Mission Produce (NASDAQ:AVO) Shares Up 4.9% Following Earnings Beat

Posted by Brian Himes on Sep 9th, 2026

Shares of Mission Produce, Inc. (NASDAQ:AVO – Get Free Report) were up 4.9% during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $14.22 and last traded at $13.5030. 500,123 shares changed hands during trading, a decline of 51% from the average daily volume of 1,023,160 shares. The stock had previously closed at $12.87.

The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. The firm had revenue of $450.00 million for the quarter, compared to analyst estimates of $367.57 million. Mission Produce had a net margin of 1.83% and a return on equity of 6.92%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS.

Mission Produce announced that its board has initiated a stock buyback program on Monday, June 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

AVO has been the subject of several research analyst reports. Wall Street Zen downgraded shares of 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 reissued a “hold (c-)” rating on shares of Mission Produce in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mission Produce currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

View Our Latest Stock Analysis on AVO

Insider Transactions at Mission Produce

In other news, Director Jay Pack acquired 40,000 shares of Mission Produce stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $12.10 per share, for a total transaction of $484,000.00. Following the transaction, the director directly owned 579,965 shares of the company’s stock, valued at approximately $7,017,576.50. The trade was a 7.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce Taylor bought 70,283 shares of the stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $11.25 per share, with a total value of $790,683.75. Following the acquisition, the director owned 855,842 shares in the company, valued at approximately $9,628,222.50. This represents a 8.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 3,352,161 shares of company stock worth $42,458,664. Insiders own 30.85% of the company’s stock.

Institutional Trading of Mission Produce

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Mission Produce during the 2nd quarter worth approximately $26,000. Quarry LP bought a new stake in Mission Produce during the 3rd quarter worth approximately $29,000. Leonteq Securities AG acquired a new position in Mission Produce in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP bought a new position in shares of Mission Produce during the second quarter valued at $44,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Mission Produce by 211.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $54,000 after acquiring an additional 3,158 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Price Performance

The stock has a market cap of $1.19 billion, a P/E ratio of 42.13 and a beta of 0.48. The company’s 50 day moving average price is $12.92 and its 200-day moving average price is $12.90. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.22.

Mission Produce Company Profile

(Get 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.