Mission Produce, Inc. (NASDAQ:AVO) CEO Sells $102,034.32 in Stock

Mission Produce, Inc. (NASDAQ:AVO) CEO Stephen J. Barnard sold 7,032 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $14.51, for a total transaction of $102,034.32. Following the transaction, the chief executive officer now directly owns 1,787,450 shares of the company’s stock, valued at approximately $25,935,899.50. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mission Produce Trading Down 0.5 %

Mission Produce stock opened at $14.37 on Thursday. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The firm’s 50-day moving average is $13.15 and its 200-day 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. The company has a market cap of $1.02 billion, a P/E ratio of 43.55 and a beta of 0.54.

Hedge Funds Weigh In On Mission Produce

A number of large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new position in shares of Mission Produce during the second quarter valued at approximately $53,000. Point72 DIFC Ltd bought a new position in Mission Produce during the 2nd quarter worth $53,000. Quantbot Technologies LP acquired a new stake in Mission Produce in the third quarter worth $76,000. nVerses Capital LLC acquired a new stake in Mission Produce in the second quarter worth $67,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Mission Produce in the second quarter valued at $73,000. Institutional investors own 63.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.