Holdings Venture Globalharvest Buys 71,750 Shares of Mission Produce (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 71,750 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were bought at an average price of $13.80 per share, with a total value of $990,150.00. Following the completion of the purchase, the insider owned 9,770,608 shares in the company, valued at approximately $134,834,390.40. The trade was a 0.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings Venture Globalharvest also recently made the following trade(s):

• On Wednesday, January 21st, Holdings Venture Globalharvest purchased 237,270 shares of Mission Produce stock. The stock was bought at an average price of $12.92 per share, for a total transaction of $3,065,528.40.
• On Tuesday, January 20th, Holdings Venture Globalharvest acquired 300,000 shares of Mission Produce stock. The shares were bought at an average cost of $12.50 per share, with a total value of $3,750,000.00.
• On Friday, January 16th, Holdings Venture Globalharvest bought 324,295 shares of Mission Produce stock. The shares were purchased at an average cost of $12.37 per share, for a total transaction of $4,011,529.15.
• On Thursday, January 15th, Holdings Venture Globalharvest purchased 985,704 shares of Mission Produce stock. The shares were purchased at an average price of $11.76 per share, for a total transaction of $11,591,879.04.
• On Thursday, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The stock was purchased at an average cost of $11.96 per share, with a total value of $163,648.68.
• On Wednesday, January 7th, Holdings Venture Globalharvest acquired 7,472 shares of Mission Produce stock. The shares were purchased at an average cost of $11.61 per share, for a total transaction of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest bought 59,761 shares of Mission Produce stock. The stock was purchased at an average price of $11.60 per share, with a total value of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest bought 13,679 shares of Mission Produce stock. The stock was purchased at an average cost of $11.64 per share, with a total value of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest purchased 15,365 shares of Mission Produce stock. The shares were acquired at an average price of $11.60 per share, for a total transaction of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest acquired 112,505 shares of Mission Produce stock. The stock was acquired at an average price of $11.61 per share, with a total value of $1,306,183.05.

Mission Produce Price Performance

NASDAQ:AVO opened at $13.46 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.95. The company has a 50-day moving average of $12.23 and a 200-day moving average of $12.21. Mission Produce, Inc. has a 52 week low of $9.56 and a 52 week high of $14.23. The company has a market capitalization of $949.87 million, a price-to-earnings ratio of 25.89 and a beta of 0.56.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $319.00 million for the quarter, compared to the consensus estimate of $301.60 million. Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. As a group, equities research analysts anticipate that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in Mission Produce in the 3rd quarter valued at about $29,000. GAMMA Investing LLC grew its stake in shares of Mission Produce by 673.8% during the third quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock valued at $29,000 after purchasing an additional 2,136 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Mission Produce during the third quarter valued at approximately $33,000. Tower Research Capital LLC TRC increased its holdings in shares of Mission Produce by 211.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $54,000 after purchasing an additional 3,158 shares in the last quarter. Finally, AlphaQuest LLC raised its position in Mission Produce by 33.7% in the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock worth $56,000 after purchasing an additional 1,174 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AVO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a research note on Wednesday, January 21st. Zacks Research cut shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Lake Street Capital restated a “buy” rating on shares of Mission Produce in a research report on Thursday, January 15th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Mission Produce presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

About Mission Produce

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.