Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Acquires 237,270 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest purchased 237,270 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were bought at an average cost of $12.92 per share, for a total transaction of $3,065,528.40. Following the completion of the acquisition, the insider directly owned 9,698,858 shares in the company, valued at $125,309,245.36. The trade was a 2.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, January 22nd, Holdings Venture Globalharvest acquired 71,750 shares of Mission Produce stock. The stock was bought at an average cost of $13.80 per share, with a total value of $990,150.00.
• On Tuesday, January 20th, Holdings Venture Globalharvest bought 300,000 shares of Mission Produce stock. The stock was bought at an average price of $12.50 per share, for a total transaction of $3,750,000.00.
• On Friday, January 16th, Holdings Venture Globalharvest bought 324,295 shares of Mission Produce stock. The shares were bought at an average cost of $12.37 per share, for a total transaction of $4,011,529.15.
• On Thursday, January 15th, Holdings Venture Globalharvest purchased 985,704 shares of Mission Produce stock. The stock was purchased at an average price of $11.76 per share, with a total value of $11,591,879.04.
• On Thursday, January 8th, Holdings Venture Globalharvest acquired 13,683 shares of Mission Produce stock. The shares were purchased at an average cost of $11.96 per share, for a total transaction of $163,648.68.
• On Wednesday, January 7th, Holdings Venture Globalharvest acquired 7,472 shares of Mission Produce stock. The shares were purchased at an average price of $11.61 per share, for a total transaction of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest bought 59,761 shares of Mission Produce stock. The stock was purchased at an average cost of $11.60 per share, with a total value of $693,227.60.
• On Friday, December 26th, Holdings Venture Globalharvest purchased 13,679 shares of Mission Produce stock. The shares were purchased at an average cost of $11.64 per share, for a total transaction of $159,223.56.
• On Wednesday, December 24th, Holdings Venture Globalharvest purchased 15,365 shares of Mission Produce stock. The shares were 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 acquired 112,505 shares of Mission Produce stock. The stock was purchased at an average cost of $11.61 per share, with a total value of $1,306,183.05.

Mission Produce Stock Up 0.8%

NASDAQ:AVO opened at $13.57 on Tuesday. The firm’s 50 day simple moving average is $12.19 and its 200 day simple moving average is $12.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.35. Mission Produce, Inc. has a one year low of $9.56 and a one year high of $14.23. The company has a market cap of $957.63 million, a PE ratio of 26.10 and a beta of 0.56.

Mission Produce (NASDAQ:AVO) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $319.00 million during 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 company’s revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. On average, research analysts anticipate that Mission Produce, Inc. will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On Mission Produce

A number of hedge funds have recently added to or reduced their stakes in AVO. Invesco Ltd. boosted its holdings in shares of Mission Produce by 287.6% during the 2nd quarter. Invesco Ltd. now owns 360,863 shares of the company’s stock worth $4,229,000 after buying an additional 267,752 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Mission Produce by 174.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 366,957 shares of the company’s stock worth $4,411,000 after acquiring an additional 233,447 shares in the last quarter. American Century Companies Inc. grew its holdings in Mission Produce by 28.6% in the second quarter. American Century Companies Inc. now owns 861,139 shares of the company’s stock worth $10,093,000 after purchasing an additional 191,405 shares during the period. Dimensional Fund Advisors LP increased its stake in Mission Produce by 6.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,570,868 shares of the company’s stock valued at $30,901,000 after purchasing an additional 159,726 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Mission Produce by 11.7% in the second quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company’s stock valued at $13,869,000 after purchasing an additional 123,678 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on AVO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mission Produce in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Mission Produce from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Lake Street Capital restated a “buy” rating on shares of Mission Produce in a report on Thursday, January 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.