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

Bank of New York Mellon Corp increased its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,591 shares of the company’s stock after acquiring an additional 4,160 shares during the period. Bank of New York Mellon Corp owned about 0.23% of Mission Produce worth $1,597,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AVO. Charles Schwab Investment Management Inc. lifted its stake in Mission Produce by 10.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock worth $6,640,000 after acquiring an additional 59,983 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Mission Produce by 68.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock valued at $39,000 after buying an additional 1,576 shares during the last quarter. Buckingham Strategic Partners LLC acquired a new stake in shares of Mission Produce during the 4th quarter valued at about $3,952,000. Sanders Morris Harris LLC acquired a new stake in shares of Mission Produce during the 1st quarter valued at about $119,000. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Mission Produce during the 1st quarter valued at about $338,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jay A. Pack sold 72,054 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $13.30, for a total value of $958,318.20. Following the completion of the sale, the director now directly owns 384,823 shares in the company, valued at approximately $5,118,145.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Luis A. Gonzalez sold 51,615 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $13.28, for a total transaction of $685,447.20. Following the completion of the transaction, the director now directly owns 7,219,614 shares in the company, valued at $95,876,473.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jay A. Pack sold 72,054 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $13.30, for a total value of $958,318.20. Following the transaction, the director now owns 384,823 shares of the company’s stock, valued at $5,118,145.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,959 shares of company stock worth $2,299,015. 41.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AVO. Roth Mkm lifted their price target on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Mission Produce in a report on Tuesday, September 10th.

Mission Produce Stock Up 2.0 %

AVO opened at $13.36 on Thursday. The business has a 50 day moving average price of $10.96 and a 200 day moving average price of $11.19. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.02. The firm has a market cap of $947.36 million, a P/E ratio of 53.44 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.