Comerica Bank Decreases Stake in Mission Produce, Inc. (NASDAQ:AVO)

Comerica Bank reduced its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,215 shares of the company’s stock after selling 1,965 shares during the quarter. Comerica Bank’s holdings in Mission Produce were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Mission Produce by 16.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,787,778 shares of the company’s stock worth $25,691,000 after buying an additional 257,344 shares during the last quarter. American Century Companies Inc. grew its position in shares of 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 buying an additional 371,813 shares during the last quarter. Northern Trust Corp grew its position in shares of Mission Produce by 12.0% in the 4th quarter. Northern Trust Corp now owns 435,305 shares of the company’s stock worth $6,255,000 after buying an additional 46,748 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Mission Produce by 23.7% during the fourth quarter. Marshall Wace LLP now owns 418,303 shares of the company’s stock valued at $6,011,000 after purchasing an additional 80,161 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Mission Produce by 23.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 415,132 shares of the company’s stock valued at $5,965,000 after purchasing an additional 78,106 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Trading Up 0.9%

NASDAQ AVO opened at $10.85 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The firm has a market capitalization of $771.13 million, a PE ratio of 21.27 and a beta of 0.54. The stock’s 50 day moving average is $10.23 and its 200 day moving average is $11.85.

Insider Activity at Mission Produce

In related news, insider Juan R. Wiesner sold 75,153 shares of Mission Produce stock in a transaction that occurred on 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 directly 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 document filed with the SEC, which is available through this hyperlink. 35.41% of the stock is currently owned by corporate insiders.

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.