Mission Produce, Inc. (NASDAQ:AVO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Mission Produce, Inc. (NASDAQ:AVO) by 23.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,936 shares of the company’s stock after selling 4,847 shares during the period. SG Americas Securities LLC’s holdings in Mission Produce were worth $229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVO. Quantbot Technologies LP purchased a new stake in Mission Produce during the 3rd quarter worth $76,000. Cubist Systematic Strategies LLC bought a new stake in Mission Produce during the 2nd quarter valued at $108,000. Quarry LP acquired a new stake in shares of Mission Produce in the 3rd quarter worth approximately $114,000. Martingale Asset Management L P bought a new stake in Mission Produce in the third quarter worth about $129,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Mission Produce by 46.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company’s stock worth $139,000 after acquiring an additional 3,455 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Insider Activity

In related news, Director Luis A. Gonzalez sold 20,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $14.18, for a total value of $283,600.00. Following the completion of the sale, the director now directly owns 275,000 shares in the company, valued at approximately $3,899,500. This represents a 6.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Stephen J. Barnard sold 103,847 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $14.53, for a total value of $1,508,896.91. Following the transaction, the chief executive officer now owns 1,790,966 shares in the company, valued at approximately $26,022,735.98. This trade represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 224,252 shares of company stock worth $3,256,786 in the last 90 days. Company insiders own 41.60% of the company’s stock.

Mission Produce Stock Down 0.9 %

AVO stock opened at $11.62 on Friday. Mission Produce, Inc. has a 52-week low of $9.54 and a 52-week high of $15.25. The firm has a market capitalization of $824.09 million, a P/E ratio of 22.78 and a beta of 0.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The company’s 50 day simple moving average is $12.94 and its 200-day simple moving average is $12.28.

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.