Teacher Retirement System of Texas Has $1.19 Million Stock Holdings in Mission Produce, Inc. $AVO

Teacher Retirement System of Texas decreased its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 16.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,111 shares of the company’s stock after selling 20,000 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of Mission Produce worth $1,185,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Mission Produce by 123.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company’s stock worth $31,000 after purchasing an additional 1,628 shares in the last quarter. KLP Kapitalforvaltning AS increased its position in shares of Mission Produce by 57.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,400 shares of the company’s stock worth $145,000 after purchasing an additional 4,500 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mission Produce during the 1st quarter worth about $144,000. AlphaQuest LLC increased its position in shares of Mission Produce by 1,513,200.0% during the 1st quarter. AlphaQuest LLC now owns 15,133 shares of the company’s stock worth $159,000 after purchasing an additional 15,132 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mission Produce by 35.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,964 shares of the company’s stock worth $178,000 after purchasing an additional 4,466 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Mission Produce from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Stephens started coverage on shares of Mission Produce in a report on Friday, September 12th. They set an “overweight” rating and a $17.00 price objective on the stock. Finally, Roth Capital increased their price objective on shares of Mission Produce from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

Mission Produce Stock Up 0.3%

Shares of NASDAQ AVO opened at $11.84 on Thursday. The firm has a market capitalization of $836.14 million, a PE ratio of 21.93 and a beta of 0.55. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. Mission Produce, Inc. has a 1 year low of $9.56 and a 1 year high of $15.25. The firm’s 50-day moving average is $12.11 and its 200-day moving average is $11.78.

Mission Produce (NASDAQ:AVO) last issued its earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $261.40 million for the quarter. Mission Produce had a net margin of 2.73% and a return on equity of 7.89%. Equities analysts expect that Mission Produce, Inc. will post 0.34 EPS for the current 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.