Mission Produce (NASDAQ:AVO) Sets New 1-Year High at $13.50

Mission Produce, Inc. (NASDAQ:AVO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $13.50 and last traded at $13.48, with a volume of 583993 shares changing hands. The stock had previously closed at $13.10.

Wall Street Analysts Forecast Growth

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

Mission Produce Stock Performance

The company has a current ratio of 2.02, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $11.17. The firm has a market capitalization of $949.48 million, a PE ratio of 52.40 and a beta of 0.47.

Insider Transactions at Mission Produce

In other Mission Produce news, Director Luis A. Gonzalez sold 51,615 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $13.28, for a total transaction of $685,447.20. Following the transaction, the director now owns 7,219,614 shares of the company’s stock, valued at approximately $95,876,473.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Luis A. Gonzalez sold 51,615 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $13.28, for a total transaction of $685,447.20. Following the completion of the sale, the director now directly owns 7,219,614 shares of the company’s stock, valued at approximately $95,876,473.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luis A. Gonzalez sold 49,331 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $13.03, for a total value of $642,782.93. Following the sale, the director now owns 7,398,902 shares of the company’s stock, valued at $96,407,693.06. The disclosure for this sale can be found here. Insiders sold a total of 101,905 shares of company stock worth $1,340,697 over the last ninety days. 41.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mission Produce

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its stake in Mission Produce by 68.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock valued at $39,000 after purchasing an additional 1,576 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Mission Produce by 245.2% in the first quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock worth $52,000 after buying an additional 3,112 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Mission Produce during the 2nd quarter valued at $53,000. Point72 DIFC Ltd acquired a new position in Mission Produce during the 2nd quarter worth $53,000. Finally, nVerses Capital LLC bought a new stake in shares of Mission Produce in the 2nd quarter worth about $67,000. Hedge funds and other 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.