.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $54,000 after acquiring an additional 3,158 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Mission Produce by 33.7% in the third quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock valued at $56,000 after acquiring an additional 1,174 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.