Vanguard Group Inc. Sells 48,873 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Vanguard Group Inc. lessened its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,834,365 shares of the company’s stock after selling 48,873 shares during the period. Vanguard Group Inc. owned approximately 4.00% of Mission Produce worth $40,730,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Mission Produce by 328.2% in the fourth quarter. American Century Companies Inc. now owns 485,095 shares of the company’s stock worth $6,971,000 after acquiring an additional 371,813 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Mission Produce in the 4th quarter valued at $2,147,000. Jane Street Group LLC grew its position in Mission Produce by 171.9% in the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock worth $2,029,000 after purchasing an additional 100,055 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Mission Produce during the 4th quarter worth about $1,133,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Mission Produce by 56.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,897 shares of the company’s stock valued at $2,269,000 after buying an additional 56,885 shares during the last quarter. Institutional investors own 63.57% of the company’s stock.

Insider Buying and Selling at Mission Produce

In other Mission Produce news, insider Juan R. Wiesner sold 75,153 shares of Mission Produce stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $10.08, for a total transaction of $757,542.24. Following the sale, the insider now owns 1,000,000 shares in the company, valued at $10,080,000. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 35.41% of the company’s stock.

Mission Produce Stock Up 2.3 %

NASDAQ AVO opened at $9.96 on Friday. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The stock has a market cap of $707.88 million, a PE ratio of 19.53 and a beta of 0.54. The firm has a 50-day simple moving average of $10.97 and a 200 day simple moving average of $12.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87.

About Mission Produce

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.