Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 49,331 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 49,331 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.03, for a total value of $642,782.93. Following the sale, the director now owns 7,398,902 shares of the company’s stock, valued at $96,407,693.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mission Produce Stock Up 1.8 %

Shares of AVO traded up $0.24 during trading hours on Wednesday, hitting $13.23. 1,080,823 shares of the company were exchanged, compared to its average volume of 204,345. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.49 and a current ratio of 2.27. The company has a market cap of $938.14 million, a PE ratio of 52.72 and a beta of 0.47. The firm’s 50 day moving average is $10.55 and its 200-day moving average is $11.08. Mission Produce, Inc. has a 52 week low of $8.19 and a 52 week high of $13.45.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AVO shares. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Mission Produce in a report on Tuesday. Roth Mkm lifted their target price on shares of Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday.

Institutional Investors Weigh In On Mission Produce

A number of large investors have recently added to or reduced their stakes in the stock. Buckingham Strategic Partners LLC bought a new position in shares of Mission Produce in the fourth quarter worth about $3,952,000. Dimensional Fund Advisors LP increased its position 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. Marshall Wace LLP lifted its holdings in shares of Mission Produce by 202.1% during the second quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after buying an additional 143,858 shares during the last quarter. SG Capital Management LLC bought a new stake in shares of Mission Produce in the first quarter valued at approximately $1,331,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mission Produce by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock worth $6,640,000 after acquiring an additional 59,983 shares during the last quarter. Institutional investors 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.