Teacher Retirement System of Texas Makes New Investment in Mission Produce, Inc. (NASDAQ:AVO)

Teacher Retirement System of Texas acquired a new stake in Mission Produce, Inc. (NASDAQ:AVO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 78,842 shares of the company’s stock, valued at approximately $1,133,000. Teacher Retirement System of Texas owned 0.11% of Mission Produce at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AVO. Geode Capital Management LLC boosted its stake in Mission Produce by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company’s stock worth $13,797,000 after purchasing an additional 22,090 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Mission Produce by 36.5% during the fourth quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company’s stock worth $2,362,000 after buying an additional 43,957 shares during the last quarter. Jane Street Group LLC increased its position in 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 acquiring an additional 100,055 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Mission Produce by 56.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,897 shares of the company’s stock valued at $2,269,000 after acquiring an additional 56,885 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Mission Produce during the 3rd quarter worth approximately $1,939,000. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mission Produce

In related news, insider Juan R. Wiesner sold 21,892 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $10.05, for a total value of $220,014.60. Following the completion of the sale, the insider now owns 21,412 shares in the company, valued at $215,190.60. This trade represents a 50.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Luis A. Gonzalez sold 18,278 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $14.49, for a total value of $264,848.22. Following the transaction, the director now owns 256,722 shares in the company, valued at $3,719,901.78. The trade was a 6.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,285 shares of company stock worth $1,572,120 in the last three months. Insiders own 35.41% of the company’s stock.

Mission Produce Trading Down 1.5 %

NASDAQ:AVO opened at $10.12 on Friday. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $11.44 and its 200-day simple moving average is $12.43. The firm has a market cap of $719.25 million, a P/E ratio of 19.84 and a beta of 0.47.

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.