Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles Sells 3,500 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.43, for a total transaction of $40,005.00. Following the transaction, the chief financial officer now owns 131,062 shares of the company’s stock, valued at $1,498,038.66. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mission Produce Price Performance

Shares of NASDAQ:AVO opened at $11.50 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87. The business’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $11.57. The stock has a market cap of $817.33 million, a PE ratio of 22.55 and a beta of 0.56. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25.

Mission Produce (NASDAQ:AVO) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Mission Produce had a return on equity of 8.48% and a net margin of 2.97%. The firm had revenue of $380.30 million during the quarter, compared to analysts’ expectations of $296.15 million. During the same quarter last year, the business posted $0.14 EPS. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, analysts forecast that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Mission Produce

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Mission Produce by 123.1% in the first quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company’s stock valued at $31,000 after buying an additional 1,628 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Mission Produce in the 4th quarter worth approximately $57,000. Ameriflex Group Inc. acquired a new position in Mission Produce in the 4th quarter valued at $57,000. State of Wyoming purchased a new position in shares of Mission Produce during the 4th quarter worth $63,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Mission Produce during the 4th quarter worth $114,000. 63.57% of the stock is owned by institutional investors and hedge funds.

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.