Goldman Sachs Group Inc. Cuts Stake in Mission Produce, Inc. $AVO

Goldman Sachs Group Inc. decreased its stake in Mission Produce, Inc. (NASDAQ:AVO) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,358 shares of the company’s stock after selling 124,253 shares during the period. Goldman Sachs Group Inc. owned approximately 0.61% of Mission Produce worth $4,479,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Millennium Management LLC lifted its position in Mission Produce by 153.3% during the 4th quarter. Millennium Management LLC now owns 453,757 shares of the company’s stock worth $6,520,000 after acquiring an additional 274,591 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Mission Produce by 38.1% during the first quarter. American Century Companies Inc. now owns 669,734 shares of the company’s stock valued at $7,019,000 after purchasing an additional 184,639 shares during the period. Algert Global LLC raised its stake in shares of Mission Produce by 221.5% during the first quarter. Algert Global LLC now owns 251,784 shares of the company’s stock valued at $2,639,000 after purchasing an additional 173,472 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Mission Produce during the first quarter worth $1,339,000. Finally, Nuveen LLC acquired a new position in shares of Mission Produce during the first quarter worth $1,137,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Stock Down 0.8%

Shares of Mission Produce stock opened at $12.79 on Thursday. The business has a 50-day moving average price of $12.40 and a 200 day moving average price of $11.39. Mission Produce, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $15.25. The firm has a market cap of $903.23 million, a P/E ratio of 23.69 and a beta of 0.57. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AVO shares. Roth Capital raised their price target on shares of Mission Produce from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Zacks Research cut shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Stephens initiated coverage on Mission Produce in a research note on Friday, September 12th. They set an “overweight” rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Mission Produce has a consensus rating of “Moderate Buy” and an average target price of $17.00.

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.