UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.18 Million Stake in Mission Produce, Inc. (NASDAQ:AVO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,253 shares of the company’s stock after selling 3,156 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Mission Produce worth $1,183,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AVO. Point72 Asset Management L.P. acquired a new stake in Mission Produce during the second quarter worth approximately $53,000. Point72 DIFC Ltd bought a new stake in shares of Mission Produce during the 2nd quarter valued at $53,000. nVerses Capital LLC acquired a new stake in shares of Mission Produce during the 2nd quarter worth $67,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Mission Produce in the second quarter worth $73,000. Finally, Quantbot Technologies LP acquired a new position in Mission Produce in the third quarter valued at about $76,000. 63.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Lake Street Capital restated a “buy” rating and issued a $15.00 target price on shares of Mission Produce in a research report on Tuesday, September 10th. Roth Mkm boosted their price objective on shares of Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

Mission Produce Stock Performance

NASDAQ:AVO opened at $13.18 on Wednesday. The stock’s 50-day moving average is $12.78 and its 200-day moving average is $11.64. Mission Produce, Inc. has a 1-year low of $9.03 and a 1-year high of $14.17. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The stock has a market cap of $934.61 million, a P/E ratio of 39.94 and a beta of 0.54.

Insider Buying and Selling

In related news, Director Taylor Family Investments, Llc sold 100,100 shares of Mission Produce stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $13.25, for a total transaction of $1,326,325.00. Following the completion of the transaction, the director now owns 8,630,002 shares of the company’s stock, valued at $114,347,526.50. This trade represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay A. Pack sold 22,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $13.41, for a total transaction of $295,020.00. Following the sale, the director now directly owns 1,115,160 shares in the company, valued at $14,954,295.60. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. 41.60% of the stock is owned by corporate insiders.

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.