Mission Produce, Inc. (NASDAQ:AVO) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 36.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,353 shares of the company’s stock after purchasing an additional 43,957 shares during the period. Bank of New York Mellon Corp owned 0.23% of Mission Produce worth $2,362,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Walleye Capital LLC purchased a new position in shares of Mission Produce in the 3rd quarter valued at about $1,939,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Mission Produce in the 3rd quarter valued at about $1,295,000. Jane Street Group LLC increased its holdings in shares of Mission Produce by 171.9% in the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after purchasing an additional 100,055 shares in the last quarter. Barclays PLC increased its holdings in shares of Mission Produce by 308.8% in the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock valued at $860,000 after purchasing an additional 50,680 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Mission Produce in the 3rd quarter valued at about $440,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Price Performance

Shares of NASDAQ AVO opened at $9.76 on Friday. The stock has a market cap of $693.66 million, a price-to-earnings ratio of 19.14 and a beta of 0.47. Mission Produce, Inc. has a 52 week low of $9.54 and a 52 week high of $15.25. The company’s 50-day moving average price is $11.69 and its 200 day moving average price is $12.46. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23.

Insiders Place Their Bets

In other news, CFO Bryan E. Giles sold 15,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.40, for a total transaction of $216,000.00. Following the transaction, the chief financial officer now directly owns 122,137 shares of the company’s stock, valued at approximately $1,758,772.80. The trade was a 10.94 % 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, CEO Stephen J. Barnard sold 103,847 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $14.53, for a total transaction of $1,508,896.91. Following the transaction, the chief executive officer now directly owns 1,790,966 shares in the company, valued at approximately $26,022,735.98. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 262,132 shares of company stock valued at $3,364,617 in the last ninety days. Insiders own 35.41% of the company’s stock.

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.