KLP Kapitalforvaltning AS Takes Position in Mission Produce, Inc. (NASDAQ:AVO)

KLP Kapitalforvaltning AS purchased a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,900 shares of the company’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in Mission Produce by 328.2% in the 4th quarter. American Century Companies Inc. now owns 485,095 shares of the company’s stock worth $6,971,000 after purchasing an additional 371,813 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Mission Produce by 104.7% during the 4th quarter. Quantbot Technologies LP now owns 12,062 shares of the company’s stock valued at $173,000 after purchasing an additional 6,169 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Mission Produce during the fourth quarter valued at about $1,133,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Mission Produce by 56.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,897 shares of the company’s stock worth $2,269,000 after purchasing an additional 56,885 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Mission Produce in the fourth quarter worth about $166,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insider Activity at Mission Produce

In related news, insider Juan R. Wiesner sold 75,153 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $10.08, for a total value of $757,542.24. Following the completion of the transaction, the insider now owns 1,000,000 shares of the company’s stock, valued at approximately $10,080,000. This trade represents a 6.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 35.41% of the stock is currently owned by insiders.

Mission Produce Stock Performance

NASDAQ AVO opened at $10.02 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The business has a 50 day simple moving average of $11.04 and a two-hundred day simple moving average of $12.22. The stock has a market capitalization of $712.14 million, a PE ratio of 19.65 and a beta of 0.54.

Mission Produce 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.