Vanguard Group Inc. Has $30.61 Million Stake in Mission Produce, Inc. $AVO

Vanguard Group Inc. raised its position in shares of Mission Produce, Inc. (NASDAQ:AVO) by 3.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,920,349 shares of the company’s stock after buying an additional 85,984 shares during the period. Vanguard Group Inc. owned about 4.11% of Mission Produce worth $30,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Mission Produce by 123.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company’s stock valued at $31,000 after purchasing an additional 1,628 shares during the last quarter. GAMMA Investing LLC boosted its stake in Mission Produce by 1,255.4% in the first quarter. GAMMA Investing LLC now owns 3,375 shares of the company’s stock valued at $322,000 after acquiring an additional 3,126 shares during the last quarter. Ameriflex Group Inc. bought a new position in Mission Produce in the fourth quarter valued at approximately $57,000. State of Wyoming bought a new position in Mission Produce in the fourth quarter valued at approximately $63,000. Finally, ProShare Advisors LLC bought a new position in shares of Mission Produce during the fourth quarter worth $176,000. 63.57% of the stock is owned by institutional investors.

Insider Transactions at Mission Produce

In other Mission Produce news, CFO Bryan E. Giles sold 3,500 shares of Mission Produce stock in a transaction 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 sale, the chief financial officer directly owned 131,062 shares in the company, valued at approximately $1,498,038.66. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 35.41% of the company’s stock.

Mission Produce Trading Up 0.2%

Shares of NASDAQ AVO opened at $12.48 on Thursday. The company’s fifty day moving average is $12.24 and its 200-day moving average is $11.33. The stock has a market cap of $881.34 million, a price-to-earnings ratio of 24.96 and a beta of 0.57. Mission Produce, Inc. has a twelve month low of $9.56 and a twelve month high of $15.25. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.29.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Mission Produce had a net margin of 2.63% and a return on equity of 7.82%. The company had revenue of $380.30 million for the quarter, compared to analysts’ expectations of $296.15 million. During the same period last year, the firm posted $0.14 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities research analysts predict that Mission Produce, Inc. will post 0.34 EPS for the current year.

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.