Mission Produce, Inc. (NASDAQ:AVO – Get Free Report) Director Luis Gonzalez bought 22,026 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were purchased at an average cost of $11.22 per share, with a total value of $247,131.72. Following the completion of the transaction, the director owned 7,026,165 shares in the company, valued at $78,833,571.30. This represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mission Produce Price Performance
Shares of AVO stock opened at $12.08 on Friday. Mission Produce, Inc. has a twelve month low of $10.07 and a twelve month high of $15.53. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 402.80 and a beta of 0.43. The stock has a fifty day simple moving average of $12.76 and a two-hundred day simple moving average of $12.73. The company has a current ratio of 1.92, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52.
Mission Produce (NASDAQ:AVO – Get Free Report) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $450.00 million for the quarter, compared to the consensus estimate of $367.57 million. Mission Produce had a return on equity of 5.91% and a net margin of 0.12%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. On average, analysts predict that Mission Produce, Inc. will post 0.61 EPS for the current fiscal year.
Institutional Trading of Mission Produce
A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Mission Produce during the second quarter worth $26,000. Quantbot Technologies LP bought a new stake in Mission Produce during the 2nd quarter valued at $44,000. Virtus Advisers LLC bought a new stake in Mission Produce during the 2nd quarter valued at $106,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Mission Produce in the 2nd quarter valued at $140,000. Finally, Amundi purchased a new position in shares of Mission Produce in the 1st quarter valued at $192,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on AVO shares. Stephens reaffirmed an “overweight” rating and issued a $15.00 price objective on shares of Mission Produce in a research note on Friday, October 9th. Roth Capital reissued a “buy” rating and set a $17.00 target price on shares of Mission Produce in a research report on Thursday, September 10th. Weiss Ratings upgraded shares of Mission Produce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Mission Produce from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Mission Produce has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.
Check Out Our Latest Analysis on Mission Produce
About Mission Produce
Mission Produce, Inc is a global avocado sourcing, distribution and marketing company headquartered in Oxnard, California. The company supplies fresh avocados to retailers, foodservice operators, wholesalers and other customers, managing activities that include procurement, quality control, ripening, packaging and distribution.
Mission Produce sources avocados from growing regions in North and South America and other international markets. Its operations are supported by ripening and distribution facilities designed to provide customers with avocados at different stages of readiness.
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