Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 34,617 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 34,617 shares of Mission Produce stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $11.37, for a total value of $393,595.29. Following the completion of the transaction, the director now owns 7,533,506 shares of the company’s stock, valued at approximately $85,655,963.22. The sale was disclosed in a document filed with the SEC, which is available at this link.

Mission Produce Stock Performance

Shares of NASDAQ AVO traded down $0.15 during mid-day trading on Wednesday, hitting $11.23. The company had a trading volume of 171,828 shares, compared to its average volume of 181,714. The stock has a market cap of $795.65 million, a price-to-earnings ratio of 140.38 and a beta of 0.49. Mission Produce, Inc. has a 12 month low of $8.19 and a 12 month high of $13.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.27 and a quick ratio of 1.47. The firm’s 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $10.19.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.16. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $188.40 million. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. As a group, equities research analysts forecast that Mission Produce, Inc. will post 0.31 earnings per share for the current year.

Institutional Trading of Mission Produce

Several hedge funds have recently added to or reduced their stakes in AVO. Buckingham Strategic Partners LLC bought a new stake in Mission Produce during the 4th quarter valued at $3,952,000. Nuance Investments LLC increased its position in shares of Mission Produce by 7.6% during the 4th quarter. Nuance Investments LLC now owns 4,621,456 shares of the company’s stock valued at $46,630,000 after purchasing an additional 327,889 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Mission Produce by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock valued at $6,640,000 after purchasing an additional 59,983 shares during the period. Raymond James & Associates increased its position in shares of Mission Produce by 12.2% during the 4th quarter. Raymond James & Associates now owns 271,107 shares of the company’s stock valued at $2,735,000 after purchasing an additional 29,561 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Mission Produce by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 399,344 shares of the company’s stock valued at $3,866,000 after purchasing an additional 26,312 shares during the period. Institutional investors own 63.57% of the company’s stock.

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.