Legal & General Group Plc Sells 4,240 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Legal & General Group Plc decreased its stake in shares of Mission Produce, Inc. (NASDAQ:AVO) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,721 shares of the company’s stock after selling 4,240 shares during the period. Legal & General Group Plc owned approximately 0.05% of Mission Produce worth $542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVO. Barclays PLC grew its stake in shares of Mission Produce by 308.8% during the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock worth $860,000 after acquiring an additional 50,680 shares in the last quarter. Prudential Financial Inc. bought a new position in Mission Produce in the fourth quarter valued at $635,000. JPMorgan Chase & Co. increased its stake in Mission Produce by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock valued at $665,000 after buying an additional 16,968 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Mission Produce in the 4th quarter valued at $1,133,000. Finally, HighTower Advisors LLC acquired a new position in shares of Mission Produce during the 4th quarter worth about $166,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Mission Produce Price Performance

NASDAQ:AVO opened at $10.42 on Wednesday. Mission Produce, Inc. has a 52-week low of $9.54 and a 52-week high of $15.25. The company has a market cap of $740.57 million, a P/E ratio of 20.43 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87. The stock’s 50-day simple moving average is $10.61 and its 200 day simple moving average is $11.99.

Insider Buying and Selling at Mission Produce

In related news, insider Juan R. Wiesner sold 75,153 shares of the firm’s 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 sale, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. This trade represents a 6.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 35.41% of the company’s stock.

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.