Mission Produce, Inc. (NASDAQ:AVO) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 10.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 81,814 shares of the company’s stock after buying an additional 8,058 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Mission Produce were worth $1,049,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AVO. Lazard Asset Management LLC lifted its position in Mission Produce by 245.2% in the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock valued at $52,000 after purchasing an additional 3,112 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Mission Produce during the second quarter valued at approximately $53,000. Point72 DIFC Ltd acquired a new position in shares of Mission Produce during the second quarter worth approximately $53,000. nVerses Capital LLC acquired a new position in shares of Mission Produce during the second quarter worth approximately $67,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Mission Produce in the 2nd quarter valued at approximately $73,000. Institutional investors own 63.57% of the company’s stock.

Mission Produce Price Performance

NASDAQ:AVO opened at $13.04 on Wednesday. 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 price is $12.71 and its 200 day moving average price is $11.57. Mission Produce, Inc. has a 52-week low of $8.19 and a 52-week high of $14.17. The firm has a market cap of $924.67 million, a P/E ratio of 39.52 and a beta of 0.50.

Mission Produce (NASDAQ:AVO) last released its earnings results on Monday, September 9th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.23. The business had revenue of $324.00 million for the quarter, compared to the consensus estimate of $229.90 million. Mission Produce had a net margin of 2.06% and a return on equity of 6.69%. As a group, sell-side analysts predict that Mission Produce, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Mission Produce

In other Mission Produce news, Director Jay A. Pack sold 22,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 1,115,160 shares of the company’s stock, valued at $14,954,295.60. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the stock in a transaction on 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 completion of the sale, the director now owns 8,630,002 shares of the company’s stock, valued at $114,347,526.50. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 296,059 shares of company stock valued at $3,920,360 in the last three months. 41.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.