Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez Sells 34,617 Shares

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 34,617 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $11.37, for a total value of $393,595.29. Following the completion of the transaction, the director now directly owns 7,533,506 shares in the company, valued at $85,655,963.22. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Mission Produce Price Performance

Shares of AVO traded down $0.15 on Wednesday, hitting $11.23. The company’s stock had a trading volume of 171,828 shares, compared to its average volume of 181,714. The company has a market capitalization of $795.65 million, a PE ratio of 140.38 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.27 and a quick ratio of 1.47. Mission Produce, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $13.99. The company has a 50 day moving average price of $11.31 and a 200 day moving average price of $10.19.

Mission Produce (NASDAQ:AVO) last announced its earnings results on Monday, March 11th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $188.40 million. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. On average, research analysts anticipate that Mission Produce, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in Mission Produce by 5.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,979 shares of the company’s stock worth $184,000 after buying an additional 1,060 shares in the last quarter. Mariner LLC lifted its holdings in Mission Produce by 0.9% during the 3rd quarter. Mariner LLC now owns 126,466 shares of the company’s stock worth $1,224,000 after buying an additional 1,153 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Mission Produce by 68.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after buying an additional 1,576 shares in the last quarter. Swiss National Bank lifted its holdings in Mission Produce by 2.0% during the 3rd quarter. Swiss National Bank now owns 93,300 shares of the company’s stock worth $903,000 after buying an additional 1,800 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Mission Produce by 1.2% in the 3rd quarter. Federated Hermes Inc. now owns 168,553 shares of the company’s stock valued at $1,632,000 after purchasing an additional 2,008 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.