Mission Produce (NASDAQ:AVO) Sets New 52-Week High at $13.00

Mission Produce, Inc. (NASDAQ:AVO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $13.00 and last traded at $12.59, with a volume of 686693 shares trading hands. The stock had previously closed at $10.69.

Wall Street Analyst Weigh In

AVO has been the topic of a number of research analyst reports. Roth Mkm raised their target price on shares of Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday. Lake Street Capital restated a “buy” rating and issued a $15.00 target price on shares of Mission Produce in a research report on Tuesday.

Mission Produce Stock Up 1.8 %

The firm has a market capitalization of $938.14 million, a price-to-earnings ratio of 52.92 and a beta of 0.47. The stock has a fifty day moving average of $10.62 and a two-hundred day moving average of $11.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.27 and a quick ratio of 1.49.

Insider Buying and Selling at Mission Produce

In related news, Director Luis A. Gonzalez sold 49,331 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $13.03, for a total transaction of $642,782.93. Following the transaction, the director now directly owns 7,398,902 shares of the company’s stock, valued at $96,407,693.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 41.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Buckingham Strategic Partners LLC bought a new position in shares of Mission Produce in the fourth quarter valued at $3,952,000. SG Capital Management LLC bought a new position in shares of Mission Produce in the first quarter valued at $1,331,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Mission Produce by 15.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock valued at $166,000 after buying an additional 1,870 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Mission Produce by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock valued at $33,607,000 after buying an additional 29,822 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Mission Produce by 245.2% in the first quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock valued at $52,000 after buying an additional 3,112 shares in the last quarter. 63.57% of the stock is owned by institutional investors.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.