Mission Produce, Inc. (NASDAQ:AVO – Get 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.
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.
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
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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