7,390 Shares in Mission Produce, Inc. (NASDAQ:AVO) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,390 shares of the company’s stock, valued at approximately $73,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Mission Produce by 1.1% during 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 during the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $13,113,000 after acquiring an additional 266,489 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mission Produce by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock valued at $6,640,000 after purchasing an additional 59,983 shares during the last quarter. Buckingham Strategic Partners LLC acquired a new position in Mission Produce during the 4th quarter valued at about $3,952,000. Finally, Marshall Wace LLP increased its holdings in Mission Produce by 202.1% during the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after purchasing an additional 143,858 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Insider Activity

In related news, Director Jay A. Pack sold 22,000 shares of Mission Produce stock in a transaction on Friday, September 20th. The stock was sold at an average price of $13.41, for a total transaction of $295,020.00. Following the sale, the director now directly owns 1,115,160 shares in the company, valued at $14,954,295.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jay A. Pack sold 22,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $13.41, for a total transaction of $295,020.00. Following the completion of the sale, the director now owns 1,115,160 shares in the company, valued at $14,954,295.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay A. Pack sold 72,054 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $13.30, for a total transaction of $958,318.20. Following the completion of the transaction, the director now owns 384,823 shares in the company, valued at $5,118,145.90. The disclosure for this sale can be found here. Insiders sold a total of 296,059 shares of company stock valued at $3,920,360 over the last three months. Corporate insiders own 41.60% of the company’s stock.

Analyst Ratings Changes

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

Mission Produce Trading Down 0.1 %

NASDAQ:AVO opened at $12.95 on Monday. Mission Produce, Inc. has a 52 week low of $8.19 and a 52 week high of $13.62. The firm has a 50-day moving average price of $11.31 and a two-hundred day moving average price of $11.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02. The firm has a market cap of $918.28 million, a price-to-earnings ratio of 51.80 and a beta of 0.47.

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.