UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,156 Shares of Mission Produce, Inc. (NASDAQ:AVO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Mission Produce, Inc. (NASDAQ:AVO) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,253 shares of the company’s stock after selling 3,156 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mission Produce were worth $1,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AVO. The Manufacturers Life Insurance Company increased its holdings in Mission Produce by 8.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock worth $850,000 after acquiring an additional 4,894 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Mission Produce during the 3rd quarter valued at approximately $1,295,000. Dimensional Fund Advisors LP boosted its holdings 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 worth $13,113,000 after buying an additional 266,489 shares during the period. Wedge Capital Management L L P NC bought a new stake in Mission Produce during the 3rd quarter valued at $955,000. Finally, American Century Companies Inc. lifted its position in shares of Mission Produce by 16.5% during the second quarter. American Century Companies Inc. now owns 70,511 shares of the company’s stock worth $697,000 after acquiring an additional 10,000 shares in the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVO has been the subject of several recent research reports. Roth Mkm lifted their price target on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Mission Produce in a research report on Tuesday, September 10th.

Mission Produce Stock Performance

Shares of NASDAQ AVO opened at $13.18 on Wednesday. The stock’s 50-day moving average is $12.78 and its 200 day moving average is $11.64. The stock has a market cap of $934.61 million, a price-to-earnings ratio of 39.94 and a beta of 0.54. Mission Produce, Inc. has a 1-year low of $9.03 and a 1-year high of $14.17. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling at Mission Produce

In other 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 transaction, the director now owns 1,115,160 shares in the company, valued at approximately $14,954,295.60. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $13.25, for a total value of $1,326,325.00. Following the sale, the director now owns 8,630,002 shares of the company’s stock, valued at $114,347,526.50. This represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 41.60% of the company’s stock.

Mission Produce 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.