Luis A. Gonzalez Sells 34,617 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 34,617 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $11.37, for a total value of $393,595.29. Following the transaction, the director now directly owns 7,533,506 shares in the company, valued at approximately $85,655,963.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mission Produce Stock Performance

NASDAQ AVO opened at $11.47 on Friday. The stock’s fifty day moving average is $11.33 and its two-hundred day moving average is $10.20. The firm has a market capitalization of $812.65 million, a P/E ratio of 143.38 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.47 and a current ratio of 2.27. Mission Produce, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $13.99.

Mission Produce (NASDAQ:AVO) last released its quarterly earnings data on Monday, March 11th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. The company had revenue of $258.70 million for the quarter, compared to analyst estimates of $188.40 million. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. On average, research analysts anticipate that Mission Produce, Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Mission Produce

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Buckingham Strategic Partners LLC purchased a new stake in Mission Produce in the fourth quarter valued at $3,952,000. Nuance Investments LLC raised its position in Mission Produce by 7.6% in the fourth quarter. Nuance Investments LLC now owns 4,621,456 shares of the company’s stock valued at $46,630,000 after purchasing an additional 327,889 shares during the period. Charles Schwab Investment Management Inc. raised its position in Mission Produce by 10.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock valued at $6,640,000 after purchasing an additional 59,983 shares during the period. Raymond James & Associates raised its position in Mission Produce by 12.2% in the fourth quarter. Raymond James & Associates now owns 271,107 shares of the company’s stock valued at $2,735,000 after purchasing an additional 29,561 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Mission Produce by 7.1% in the third quarter. Bank of New York Mellon Corp now owns 399,344 shares of the company’s stock valued at $3,866,000 after purchasing an additional 26,312 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.