Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells $958,318.20 in Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 72,054 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $13.30, for a total value of $958,318.20. Following the sale, the director now owns 384,823 shares in the company, valued at approximately $5,118,145.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mission Produce Stock Performance

Shares of Mission Produce stock opened at $13.30 on Friday. The stock’s fifty day moving average is $11.10 and its two-hundred day moving average is $11.22. The company has a market capitalization of $943.10 million, a PE ratio of 53.20 and a beta of 0.47. The company has a quick ratio of 1.49, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. Mission Produce, Inc. has a 52 week low of $8.19 and a 52 week high of $13.62.

Hedge Funds Weigh In On Mission Produce

Several hedge funds have recently bought and sold shares of AVO. Vanguard Group Inc. grew its position in shares of Mission Produce by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,831,250 shares of the company’s stock worth $33,607,000 after buying an additional 29,822 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mission Produce by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock worth $13,113,000 after buying an additional 266,489 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Mission Produce by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,038 shares of the company’s stock worth $6,640,000 after buying an additional 59,983 shares in the last quarter. Buckingham Strategic Partners LLC bought a new position in shares of Mission Produce during the 4th quarter worth $3,952,000. Finally, Marshall Wace LLP grew its position in shares of Mission Produce by 202.1% during the 2nd quarter. Marshall Wace LLP now owns 215,047 shares of the company’s stock worth $2,125,000 after buying an additional 143,858 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AVO shares. Roth Mkm increased their price target on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Mission Produce in a research report on Tuesday, September 10th.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.