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 dated Tuesday, September 10th. The shares were sold at an average price of $13.03, for a total transaction of $642,782.93. Following the completion of the sale, the director now owns 7,398,902 shares of the company’s stock, valued at approximately $96,407,693.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mission Produce Price Performance

NASDAQ:AVO traded up $0.24 during mid-day trading on Wednesday, hitting $13.23. The company’s stock had a trading volume of 1,080,823 shares, compared to its average volume of 204,345. The company has a current ratio of 2.27, a quick ratio of 1.49 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $10.55 and a 200-day moving average of $11.08. The company has a market capitalization of $938.14 million, a price-to-earnings ratio of 52.72 and a beta of 0.47. Mission Produce, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $13.45.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Roth Mkm upped their price target on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday. 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.

Hedge Funds Weigh In On Mission Produce

A number of hedge funds have recently modified their holdings of the stock. Buckingham Strategic Partners LLC bought a new stake in Mission Produce in the fourth quarter valued at $3,952,000. SG Capital Management LLC bought a new stake in shares of Mission Produce in the 1st quarter worth about $1,331,000. Price T Rowe Associates Inc. MD increased its position in shares of Mission Produce by 15.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock worth $166,000 after purchasing an additional 1,870 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Mission Produce by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock worth $33,607,000 after purchasing an additional 29,822 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Mission Produce by 245.2% during 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. 63.57% of the stock is owned by institutional investors and hedge funds.

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.