Mission Produce, Inc. (NASDAQ:AVO) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of Mission Produce, Inc. (NASDAQ:AVO) by 16.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,560 shares of the company’s stock after purchasing an additional 5,676 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Mission Produce worth $583,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Mission Produce by 308.8% in the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock valued at $860,000 after purchasing an additional 50,680 shares in the last quarter. Virtu Financial LLC purchased a new position in Mission Produce in the third quarter valued at $440,000. JPMorgan Chase & Co. raised its stake in Mission Produce by 48.6% in the third 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 in the last quarter. R Squared Ltd purchased a new stake in Mission Produce during the 4th quarter worth about $34,000. Finally, New York State Teachers Retirement System purchased a new stake in Mission Produce during the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insiders Place Their Bets

In other news, insider Juan R. Wiesner sold 75,153 shares of Mission Produce stock in a transaction dated Thursday, March 20th. The stock was 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 approximately $10,080,000. The trade was a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 35.41% of the stock is owned by corporate insiders.

Mission Produce Trading Up 1.2 %

AVO opened at $10.53 on Friday. The business’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $11.96. The company has a market cap of $748.39 million, a P/E ratio of 20.65 and a beta of 0.54. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87.

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.