Bryan E. Giles Sells 15,000 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $14.40, for a total value of $216,000.00. Following the sale, the chief financial officer now owns 122,137 shares in the company, valued at approximately $1,758,772.80. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mission Produce Stock Performance

Shares of AVO opened at $14.18 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 42.97 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. The business’s 50 day moving average is $13.20 and its two-hundred day moving average is $11.87. Mission Produce, Inc. has a 52-week low of $9.54 and a 52-week high of $15.25.

Analyst Ratings Changes

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

Institutional Trading of Mission Produce

Several institutional investors have recently added to or reduced their stakes in AVO. Dimensional Fund Advisors LP grew its holdings in Mission Produce by 25.1% during the 2nd 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. Geode Capital Management LLC lifted its position in shares of Mission Produce by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company’s stock worth $13,797,000 after purchasing an additional 22,090 shares during the last quarter. Marshall Wace LLP increased its holdings in Mission Produce by 202.1% in the second quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock valued at $2,125,000 after buying an additional 143,858 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Mission Produce by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock valued at $1,597,000 after buying an additional 4,160 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in 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 buying an additional 100,055 shares in the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

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.