Mission Produce, Inc. (NASDAQ:AVO – Get Free Report) Director Bruce Taylor acquired 300,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $11.29 per share, with a total value of $3,387,000.00. Following the acquisition, the director directly owned 455,842 shares of the company’s stock, valued at $5,146,456.18. The trade was a 192.50% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Mission Produce Stock Up 2.8%
AVO opened at $11.71 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 36.59 and a beta of 0.50. Mission Produce, Inc. has a twelve month low of $10.07 and a twelve month high of $15.53. The company’s 50-day moving average price is $12.34 and its two-hundred day moving average price is $12.88.
Mission Produce announced that its board has approved a share repurchase program on Monday, June 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several equities analysts have weighed in on AVO shares. Freedom Capital raised Mission Produce to a “strong-buy” rating in a report on Thursday, March 19th. Wall Street Zen cut Mission Produce from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. UBS Group set a $16.00 price target on Mission Produce in a research note on Wednesday, June 10th. Finally, Weiss Ratings cut Mission Produce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.67.
Read Our Latest Stock Report on AVO
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.
Featured Stories
- Five stocks we like better than Mission Produce
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for Mission Produce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mission Produce and related companies with MarketBeat.com's FREE daily email newsletter.
