Mission Produce, Inc. $AVO Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Mission Produce, Inc. (NASDAQ:AVO) by 1,889.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,979 shares of the company’s stock after buying an additional 37,969 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Mission Produce worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Invesco Ltd. boosted its stake in Mission Produce by 287.6% during the second quarter. Invesco Ltd. now owns 360,863 shares of the company’s stock worth $4,229,000 after buying an additional 267,752 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Mission Produce by 28.6% during the 2nd quarter. American Century Companies Inc. now owns 861,139 shares of the company’s stock worth $10,093,000 after acquiring an additional 191,405 shares during the period. Geode Capital Management LLC boosted its position in shares of Mission Produce by 11.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company’s stock valued at $13,869,000 after acquiring an additional 123,678 shares during the last quarter. Man Group plc grew its holdings in shares of Mission Produce by 105.5% in the second quarter. Man Group plc now owns 169,505 shares of the company’s stock valued at $1,987,000 after purchasing an additional 87,011 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of Mission Produce by 69.9% in the second quarter. Lazard Asset Management LLC now owns 187,970 shares of the company’s stock valued at $2,203,000 after purchasing an additional 77,327 shares during the period. Hedge funds and other institutional investors own 63.57% of the company’s stock.

Insider Activity

In related news, major shareholder Holdings Venture Globalharvest acquired 985,704 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was bought at an average price of $11.76 per share, for a total transaction of $11,591,879.04. Following the completion of the purchase, the insider directly owned 8,837,286 shares of the company’s stock, valued at approximately $103,926,483.36. The trade was a 12.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 2,141,484 shares of company stock valued at $25,996,353. Corporate insiders own 30.85% of the company’s stock.

Mission Produce Price Performance

Shares of AVO opened at $13.72 on Tuesday. The company has a market cap of $972.06 million, a P/E ratio of 26.39 and a beta of 0.60. Mission Produce, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $15.02. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $13.33 and its 200 day moving average price is $12.57.

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 during the quarter, compared to analysts’ expectations 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 for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. On average, research analysts forecast that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About Mission Produce

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.