Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells $12,467.00 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Taylor Family Investments, Llc sold 959 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $13.00, for a total transaction of $12,467.00. Following the transaction, the director now directly owns 9,127,174 shares of the company’s stock, valued at approximately $118,653,262. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mission Produce Stock Performance

NASDAQ AVO opened at $13.36 on Thursday. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.50. The company has a quick ratio of 1.49, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The stock has a market cap of $947.36 million, a P/E ratio of 53.44 and a beta of 0.47. The company’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $11.19.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Mission Produce

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Mission Produce by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock worth $33,607,000 after purchasing an additional 29,822 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Mission Produce by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock valued at $13,113,000 after buying an additional 266,489 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Mission Produce by 10.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock worth $6,640,000 after buying an additional 59,983 shares during the last quarter. Buckingham Strategic Partners LLC acquired a new stake in shares of Mission Produce during the fourth quarter worth approximately $3,952,000. Finally, Marshall Wace LLP raised its stake in shares of Mission Produce by 202.1% in the second quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock valued at $2,125,000 after acquiring an additional 143,858 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

About Mission Produce

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.