Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Purchases 985,704 Shares

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest acquired 985,704 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average cost of $11.76 per share, with a total value of $11,591,879.04. Following the acquisition, the insider owned 8,837,286 shares of the company’s stock, valued at $103,926,483.36. This trade represents a 12.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, January 8th, Holdings Venture Globalharvest bought 13,683 shares of Mission Produce stock. The shares were acquired at an average cost of $11.96 per share, for a total transaction of $163,648.68.
• On Wednesday, January 7th, Holdings Venture Globalharvest purchased 7,472 shares of Mission Produce stock. The stock was acquired at an average cost 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 shares were acquired at an average cost of $11.60 per share, with a total value of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest acquired 13,679 shares of Mission Produce stock. The shares were acquired at an average price of $11.64 per share, for a total transaction of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest bought 15,365 shares of Mission Produce stock. The stock was bought at an average price of $11.60 per share, with a total value of $178,234.00.
• On Tuesday, December 23rd, Holdings Venture Globalharvest bought 112,505 shares of Mission Produce stock. The shares were bought at an average cost of $11.61 per share, with a total value of $1,306,183.05.
• On Monday, November 10th, Holdings Venture Globalharvest purchased 5,262 shares of Mission Produce stock. The shares were bought at an average price of $12.46 per share, for a total transaction of $65,564.52.
• On Friday, November 7th, Holdings Venture Globalharvest purchased 3,545 shares of Mission Produce stock. The stock was bought at an average cost of $12.03 per share, for a total transaction of $42,646.35.
• On Thursday, November 6th, Holdings Venture Globalharvest acquired 72,165 shares of Mission Produce stock. The shares were bought at an average price 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 bought at an average cost of $11.70 per share, for a total transaction of $9,172.80.

Mission Produce Stock Performance

Shares of AVO opened at $12.55 on Wednesday. Mission Produce, Inc. has a 1 year low of $9.56 and a 1 year high of $14.12. The company has a market cap of $885.65 million, a price-to-earnings ratio of 24.14 and a beta of 0.56. 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 firm has a fifty day moving average of $12.11 and a 200-day moving average of $12.17.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Zacks Research cut Mission Produce from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Mission Produce in a report on Wednesday, October 8th. Finally, Lake Street Capital restated a “buy” rating on shares of Mission Produce in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC raised its position in Mission Produce by 1.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 100,025 shares of the company’s stock valued at $1,160,000 after buying an additional 958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Mission Produce by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,825 shares of the company’s stock worth $271,000 after acquiring an additional 1,092 shares during the period. AlphaQuest LLC grew its stake in Mission Produce by 33.7% during the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company’s stock valued at $56,000 after acquiring an additional 1,174 shares in the last quarter. Magnetar Financial LLC grew its stake in Mission Produce by 12.6% during the 3rd quarter. Magnetar Financial LLC now owns 12,106 shares of the company’s stock valued at $146,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Mission Produce by 12.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,375 shares of the company’s stock valued at $185,000 after purchasing an additional 1,667 shares during the period. Institutional investors own 63.57% of the company’s stock.

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.