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 firm’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 sale, the director now owns 7,533,506 shares in the company, valued at approximately $85,655,963.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mission Produce Price Performance

AVO stock opened at $11.47 on Friday. Mission Produce, Inc. has a 52-week low of $8.19 and a 52-week high of $13.99. The stock’s fifty day simple moving average is $11.33 and its 200-day simple moving average is $10.20. The company has a quick ratio of 1.47, a current ratio of 2.27 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $812.65 million, a price-to-earnings ratio of 143.38 and a beta of 0.49.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of Mission Produce by 5.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,979 shares of the company’s stock worth $184,000 after buying an additional 1,060 shares during the period. Mariner LLC raised its position in shares of Mission Produce by 0.9% in the 3rd quarter. Mariner LLC now owns 126,466 shares of the company’s stock worth $1,224,000 after buying an additional 1,153 shares during the period. Quadrant Capital Group LLC raised its position in shares of Mission Produce by 68.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after buying an additional 1,576 shares during the period. Swiss National Bank raised its position in shares of Mission Produce by 2.0% in the 3rd quarter. Swiss National Bank now owns 93,300 shares of the company’s stock worth $903,000 after buying an additional 1,800 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Mission Produce by 1.2% in the 3rd quarter. Federated Hermes Inc. now owns 168,553 shares of the company’s stock worth $1,632,000 after buying an additional 2,008 shares during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

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.