Point72 Asia Singapore Pte. Ltd. Takes $73,000 Position in Mission Produce, Inc. (NASDAQ:AVO)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Mission Produce, Inc. (NASDAQ:AVO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,390 shares of the company’s stock, valued at approximately $73,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in Mission Produce by 15.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock valued at $166,000 after purchasing an additional 1,870 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mission Produce by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock worth $123,000 after buying an additional 2,332 shares in the last quarter. XTX Topco Ltd increased its stake in Mission Produce by 18.7% during the second quarter. XTX Topco Ltd now owns 19,179 shares of the company’s stock valued at $189,000 after acquiring an additional 3,025 shares during the period. Lazard Asset Management LLC raised its holdings in Mission Produce by 245.2% in the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock valued at $52,000 after acquiring an additional 3,112 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Mission Produce by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock worth $1,597,000 after acquiring an additional 4,160 shares during the period. Institutional investors own 63.57% of the company’s stock.

Insider Transactions at Mission Produce

In other Mission Produce news, Director Jay A. Pack sold 22,000 shares of Mission Produce stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $13.41, for a total value of $295,020.00. Following the sale, the director now owns 1,115,160 shares of the company’s stock, valued at $14,954,295.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Jay A. Pack sold 72,054 shares of the stock in a transaction on 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 approximately $5,118,145.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay A. Pack sold 22,000 shares of Mission Produce stock in a transaction on 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 296,059 shares of company stock valued at $3,920,360 over the last quarter. Corporate insiders own 41.60% of the company’s stock.

Mission Produce Stock Performance

Shares of Mission Produce stock opened at $12.55 on Friday. Mission Produce, Inc. has a 12 month low of $8.19 and a 12 month high of $13.62. 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 capitalization of $889.92 million, a PE ratio of 50.20 and a beta of 0.48. The stock’s fifty day simple moving average is $11.43 and its 200 day simple moving average is $11.31.

Mission Produce (NASDAQ:AVO) last announced its earnings results on Monday, September 9th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.23. Mission Produce had a net margin of 2.06% and a return on equity of 6.69%. The firm had revenue of $324.00 million for the quarter, compared to the consensus estimate of $229.90 million. On average, research analysts predict that Mission Produce, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

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