Raymond James & Associates Acquires 13,880 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Raymond James & Associates boosted its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,428 shares of the company’s stock after buying an additional 13,880 shares during the quarter. Raymond James & Associates’ holdings in Mission Produce were worth $2,030,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Mission Produce during the third quarter valued at approximately $389,000. Stephens Investment Management Group LLC lifted its holdings in Mission Produce by 6.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,339,957 shares of the company’s stock valued at $24,628,000 after purchasing an additional 82,508 shares in the last quarter. Davy Global Fund Management Ltd lifted its holdings in Mission Produce by 18.0% during the third quarter. Davy Global Fund Management Ltd now owns 343,482 shares of the company’s stock valued at $6,313,000 after purchasing an additional 52,334 shares in the last quarter. Morgan Stanley lifted its holdings in Mission Produce by 256.5% during the second quarter. Morgan Stanley now owns 182,325 shares of the company’s stock valued at $3,775,000 after purchasing an additional 131,185 shares in the last quarter. Finally, X Square Capital LLC lifted its holdings in Mission Produce by 4.9% during the second quarter. X Square Capital LLC now owns 101,050 shares of the company’s stock valued at $2,088,000 after purchasing an additional 4,728 shares in the last quarter. 21.91% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. TheStreet downgraded shares of Mission Produce from a “c-” rating to a “d+” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Mission Produce from a “hold” rating to a “sell” rating in a report on Tuesday, December 28th. Citigroup lowered their target price on shares of Mission Produce from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, December 21st. Finally, Stephens lowered their target price on shares of Mission Produce from $25.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, December 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Mission Produce presently has an average rating of “Hold” and a consensus target price of $21.67.

Mission Produce stock opened at $13.86 on Friday. The company has a market cap of $978.96 million, a price-to-earnings ratio of 22.00, a PEG ratio of 1.08 and a beta of 0.14. The firm’s fifty day moving average is $17.59 and its 200 day moving average is $18.85. The company has a quick ratio of 2.23, a current ratio of 2.77 and a debt-to-equity ratio of 0.29. Mission Produce, Inc. has a 52-week low of $13.77 and a 52-week high of $22.93.

Mission Produce (NASDAQ:AVO) last released its quarterly earnings results on Wednesday, December 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.06). The business had revenue of $237.00 million for the quarter, compared to analysts’ expectations of $264.09 million. Mission Produce had a net margin of 5.04% and a return on equity of 10.38%. Mission Produce’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, equities research analysts anticipate that Mission Produce, Inc. will post 0.83 earnings per share for the current fiscal year.

Mission Produce Company Profile

Mission Produce, Inc engages in sourcing, producing, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.

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Institutional Ownership by Quarter for Mission Produce (NASDAQ:AVO)

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