Mission Produce, Inc. (NASDAQ:AVO) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Mission Produce, Inc. (NASDAQ:AVO) by 25.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,327,266 shares of the company’s stock after acquiring an additional 266,489 shares during the period. Dimensional Fund Advisors LP owned about 1.87% of Mission Produce worth $13,113,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Buckingham Strategic Partners LLC acquired a new stake in shares of Mission Produce during the fourth quarter worth $3,952,000. SG Capital Management LLC acquired a new stake in Mission Produce during the first quarter worth about $1,331,000. SageView Advisory Group LLC acquired a new stake in Mission Produce during the first quarter worth about $672,000. Vanguard Group Inc. lifted its holdings in Mission Produce by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock worth $33,607,000 after acquiring an additional 29,822 shares during the last quarter. Finally, Texas Yale Capital Corp. bought a new position in Mission Produce in the first quarter worth about $338,000. 63.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Luis A. Gonzalez sold 49,331 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $13.03, for a total value of $642,782.93. Following the completion of the transaction, the director now owns 7,398,902 shares in the company, valued at $96,407,693.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mission Produce news, Director Luis A. Gonzalez sold 49,331 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.03, for a total value of $642,782.93. Following the completion of the sale, the director now directly owns 7,398,902 shares in the company, valued at $96,407,693.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Taylor Family Investments, Llc sold 100,100 shares of Mission Produce stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $13.25, for a total value of $1,326,325.00. Following the transaction, the director now owns 8,630,002 shares in the company, valued at approximately $114,347,526.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,059 shares of company stock worth $3,920,360. 41.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Mission Produce in a research report on Tuesday, September 10th. Roth Mkm increased their target price on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th.

Mission Produce Trading Up 0.1 %

Mission Produce stock opened at $12.55 on Friday. The firm has a 50-day moving average price of $11.46 and a two-hundred day moving average price of $11.32. Mission Produce, Inc. has a 52-week low of $8.19 and a 52-week high of $13.62. The firm has a market capitalization of $889.92 million, a price-to-earnings ratio of 50.20 and a beta of 0.48. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28.

Mission Produce (NASDAQ:AVO) last issued its quarterly earnings data on Monday, September 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.23. Mission Produce had a return on equity of 6.69% and a net margin of 2.06%. The business had revenue of $324.00 million during the quarter, compared to the consensus estimate of $229.90 million. Sell-side analysts expect that Mission Produce, Inc. will post 0.39 earnings per share for the current year.

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.