Teacher Retirement System of Texas Has $1.27 Million Holdings in Mission Produce, Inc. (NASDAQ:AVO)

Teacher Retirement System of Texas grew its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 53.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,111 shares of the company’s stock after purchasing an additional 42,269 shares during the period. Teacher Retirement System of Texas owned about 0.17% of Mission Produce worth $1,269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVO. Bank of New York Mellon Corp lifted its holdings in shares of Mission Produce by 36.5% during the 4th quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company’s stock worth $2,362,000 after acquiring an additional 43,957 shares during the period. Atria Investments Inc lifted its stake in Mission Produce by 16.7% in the 4th quarter. Atria Investments Inc now owns 38,575 shares of the company’s stock valued at $554,000 after purchasing an additional 5,527 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Mission Produce in the 4th quarter valued at approximately $173,000. Raymond James Financial Inc. bought a new position in Mission Produce in the 4th quarter valued at approximately $803,000. Finally, HighTower Advisors LLC bought a new position in Mission Produce in the 4th quarter valued at approximately $166,000. Institutional investors own 63.57% of the company’s stock.

Insider Buying and Selling

In related news, CFO Bryan E. Giles sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $11.43, for a total value of $40,005.00. Following the completion of the transaction, the chief financial officer owned 131,062 shares of the company’s stock, valued at $1,498,038.66. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 35.41% of the stock is currently owned by insiders.

Mission Produce Price Performance

Shares of NASDAQ:AVO opened at $12.14 on Friday. The company has a market cap of $857.33 million, a price-to-earnings ratio of 24.28 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.98 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $11.35 and a 200 day simple moving average of $11.40. Mission Produce, Inc. has a one year low of $9.56 and a one year high of $15.25.

Mission Produce (NASDAQ:AVO) last issued its quarterly earnings data on Thursday, June 5th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The business had revenue of $380.30 million during the quarter, compared to the consensus estimate of $296.15 million. Mission Produce had a net margin of 2.63% and a return on equity of 7.82%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. Research analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.

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.