Mission Produce (NASDAQ:AVO) Major Shareholder Holdings Venture Globalharvest Buys 71,750 Shares

Mission Produce, Inc. (NASDAQ:AVO) major shareholder Holdings Venture Globalharvest purchased 71,750 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was acquired at an average cost of $13.80 per share, with a total value of $990,150.00. Following the completion of the acquisition, the insider directly owned 9,770,608 shares in the company, valued at $134,834,390.40. The trade was a 0.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Wednesday, January 21st, Holdings Venture Globalharvest bought 237,270 shares of Mission Produce stock. The stock was acquired at an average price of $12.92 per share, for a total transaction of $3,065,528.40.
• On Tuesday, January 20th, Holdings Venture Globalharvest bought 300,000 shares of Mission Produce stock. The shares were acquired at an average cost of $12.50 per share, with a total value of $3,750,000.00.
• On Friday, January 16th, Holdings Venture Globalharvest bought 324,295 shares of Mission Produce stock. The shares were acquired at an average price of $12.37 per share, with a total value of $4,011,529.15.
• On Thursday, January 15th, Holdings Venture Globalharvest purchased 985,704 shares of Mission Produce stock. The stock was bought at an average cost of $11.76 per share, for a total transaction of $11,591,879.04.
• On Thursday, January 8th, Holdings Venture Globalharvest acquired 13,683 shares of Mission Produce stock. The shares were bought at an average price of $11.96 per share, with a total value of $163,648.68.
• On Wednesday, January 7th, Holdings Venture Globalharvest acquired 7,472 shares of Mission Produce stock. The shares were bought at an average cost of $11.61 per share, with a total value of $86,749.92.
• On Monday, December 29th, Holdings Venture Globalharvest bought 59,761 shares of Mission Produce stock. The stock was bought at an average price 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 bought 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 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 purchased 112,505 shares of Mission Produce stock. The stock was bought at an average cost of $11.61 per share, for a total transaction of $1,306,183.05.

Mission Produce Price Performance

AVO stock opened at $13.57 on Tuesday. Mission Produce, Inc. has a one year low of $9.56 and a one year high of $14.23. The firm has a 50-day moving average of $12.19 and a two-hundred day moving average of $12.20. The firm has a market capitalization of $957.63 million, a PE ratio of 26.10 and a beta of 0.56. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Mission Produce (NASDAQ:AVO) last released its earnings results on Thursday, December 18th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The firm had revenue of $319.00 million during the quarter, compared to analysts’ expectations of $301.60 million. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue was down 10.0% on a year-over-year basis. On average, analysts forecast 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 a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Mission Produce in a report on Wednesday, January 21st. Zacks Research lowered 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 research report on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Mission Produce presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Inflows and Outflows

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