Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Buys 7,472 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 7,472 shares of Mission Produce stock in a transaction dated Wednesday, January 7th. The stock was purchased at an average price of $11.61 per share, with a total value of $86,749.92. Following the purchase, the insider directly owned 7,837,217 shares in the company, valued at approximately $90,990,089.37. This trade represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The shares were purchased at an average cost of $11.96 per share, with a total value of $163,648.68.
• On Monday, December 29th, Holdings Venture Globalharvest acquired 59,761 shares of Mission Produce stock. The stock was purchased at an average price of $11.60 per share, with a total value of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest acquired 13,679 shares of Mission Produce stock. The stock was acquired at an average cost of $11.64 per share, for a total transaction of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest bought 15,365 shares of Mission Produce stock. The shares were acquired at an average cost of $11.60 per share, with a total value of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest purchased 112,505 shares of Mission Produce stock. The stock was acquired at an average cost of $11.61 per share, with a total value of $1,306,183.05.
• On Monday, November 10th, Holdings Venture Globalharvest acquired 5,262 shares of Mission Produce stock. The shares were acquired at an average cost of $12.46 per share, for a total transaction of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest acquired 3,545 shares of Mission Produce stock. The stock was acquired at an average price of $12.03 per share, with a total value of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest bought 72,165 shares of Mission Produce stock. The stock was acquired 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 shares were bought at an average cost of $11.70 per share, for a total transaction of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest purchased 49,055 shares of Mission Produce stock. The stock was bought at an average price of $11.69 per share, with a total value of $573,452.95.

Mission Produce Stock Up 1.1%

Shares of NASDAQ AVO opened at $12.21 on Friday. The stock has a market capitalization of $861.66 million, a price-to-earnings ratio of 23.48 and a beta of 0.56. Mission Produce, Inc. has a 52 week low of $9.56 and a 52 week high of $14.12. The firm has a 50-day moving average price of $12.06 and a 200 day moving average price of $12.14. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.19.

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 net margin of 2.71% and a return on equity of 8.18%. The company had revenue of $319.00 million for the quarter, compared to analyst estimates of $301.60 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Mission Produce’s revenue was down 10.0% on a year-over-year basis. Equities research analysts anticipate that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of Mission Produce by 11.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company’s stock valued at $13,869,000 after acquiring an additional 123,678 shares during the period. American Century Companies Inc. increased its holdings in Mission Produce by 28.6% in the 2nd quarter. American Century Companies Inc. now owns 861,139 shares of the company’s stock valued at $10,093,000 after purchasing an additional 191,405 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Mission Produce by 11.7% in the second quarter. Los Angeles Capital Management LLC now owns 149,687 shares of the company’s stock valued at $1,754,000 after purchasing an additional 15,655 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Mission Produce by 57.0% during the second quarter. KLP Kapitalforvaltning AS now owns 12,400 shares of the company’s stock worth $145,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in shares of Mission Produce by 21.1% during the second quarter. Atria Investments Inc now owns 27,974 shares of the company’s stock worth $328,000 after purchasing an additional 4,868 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research cut shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a report on Wednesday, October 8th. Finally, Stephens started coverage on Mission Produce in a report on Friday, September 12th. They issued an “overweight” rating and a $17.00 price target for the company. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the 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.