Luis A. Gonzalez Sells 20,000 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $14.18, for a total value of $283,600.00. Following the completion of the sale, the director now directly owns 275,000 shares of the company’s stock, valued at approximately $3,899,500. This represents a 6.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mission Produce Stock Down 0.5 %

Mission Produce stock traded down $0.07 during trading hours on Tuesday, hitting $14.37. 309,859 shares of the stock traded hands, compared to its average volume of 240,221. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The firm’s 50-day moving average price is $13.15 and its two-hundred day moving average price is $11.86. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.02 billion, a PE ratio of 43.55 and a beta of 0.54.

Institutional Investors Weigh In On Mission Produce

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted 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 buying an additional 4,894 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Mission Produce in the third quarter worth $1,295,000. Jane Street Group LLC increased its position in shares of Mission Produce by 171.9% during the third quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after acquiring an additional 100,055 shares in 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 buying an additional 266,489 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Mission Produce in the 3rd quarter worth approximately $955,000. 63.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVO has been the subject of several recent research reports. Roth Mkm boosted their price objective on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital reissued a “buy” rating and set a $15.00 price objective on shares of Mission Produce in a research report on Tuesday, September 10th.

Mission Produce Company Profile

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.