Jay A. Pack Sells 22,000 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 22,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 1,115,160 shares in the company, valued at approximately $14,954,295.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mission Produce Stock Down 1.6 %

NASDAQ AVO traded down $0.22 during trading on Friday, reaching $13.30. The company’s stock had a trading volume of 785,497 shares, compared to its average volume of 221,533. The company has a current ratio of 2.02, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $943.10 million, a PE ratio of 54.08 and a beta of 0.47. Mission Produce, Inc. has a 1-year low of $8.19 and a 1-year high of $13.62. The business has a 50-day moving average price of $10.96 and a 200-day moving average price of $11.19.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Mission Produce

Several institutional investors and hedge funds have recently modified their holdings of AVO. Buckingham Strategic Partners LLC bought a new position in shares of Mission Produce in the 4th quarter valued at approximately $3,952,000. SG Capital Management LLC acquired a new position in Mission Produce during the first quarter valued at approximately $1,331,000. Price T Rowe Associates Inc. MD raised its position in shares of Mission Produce by 15.5% in the first 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. Vanguard Group Inc. lifted its stake in shares of Mission Produce by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock worth $33,607,000 after buying an additional 29,822 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Mission Produce by 245.2% during the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock worth $52,000 after buying an additional 3,112 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.