SG Americas Securities LLC Buys New Position in Mission Produce, Inc. (NASDAQ:AVO)

SG Americas Securities LLC bought a new stake in Mission Produce, Inc. (NASDAQ:AVO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,783 shares of the company’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Mission Produce by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock worth $33,607,000 after buying an additional 29,822 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mission Produce by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock worth $13,113,000 after buying an additional 266,489 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Mission Produce by 202.1% during the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after buying an additional 143,858 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Mission Produce by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock worth $1,597,000 after buying an additional 4,160 shares in the last quarter. Finally, SG Capital Management LLC bought a new position in shares of Mission Produce during the 1st quarter worth approximately $1,331,000. 63.57% of the stock is currently owned by institutional investors.

Insider Transactions at Mission Produce

In related news, Director Luis A. Gonzalez sold 49,331 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.03, for a total value of $642,782.93. Following the completion of the sale, the director now directly owns 7,398,902 shares of the company’s stock, valued at approximately $96,407,693.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Luis A. Gonzalez sold 49,331 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $13.03, for a total value of $642,782.93. Following the completion of the sale, the director now directly owns 7,398,902 shares of the company’s stock, valued at approximately $96,407,693.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $13.25, for a total value of $1,326,325.00. Following the completion of the sale, the director now directly owns 8,630,002 shares of the company’s stock, valued at $114,347,526.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 296,059 shares of company stock valued at $3,920,360 over the last ninety days. 41.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AVO has been the topic of a number of research analyst reports. Roth Mkm increased their price target on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital reaffirmed a “buy” rating and set a $15.00 target price on shares of Mission Produce in a research report on Tuesday, September 10th.

Mission Produce Price Performance

Shares of NASDAQ:AVO opened at $12.24 on Monday. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a twelve month low of $8.19 and a twelve month high of $13.62. The stock’s 50 day moving average is $11.78 and its 200-day moving average is $11.34. The firm has a market capitalization of $867.94 million, a price-to-earnings ratio of 48.96 and a beta of 0.48.

Mission Produce (NASDAQ:AVO) last issued its earnings results on Monday, September 9th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.23. Mission Produce had a return on equity of 6.69% and a net margin of 2.06%. The company had revenue of $324.00 million for the quarter, compared to analyst estimates of $229.90 million. Sell-side analysts forecast that Mission Produce, Inc. will post 0.39 EPS for the current fiscal year.

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.