Key Points
- Holdings Venture Globalharvest bought 3,545 shares on Nov 7 at an average $12.03, taking its total to 7,240,737 shares; combined with Nov 4–6 purchases the insider acquired about 125,549 shares for ~$1.49 million during the week.
- Mission Produce (AVO) shares opened at $12.59 (trading up ~1.9%), the company has a market cap of roughly $889 million and a P/E of 23.3, and analysts’ consensus rating is Buy with an average $17 price target.
- In the most recent quarter Mission Produce reported $0.15 EPS on $261.4 million revenue with a 2.73% net margin, and analysts forecast about 0.34 EPS for the current year.
Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) major shareholder Holdings Venture Globalharvest purchased 3,545 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $12.03 per share, with a total value of $42,646.35. Following the acquisition, the insider owned 7,240,737 shares of the company's stock, valued at $87,106,066.11. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Holdings Venture Globalharvest also recently made the following trade(s):
- On Thursday, November 6th, Holdings Venture Globalharvest acquired 72,165 shares of Mission Produce stock. The shares were purchased at an average cost of $11.94 per share, for a total transaction of $861,650.10.
- On Wednesday, November 5th, Holdings Venture Globalharvest acquired 784 shares of Mission Produce stock. The stock was purchased at an average price of $11.70 per share, for a total transaction of $9,172.80.
- On Tuesday, November 4th, Holdings Venture Globalharvest bought 49,055 shares of Mission Produce stock. The shares were purchased at an average price of $11.69 per share, with a total value of $573,452.95.
Mission Produce Trading Up 1.9%
Shares of AVO opened at $12.59 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 0.25. Mission Produce, Inc. has a 12-month low of $9.56 and a 12-month high of $15.25. The firm has a market capitalization of $889.11 million, a PE ratio of 23.31 and a beta of 0.56. The stock's fifty day simple moving average is $12.09 and its 200-day simple moving average is $11.82.
Mission Produce (NASDAQ:AVO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $261.40 million for the quarter. Mission Produce had a return on equity of 7.89% and a net margin of 2.73%. As a group, research analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current year.
Hedge Funds Weigh In On Mission Produce
Several institutional investors and hedge funds have recently made changes to their positions in AVO. GAMMA Investing LLC raised its stake in Mission Produce by 673.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,453 shares of the company's stock worth $29,000 after buying an additional 2,136 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Mission Produce in the third quarter worth about $33,000. PNC Financial Services Group Inc. raised its position in shares of Mission Produce by 123.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company's stock worth $31,000 after purchasing an additional 1,628 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Mission Produce by 211.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company's stock valued at $54,000 after purchasing an additional 3,158 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of Mission Produce by 33.7% during the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company's stock valued at $56,000 after purchasing an additional 1,174 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Stephens initiated coverage on shares of Mission Produce in a research report on Friday, September 12th. They set an "overweight" rating and a $17.00 price target for the company. Zacks Research upgraded shares of Mission Produce from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Weiss Ratings restated a "hold (c)" rating on shares of Mission Produce in a research report on Wednesday, October 8th. Finally, Roth Capital upped their price objective on Mission Produce from $16.00 to $17.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $17.00.
Check Out Our Latest Research Report on AVO
About Mission Produce
(
Get Free Report)
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.
Further Reading
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