Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 18,278 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 18,278 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $14.49, for a total transaction of $264,848.22. Following the transaction, the director now owns 256,722 shares of the company’s stock, valued at approximately $3,719,901.78. The trade was a 6.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mission Produce Stock Performance

Shares of AVO stock opened at $14.37 on Wednesday. The firm has a 50 day moving average of $13.15 and a 200-day moving average of $11.86. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 43.55 and a beta of 0.54. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a 52 week low of $9.54 and a 52 week high of $15.25.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Mission Produce

A number of large investors have recently bought and sold shares of AVO. Dimensional Fund Advisors LP boosted its holdings in Mission Produce by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock worth $13,113,000 after acquiring an additional 266,489 shares in the last quarter. Walleye Capital LLC bought a new stake in Mission Produce in the third quarter worth about $1,939,000. Marshall Wace LLP grew its stake in shares of 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 acquiring an additional 143,858 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Mission Produce in the 3rd quarter valued at approximately $1,295,000. Finally, Jane Street Group LLC lifted its holdings in shares of Mission Produce by 171.9% in the third quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock worth $2,029,000 after buying an additional 100,055 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

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.