Key Points
- Holdings Venture Globalharvest bought 5,262 shares on Nov. 10 at $12.46 as part of five purchases from Nov. 4–10 totaling 130,811 shares (~$1.55M), bringing its direct stake to 7,245,999 shares (a 0.07% increase).
- Mission Produce trades around $12.39 with a market cap of about $875M and a P/E of 22.94, and analysts have a consensus rating of "Moderate Buy" with a $17 price target.
Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) major shareholder Holdings Venture Globalharvest bought 5,262 shares of the firm's stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average cost of $12.46 per share, with a total value of $65,564.52. Following the completion of the purchase, the insider directly owned 7,245,999 shares of the company's stock, valued at $90,285,147.54. This represents a 0.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 Friday, November 7th, Holdings Venture Globalharvest purchased 3,545 shares of Mission Produce stock. The shares were purchased at an average cost of $12.03 per share, for a total transaction of $42,646.35.
- On Thursday, November 6th, Holdings Venture Globalharvest purchased 72,165 shares of Mission Produce stock. The stock was purchased at an average price of $11.94 per share, with a total value 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 cost of $11.70 per share, with a total value of $9,172.80.
- On Tuesday, November 4th, Holdings Venture Globalharvest bought 49,055 shares of Mission Produce stock. The stock was purchased at an average cost of $11.69 per share, for a total transaction of $573,452.95.
Mission Produce Stock Performance
NASDAQ:AVO traded down $0.40 during mid-day trading on Friday, hitting $12.39. The stock had a trading volume of 348,307 shares, compared to its average volume of 311,156. Mission Produce, Inc. has a twelve month low of $9.56 and a twelve month high of $15.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.30 and a current ratio of 2.04. The stock has a market cap of $874.98 million, a price-to-earnings ratio of 22.94 and a beta of 0.55. The company's 50 day simple moving average is $12.10 and its 200 day simple moving average is $11.86.
Mission Produce (NASDAQ:AVO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share for the quarter. The firm 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%. On average, equities research analysts forecast that Mission Produce, Inc. will post 0.34 earnings per share for the current year.
Institutional Trading of Mission Produce
Large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Mission Produce by 673.8% during the third quarter. GAMMA Investing LLC now owns 2,453 shares of the company's stock worth $29,000 after buying an additional 2,136 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Mission Produce by 123.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company's stock worth $31,000 after acquiring an additional 1,628 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Mission Produce in the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC increased its holdings in Mission Produce by 211.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company's stock worth $54,000 after purchasing an additional 3,158 shares in the last quarter. Finally, AlphaQuest LLC raised its position in Mission Produce by 33.7% in the third quarter. AlphaQuest LLC now owns 4,662 shares of the company's stock valued at $56,000 after purchasing an additional 1,174 shares during the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AVO has been the topic of a number of research analyst reports. Zacks Research cut Mission Produce from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 10th. Roth Capital upped their price objective on shares of Mission Produce from $16.00 to $17.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Stephens started coverage on shares of Mission Produce in a research note on Friday, September 12th. They set an "overweight" rating and a $17.00 target price for the company. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mission Produce in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.
Read Our Latest Stock Report on AVO
Mission Produce Company Profile
(
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.
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