Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) CEO Sells 7,032 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) CEO Stephen J. Barnard sold 7,032 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $14.51, for a total transaction of $102,034.32. Following the transaction, the chief executive officer now directly owns 1,787,450 shares of the company’s stock, valued at $25,935,899.50. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mission Produce Price Performance

Shares of Mission Produce stock traded up $0.19 during trading hours on Monday, reaching $14.44. The company’s stock had a trading volume of 581,582 shares, compared to its average volume of 239,943. The firm has a 50 day moving average price of $13.05 and a 200-day moving average price of $11.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40. The stock has a market cap of $1.02 billion, a P/E ratio of 43.76 and a beta of 0.54. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25.

Institutional Investors Weigh In On Mission Produce

Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in Mission Produce by 8.0% during the third quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock valued at $850,000 after acquiring an additional 4,894 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Mission Produce during the 3rd quarter worth about $1,295,000. Jane Street Group LLC grew its holdings in Mission Produce by 171.9% during the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after purchasing an additional 100,055 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Mission Produce by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock worth $13,113,000 after purchasing an additional 266,489 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in Mission Produce in the 3rd quarter worth about $955,000. 63.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AVO shares. Lake Street Capital reissued a “buy” rating and set a $15.00 price target on shares of Mission Produce in a research note on Tuesday, September 10th. Roth Mkm increased their target price on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

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.