Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 22,000 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $13.41, for a total value of $295,020.00. Following the sale, the director now directly owns 1,115,160 shares in the company, valued at $14,954,295.60. The sale was disclosed in a filing with the SEC, which is available through this link.

Mission Produce Price Performance

Shares of Mission Produce stock opened at $13.30 on Friday. The stock has a market cap of $943.10 million, a price-to-earnings ratio of 53.20 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.02. The stock has a 50 day moving average price of $11.10 and a 200-day moving average price of $11.22. Mission Produce, Inc. has a one year low of $8.19 and a one year high of $13.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in shares of Mission Produce during the 2nd quarter worth about $53,000. Cubist Systematic Strategies LLC bought a new stake in Mission Produce in the second quarter worth about $108,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Mission Produce during the second quarter valued at approximately $73,000. Point72 Asset Management L.P. bought a new position in shares of Mission Produce during the second quarter valued at approximately $53,000. Finally, Marshall Wace LLP raised its holdings in shares of Mission Produce by 202.1% in the second 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 during the period. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mission Produce Company Profile

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.