Charles Schwab Investment Management Inc. Sells 83,465 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 15.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 451,659 shares of the company’s stock after selling 83,465 shares during the period. Charles Schwab Investment Management Inc. owned 0.64% of Mission Produce worth $6,490,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Walleye Capital LLC bought a new stake in Mission Produce during the third quarter valued at about $1,939,000. Los Angeles Capital Management LLC bought a new stake in shares of Mission Produce in the 4th quarter valued at about $2,147,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Mission Produce in the 3rd quarter valued at about $1,295,000. Jane Street Group LLC grew its position 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 worth $2,029,000 after buying an additional 100,055 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Mission Produce by 308.8% during the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock worth $860,000 after acquiring an additional 50,680 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

Insider Transactions at Mission Produce

In related news, CEO Stephen J. Barnard sold 103,847 shares of Mission Produce 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 completion of the sale, the chief executive officer now directly owns 1,790,966 shares in the company, valued at $26,022,735.98. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Juan R. Wiesner sold 75,153 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $10.08, for a total transaction of $757,542.24. Following the transaction, the insider now owns 1,000,000 shares in the company, valued at $10,080,000. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 262,132 shares of company stock valued at $3,364,617 in the last quarter. 35.41% of the stock is currently owned by corporate insiders.

Mission Produce Price Performance

Shares of AVO opened at $9.81 on Tuesday. The company has a 50 day moving average of $11.64 and a two-hundred day moving average of $12.48. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The company has a market cap of $697.22 million, a price-to-earnings ratio of 19.24 and a beta of 0.47.

Mission Produce 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.