Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Buys 13,683 Shares

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 13,683 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were purchased at an average cost of $11.96 per share, with a total value of $163,648.68. Following the completion of the transaction, the insider owned 7,850,900 shares in the company, valued at $93,896,764. This represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings Venture Globalharvest also recently made the following trade(s):

• On Wednesday, January 7th, Holdings Venture Globalharvest bought 7,472 shares of Mission Produce stock. The shares were acquired at an average cost of $11.61 per share, for a total transaction of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest purchased 59,761 shares of Mission Produce stock. The stock was bought at an average price of $11.60 per share, for a total transaction of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest purchased 13,679 shares of Mission Produce stock. The stock was bought at an average cost of $11.64 per share, with a total value of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest acquired 15,365 shares of Mission Produce stock. The shares were bought at an average cost of $11.60 per share, for a total transaction of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest acquired 112,505 shares of Mission Produce stock. The shares were purchased at an average price of $11.61 per share, with a total value of $1,306,183.05.
• On Monday, November 10th, Holdings Venture Globalharvest purchased 5,262 shares of Mission Produce stock. The stock was acquired at an average price of $12.46 per share, with a total value of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest acquired 3,545 shares of Mission Produce stock. The shares were bought at an average price of $12.03 per share, for a total transaction of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest acquired 72,165 shares of Mission Produce stock. The stock was bought at an average cost of $11.94 per share, with a total value of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest purchased 784 shares of Mission Produce stock. The stock was bought at an average cost of $11.70 per share, with a total value of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest acquired 49,055 shares of Mission Produce stock. The shares were bought at an average price of $11.69 per share, with a total value of $573,452.95.

Mission Produce Stock Performance

Shares of AVO opened at $12.21 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.95. Mission Produce, Inc. has a one year low of $9.56 and a one year high of $14.12. The stock has a market cap of $861.66 million, a P/E ratio of 23.48 and a beta of 0.56. The stock has a 50-day moving average of $12.06 and a two-hundred day moving average of $12.14.

Mission Produce (NASDAQ:AVO) last posted its quarterly earnings results on Thursday, December 18th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The business had revenue of $319.00 million for the quarter, compared to analysts’ expectations of $301.60 million. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. As a group, research analysts predict that Mission Produce, Inc. will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of Mission Produce by 673.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock valued at $29,000 after acquiring an additional 2,136 shares during the last quarter. Quarry LP acquired a new position in Mission Produce in the 3rd quarter valued at about $29,000. State of Alaska Department of Revenue purchased a new stake in shares of Mission Produce in the 3rd quarter valued at approximately $33,000. Tower Research Capital LLC TRC increased its holdings in shares of Mission Produce by 211.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $54,000 after buying an additional 3,158 shares during the last quarter. Finally, AlphaQuest LLC raised its position in shares of Mission Produce by 33.7% during the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock valued at $56,000 after buying an additional 1,174 shares during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVO has been the subject of a number of recent analyst reports. Stephens assumed coverage on shares of Mission Produce in a research report on Friday, September 12th. They issued an “overweight” rating and a $17.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, October 8th. Finally, Zacks Research cut Mission Produce from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Mission Produce currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

About Mission Produce

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.