Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Buys 237,270 Shares

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 237,270 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was purchased at an average cost of $12.92 per share, with a total value of $3,065,528.40. Following the completion of the transaction, the insider directly owned 9,698,858 shares of the company’s stock, valued at approximately $125,309,245.36. The trade was a 2.51% increase in their ownership of the stock. The transaction 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 stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, January 22nd, Holdings Venture Globalharvest purchased 71,750 shares of Mission Produce stock. The stock was purchased at an average cost of $13.80 per share, with a total value of $990,150.00.
• On Tuesday, January 20th, Holdings Venture Globalharvest purchased 300,000 shares of Mission Produce stock. The shares were acquired at an average price of $12.50 per share, with a total value of $3,750,000.00.
• On Friday, January 16th, Holdings Venture Globalharvest acquired 324,295 shares of Mission Produce stock. The stock was bought at an average price of $12.37 per share, for a total transaction of $4,011,529.15.
• On Thursday, January 15th, Holdings Venture Globalharvest bought 985,704 shares of Mission Produce stock. The stock was purchased at an average cost of $11.76 per share, for a total transaction of $11,591,879.04.
• On Thursday, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The shares were acquired at an average price of $11.96 per share, for a total transaction of $163,648.68.
• On Wednesday, January 7th, Holdings Venture Globalharvest bought 7,472 shares of Mission Produce stock. The stock was 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 purchased 13,679 shares of Mission Produce stock. The shares were purchased 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 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 purchased 112,505 shares of Mission Produce stock. The shares were acquired at an average price of $11.61 per share, for a total transaction of $1,306,183.05.

Mission Produce Stock Up 1.4%

AVO traded up $0.19 on Monday, hitting $13.65. The company had a trading volume of 130,439 shares, compared to its average volume of 1,072,369. Mission Produce, Inc. has a 52-week low of $9.56 and a 52-week high of $14.23. The stock has a fifty day simple moving average of $12.16 and a 200-day simple moving average of $12.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.35. The firm has a market capitalization of $963.07 million, a P/E ratio of 26.24 and a beta of 0.56.

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

Institutional Trading of Mission Produce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVO. Wedge Capital Management L L P NC lifted its position in shares of Mission Produce by 1.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 100,025 shares of the company’s stock worth $1,160,000 after buying an additional 958 shares during the period. SG Americas Securities LLC grew its stake in shares of Mission Produce by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 26,549 shares of the company’s stock valued at $308,000 after purchasing an additional 3,323 shares during the last quarter. Diversified Trust Co. increased its stake in shares of Mission Produce by 14.2% in the 4th quarter. Diversified Trust Co. now owns 17,299 shares of the company’s stock valued at $201,000 after buying an additional 2,150 shares during the period. GAMMA Investing LLC lifted its position in Mission Produce by 87.1% during the 4th quarter. GAMMA Investing LLC now owns 4,589 shares of the company’s stock valued at $53,000 after purchasing an additional 2,136 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Mission Produce during the 3rd quarter worth $629,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AVO. Lake Street Capital reaffirmed a “buy” rating on shares of Mission Produce in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mission Produce in a research note on Wednesday. Finally, Zacks Research downgraded shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently 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.