Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 31,157 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 31,157 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $11.22, for a total transaction of $349,581.54. Following the completion of the sale, the director now directly owns 7,466,920 shares of the company’s stock, valued at $83,778,842.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

Mission Produce Trading Up 2.1 %

Mission Produce stock opened at $11.47 on Friday. The firm has a 50 day moving average of $11.33 and a 200 day moving average of $10.20. The firm has a market capitalization of $812.65 million, a price-to-earnings ratio of 143.38 and a beta of 0.49. Mission Produce, Inc. has a 12-month low of $8.19 and a 12-month high of $13.99. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33.

Mission Produce (NASDAQ:AVO) last released its earnings results 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. The company had revenue of $258.70 million during the quarter, compared to analyst estimates of $188.40 million. Mission Produce had a net margin of 0.60% and a return on equity of 3.98%. As a group, research analysts predict that Mission Produce, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Mission Produce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Mission Produce by 638.5% during the 3rd quarter. Signaturefd LLC now owns 2,917 shares of the company’s stock valued at $28,000 after buying an additional 2,522 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Mission Produce by 68.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock valued at $39,000 after buying an additional 1,576 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Mission Produce by 437.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,004 shares of the company’s stock valued at $50,000 after buying an additional 4,073 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Mission Produce during the 3rd quarter valued at approximately $61,000. Finally, Panagora Asset Management Inc. purchased a new stake in Mission Produce during the 3rd quarter valued at approximately $110,000. 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.