Geode Capital Management LLC Has $15.44 Million Stake in Mission Produce, Inc. (NASDAQ:AVO)

Geode Capital Management LLC reduced its stake in Mission Produce, Inc. (NASDAQ:AVO) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,074,055 shares of the company’s stock after selling 1,952 shares during the period. Geode Capital Management LLC owned approximately 1.51% of Mission Produce worth $15,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVO. Barclays PLC boosted its holdings in shares of Mission Produce by 308.8% during the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock valued at $860,000 after acquiring an additional 50,680 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Mission Produce in the fourth quarter valued at approximately $635,000. Jane Street Group LLC boosted its holdings in Mission Produce by 171.9% during the third 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. JPMorgan Chase & Co. boosted its stake in shares of Mission Produce by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock worth $665,000 after buying an additional 16,968 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Mission Produce during the fourth quarter valued at about $1,133,000. Institutional investors own 63.57% of the company’s stock.

Insider Buying and Selling

In other news, insider Juan R. Wiesner sold 21,892 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total value of $220,014.60. Following the completion of the transaction, the insider now directly owns 21,412 shares of the company’s stock, valued at $215,190.60. This trade represents a 50.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 35.41% of the stock is currently owned by insiders.

Mission Produce Price Performance

Mission Produce stock opened at $10.20 on Monday. Mission Produce, Inc. has a 12 month low of $9.54 and a 12 month high of $15.25. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $10.83 and its 200 day simple moving average is $12.08. The company has a market cap of $724.93 million, a price-to-earnings ratio of 20.00 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.