Mission Produce, Inc. (NASDAQ:AVO – Get Free Report) CFO Bryan Giles sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $12.13, for a total transaction of $60,650.00. Following the transaction, the chief financial officer owned 146,931 shares of the company’s stock, valued at approximately $1,782,273.03. The trade was a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Mission Produce Trading Down 1.6%
Shares of NASDAQ:AVO traded down $0.20 during trading on Monday, reaching $12.06. The stock had a trading volume of 1,221,106 shares, compared to its average volume of 1,100,504. The firm’s fifty day moving average is $12.20 and its 200 day moving average is $12.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.91. Mission Produce, Inc. has a 52 week low of $10.07 and a 52 week high of $15.53. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 37.69 and a beta of 0.51.
Mission Produce declared that its Board of Directors has authorized a share repurchase program on Monday, June 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 13.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Platform Wealth Management LLC acquired a new stake in Mission Produce in the fourth quarter worth $12,130,000. Quantbot Technologies LP raised its holdings in shares of Mission Produce by 1,889.0% during the third quarter. Quantbot Technologies LP now owns 39,979 shares of the company’s stock valued at $481,000 after purchasing an additional 37,969 shares during the period. Fourth Sail Capital LP bought a new position in shares of Mission Produce during the 4th quarter worth about $725,000. Nuance Investments LLC boosted its position in shares of Mission Produce by 10.7% during the 4th quarter. Nuance Investments LLC now owns 491,807 shares of the company’s stock worth $5,705,000 after purchasing an additional 47,519 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Mission Produce in the 1st quarter valued at about $1,183,000. Institutional investors and hedge funds own 63.57% of the company’s stock.
Mission Produce Company Profile
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.
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