Holdings Venture Globalharvest Buys 13,683 Shares of Mission Produce (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest bought 13,683 shares of Mission Produce stock in a transaction that occurred on Thursday, January 8th. The stock was bought at an average price of $11.96 per share, for a total transaction of $163,648.68. Following the completion of the acquisition, the insider directly owned 7,850,900 shares of the company’s stock, valued at $93,896,764. The trade was a 0.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Holdings Venture Globalharvest also recently made the following trade(s):

• On Wednesday, January 7th, Holdings Venture Globalharvest purchased 7,472 shares of Mission Produce stock. The shares were purchased at an average price of $11.61 per share, with a total value of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest acquired 59,761 shares of Mission Produce stock. The stock was purchased at an average cost of $11.60 per share, for a total transaction of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest bought 13,679 shares of Mission Produce stock. The shares were purchased at an average cost of $11.64 per share, with a total value of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest bought 15,365 shares of Mission Produce stock. The stock was purchased at an average price of $11.60 per share, for a total transaction of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest purchased 112,505 shares of Mission Produce stock. The shares were acquired at an average price of $11.61 per share, with a total value of $1,306,183.05.
• On Monday, November 10th, Holdings Venture Globalharvest acquired 5,262 shares of Mission Produce stock. The stock was acquired at an average cost of $12.46 per share, with a total value of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest acquired 3,545 shares of Mission Produce stock. The stock was acquired at an average cost of $12.03 per share, for a total transaction of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest bought 72,165 shares of Mission Produce stock. The shares were acquired at an average cost of $11.94 per share, with a total value of $861,650.10.
• On Wednesday, November 5th, Holdings Venture Globalharvest bought 784 shares of Mission Produce stock. The stock was acquired at an average price of $11.70 per share, with a total value of $9,172.80.
• On Tuesday, November 4th, Holdings Venture Globalharvest purchased 49,055 shares of Mission Produce stock. The stock was acquired at an average cost of $11.69 per share, for a total transaction of $573,452.95.

Mission Produce Price Performance

Mission Produce stock opened at $12.21 on Friday. The stock has a market capitalization of $861.66 million, a price-to-earnings ratio of 23.48 and a beta of 0.56. Mission Produce, Inc. has a 52-week low of $9.56 and a 52-week high of $14.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.95. The stock’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $12.14.

Mission Produce (NASDAQ:AVO) last released its earnings results on Thursday, December 18th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $319.00 million for the quarter, compared to analyst estimates of $301.60 million. Mission Produce had a net margin of 2.71% and a return on equity of 8.18%. The firm’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, equities analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AVO has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, October 8th. Zacks Research cut Mission Produce from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Trading of Mission Produce

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Mission Produce during the third quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Mission Produce by 673.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,453 shares of the company’s stock valued at $29,000 after acquiring an additional 2,136 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Mission Produce during the 3rd quarter worth $33,000. Tower Research Capital LLC TRC boosted its holdings in Mission Produce by 211.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $54,000 after acquiring an additional 3,158 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Mission Produce by 33.7% in the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock worth $56,000 after acquiring an additional 1,174 shares in the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

Mission Produce Company Profile

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.