Mission Produce, Inc. (NASDAQ:AVO) Director Sells $958,318.20 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 72,054 shares of Mission Produce stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $13.30, for a total transaction of $958,318.20. Following the transaction, the director now directly owns 384,823 shares in the company, valued at approximately $5,118,145.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Mission Produce Stock Up 2.0 %

Mission Produce stock traded up $0.26 during mid-day trading on Wednesday, hitting $13.36. The company had a trading volume of 794,683 shares, compared to its average volume of 216,549. Mission Produce, Inc. has a 12 month low of $8.19 and a 12 month high of $13.50. The stock’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $11.17. The company has a market capitalization of $947.36 million, a PE ratio of 53.56 and a beta of 0.47. The company has a current ratio of 2.02, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AVO. Lake Street Capital restated a “buy” rating and issued a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th. Roth Mkm upped their target price on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Institutional Investors Weigh In On Mission Produce

A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Mission Produce by 68.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after purchasing an additional 1,576 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Mission Produce by 15.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock valued at $166,000 after purchasing an additional 1,870 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mission Produce by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock worth $123,000 after buying an additional 2,332 shares during the period. XTX Topco Ltd increased its position in Mission Produce by 18.7% during the second quarter. XTX Topco Ltd now owns 19,179 shares of the company’s stock valued at $189,000 after acquiring an additional 3,025 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Mission Produce by 245.2% in the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock worth $52,000 after acquiring an additional 3,112 shares during the last quarter. Institutional investors own 63.57% of the company’s stock.

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.