Insider Buying: Mission Produce (NASDAQ:AVO) Major Shareholder Acquires 3,695 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVOGet Free Report) major shareholder Holdings Venture Globalharvest purchased 3,695 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average price of $11.94 per share, with a total value of $44,118.30. Following the purchase, the insider owned 9,991,577 shares of the company’s stock, valued at approximately $119,299,429.38. The trade was a 0.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, January 22nd, Holdings Venture Globalharvest purchased 71,750 shares of Mission Produce stock. The stock was bought at an average cost of $13.80 per share, for a total transaction of $990,150.00.
  • On Wednesday, January 21st, Holdings Venture Globalharvest acquired 237,270 shares of Mission Produce stock. The shares were bought at an average price of $12.92 per share, for a total transaction of $3,065,528.40.
  • On Tuesday, January 20th, Holdings Venture Globalharvest acquired 300,000 shares of Mission Produce stock. The shares were bought at an average cost of $12.50 per share, with a total value of $3,750,000.00.
  • On Friday, January 16th, Holdings Venture Globalharvest bought 324,295 shares of Mission Produce stock. The stock was bought at an average cost of $12.37 per share, with a total value of $4,011,529.15.
  • On Thursday, January 15th, Holdings Venture Globalharvest bought 985,704 shares of Mission Produce stock. The stock was bought at an average price of $11.76 per share, for a total transaction of $11,591,879.04.
  • On Thursday, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The stock was purchased at an average price of $11.96 per share, with a total value of $163,648.68.
  • On Wednesday, January 7th, Holdings Venture Globalharvest bought 7,472 shares of Mission Produce stock. The shares were acquired at an average price of $11.61 per share, with a total value of $86,749.92.
  • On Monday, December 29th, Holdings Venture Globalharvest purchased 59,761 shares of Mission Produce stock. The stock was acquired at an average price of $11.60 per share, for a total transaction of $693,227.60.
  • On Friday, December 26th, Holdings Venture Globalharvest acquired 13,679 shares of Mission Produce stock. The shares were acquired 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 acquired at an average price of $11.60 per share, for a total transaction of $178,234.00.

Mission Produce Stock Performance

NASDAQ AVO traded up $0.33 during trading hours on Wednesday, reaching $12.49. The company’s stock had a trading volume of 1,618,787 shares, compared to its average volume of 708,047. The company has a current ratio of 1.86, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $13.46 and a 200 day simple moving average of $12.57. Mission Produce, Inc. has a 52 week low of $9.60 and a 52 week high of $15.02. The stock has a market cap of $884.92 million, a PE ratio of 17.37 and a beta of 0.60.

Mission Produce (NASDAQ:AVOGet Free Report) last issued its earnings results on Thursday, March 12th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $278.60 million for the quarter, compared to analyst estimates of $277.33 million. Mission Produce had a return on equity of 8.24% and a net margin of 2.48%.The firm’s revenue for the quarter was down 26.1% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Equities research analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, January 21st. Lake Street Capital restated a “buy” rating on shares of Mission Produce in a research note on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mission Produce currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Get Our Latest Report on AVO

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Mission Produce during the fourth quarter valued at about $133,000. Zacks Investment Management bought a new position in Mission Produce in the 4th quarter valued at about $216,000. Quadrature Capital Ltd bought a new position in Mission Produce in the 4th quarter valued at about $277,000. Oxford Asset Management LLP bought a new stake in shares of Mission Produce during the 4th quarter worth about $523,000. Finally, Inspire Investing LLC raised its position in shares of Mission Produce by 7.2% during the 4th quarter. Inspire Investing LLC now owns 40,562 shares of the company’s stock worth $471,000 after buying an additional 2,707 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

About Mission Produce

(Get Free Report)

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.

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