Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 18,278 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 18,278 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.49, for a total value of $264,848.22. Following the completion of the transaction, the director now owns 256,722 shares in the company, valued at approximately $3,719,901.78. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Mission Produce Stock Down 0.5 %

Shares of AVO stock traded down $0.07 during trading hours on Tuesday, hitting $14.37. 309,859 shares of the company were exchanged, compared to its average volume of 240,221. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 43.55 and a beta of 0.54. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The business’s 50-day simple moving average is $13.15 and its two-hundred day simple moving average is $11.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AVO. Lake Street Capital restated a “buy” rating and set a $15.00 price objective on shares of Mission Produce in a report on Tuesday, September 10th. Roth Mkm lifted their price target on shares of Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Institutional Trading of Mission Produce

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of Mission Produce during the second quarter worth $53,000. Point72 DIFC Ltd acquired a new stake in Mission Produce during the second quarter worth about $53,000. nVerses Capital LLC bought a new position in Mission Produce in the second quarter worth about $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Mission Produce in the second quarter valued at approximately $73,000. Finally, Quantbot Technologies LP bought a new position in shares of Mission Produce during the third quarter valued at approximately $76,000. Institutional investors and hedge funds 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.