Legal & General Group Plc Acquires Shares of 47,068 Mission Produce, Inc. $AVO

Posted by Geri Gentry on Sep 9th, 2026

Legal & General Group Plc bought a new position in shares of Mission Produce, Inc. (NASDAQ:AVO – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 47,068 shares of the company’s stock, valued at approximately $555,000. Legal & General Group Plc owned about 0.05% of Mission Produce at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AVO. AQR Capital Management LLC lifted its position in Mission Produce by 228.4% during the first quarter. AQR Capital Management LLC now owns 95,816 shares of the company’s stock worth $1,004,000 after buying an additional 66,640 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Mission Produce by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,825 shares of the company’s stock valued at $271,000 after buying an additional 1,092 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Mission Produce by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,304 shares of the company’s stock valued at $1,711,000 after buying an additional 15,076 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Mission Produce by 179.7% in the 1st quarter. Jane Street Group LLC now owns 65,813 shares of the company’s stock worth $690,000 after acquiring an additional 42,284 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Mission Produce in the 1st quarter worth $581,000. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Mission Produce Stock Performance

NASDAQ AVO opened at $12.87 on Wednesday. The stock has a fifty day simple moving average of $12.92 and a 200-day simple moving average of $12.90. The company has a current ratio of 1.91, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.14 billion, a PE ratio of 40.22 and a beta of 0.48. Mission Produce, Inc. has a twelve month low of $10.07 and a twelve month high of $15.53.

Mission Produce (NASDAQ:AVO – Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. Mission Produce had a net margin of 1.83% and a return on equity of 6.92%. The firm had revenue of $450.00 million for the quarter, compared to analyst estimates of $367.57 million. During the same period in the previous year, the firm earned $0.26 EPS. Mission Produce’s revenue was up 25.8% on a year-over-year basis. Equities analysts anticipate that Mission Produce, Inc. will post 0.52 earnings per share for the current year.

Mission Produce declared that its board has approved a share repurchase program on Monday, June 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 13.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Key Mission Produce News

Here are the key news stories impacting Mission Produce this week:

Positive Sentiment: Fiscal Q3 revenue rose 25.8% year over year to $450 million, well above the approximately $367.6 million analyst consensus. Management attributed the performance in part to strong avocado demand. Mission Produce fiscal 2026 third-quarter financial results
Positive Sentiment: Adjusted earnings were $0.18 per share, beating the $0.12 consensus estimate by $0.06. The earnings beat reinforces the company’s ability to convert higher sales into profitability despite ongoing agricultural and distribution costs. Mission Produce Q3 earnings and revenues top estimates
Positive Sentiment: Mission Produce raised its expected annualized synergies from the Calavo integration to more than $30 million, potentially supporting future margins and earnings. The company also reaffirmed its second-half fiscal 2026 guidance. Mission Produce exceeds expectations with strong third-quarter results
Positive Sentiment: Expected record avocado production in Peru could provide additional volume and farming contributions in fiscal 2026, potentially improving supply availability and margins in the fourth quarter. Will higher Peru output strengthen Mission Produce’s outlook?
Negative Sentiment: Although revenue increased sharply, quarterly EPS declined from $0.26 in the prior-year period to $0.18, while the reported net margin remained thin at 1.83%. This highlights continued pressure on profitability and leaves execution of the synergy and farming initiatives important for further upside. Mission Produce Q3 2026 earnings call transcript

Insider Activity at Mission Produce

In other news, CFO Bryan E. Giles sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $12.13, for a total value of $60,650.00. Following the transaction, the chief financial officer directly owned 146,931 shares in the company, valued at approximately $1,782,273.03. This represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holdings Venture Globalharvest acquired 592,957 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were bought at an average cost of $13.28 per share, with a total value of $7,874,468.96. Following the transaction, the insider directly owned 12,963,396 shares in the company, valued at $172,153,898.88. This trade represents a 4.79% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 3,352,161 shares of company stock valued at $42,458,664 in the last ninety days. Insiders own 30.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AVO. UBS Group set a $16.00 price target on shares of Mission Produce in a research report on Wednesday, June 10th. Wall Street Zen cut shares of Mission Produce from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mission Produce in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.50.

Check Out Our Latest Stock Analysis on AVO

Mission Produce Company Profile

(Free Report)

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.