Holdings Venture Globalharvest Buys 237,270 Shares of Mission Produce (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest purchased 237,270 shares of Mission Produce stock in a transaction on Wednesday, January 21st. The stock was bought at an average price of $12.92 per share, with a total value of $3,065,528.40. Following the completion of the acquisition, the insider directly owned 9,698,858 shares of the company’s stock, valued at approximately $125,309,245.36. This trade represents a 2.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, January 22nd, Holdings Venture Globalharvest acquired 71,750 shares of Mission Produce stock. The shares were bought at an average price of $13.80 per share, for a total transaction of $990,150.00.
• On Tuesday, January 20th, Holdings Venture Globalharvest bought 300,000 shares of Mission Produce stock. The stock was purchased at an average price 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 stock was purchased at an average cost of $12.37 per share, with a total value 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 cost 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 price of $11.96 per share, for a total transaction 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 price of $11.61 per share, with a total value of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest bought 59,761 shares of Mission Produce stock. The shares were purchased at an average cost of $11.60 per share, for a total transaction 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 price of $11.64 per share, for a total transaction of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest purchased 15,365 shares of Mission Produce stock. The stock was acquired at an average cost of $11.60 per share, with a total value of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest acquired 112,505 shares of Mission Produce stock. The shares were acquired at an average price of $11.61 per share, for a total transaction of $1,306,183.05.

Mission Produce Stock Down 0.8%

Mission Produce stock opened at $13.46 on Wednesday. The firm has a market capitalization of $949.87 million, a price-to-earnings ratio of 25.89 and a beta of 0.56. The firm’s fifty day moving average price is $12.23 and its two-hundred day moving average price is $12.21. Mission Produce, Inc. has a 1-year low of $9.56 and a 1-year high of $14.23. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

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

Hedge Funds Weigh In On Mission Produce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Mission Produce by 673.8% during the third quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock worth $29,000 after buying an additional 2,136 shares during the last quarter. Quarry LP bought a new position in shares of Mission Produce during the 3rd quarter valued at approximately $29,000. State of Alaska Department of Revenue purchased a new stake in shares of Mission Produce during the 3rd quarter worth approximately $33,000. Tower Research Capital LLC TRC raised its holdings in shares of Mission Produce by 211.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $54,000 after purchasing an additional 3,158 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of 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 period. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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