Key Points
- Holdings Venture Globalharvest (a >10% owner) bought 13,679 AVO shares on Dec. 26 at $11.64 and accumulated roughly ~227,310 shares across Dec. 23–29, spending about $2.34M and boosting its stake to ~7.47M shares (≈$86–$87M value).
- Mission Produce reported Q results with EPS $0.22 (missed by $0.01) and revenue $319M (beat expectations), though revenue was down about 10% year‑over‑year.
- Analyst coverage is mixed—two Buy and two Hold—yielding a consensus rating of "Moderate Buy" and a consensus target price of $17.00.
Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) major shareholder Holdings Venture Globalharvest bought 13,679 shares of Mission Produce stock in a transaction on Friday, December 26th. The shares were purchased at an average cost of $11.64 per share, with a total value of $159,223.56. Following the acquisition, the insider directly owned 7,413,462 shares of the company's stock, valued at approximately $86,292,697.68. The trade was a 0.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Holdings Venture Globalharvest also recently made the following trade(s):
- On Monday, December 29th, Holdings Venture Globalharvest purchased 59,761 shares of Mission Produce stock. The stock was purchased at an average cost of $11.60 per share, for a total transaction of $693,227.60.
- On Wednesday, December 24th, Holdings Venture Globalharvest purchased 15,365 shares of Mission Produce stock. The shares were purchased at an average price of $11.60 per share, with a total value of $178,234.00.
- On Tuesday, December 23rd, Holdings Venture Globalharvest acquired 112,505 shares of Mission Produce stock. The stock was purchased at an average cost of $11.61 per share, with a total value of $1,306,183.05.
- On Monday, November 10th, Holdings Venture Globalharvest acquired 5,262 shares of Mission Produce stock. The stock was purchased at an average price of $12.46 per share, for a total transaction of $65,564.52.
- On Friday, November 7th, Holdings Venture Globalharvest bought 3,545 shares of Mission Produce stock. The shares were acquired at an average cost of $12.03 per share, for a total transaction of $42,646.35.
- On Thursday, November 6th, Holdings Venture Globalharvest bought 72,165 shares of Mission Produce stock. The shares were acquired at an average cost of $11.94 per share, with a total value of $861,650.10.
- On Wednesday, November 5th, Holdings Venture Globalharvest bought 784 shares of Mission Produce stock. The stock was acquired at an average price of $11.70 per share, with a total value of $9,172.80.
- On Tuesday, November 4th, Holdings Venture Globalharvest purchased 49,055 shares of Mission Produce stock. The stock was acquired at an average cost of $11.69 per share, for a total transaction of $573,452.95.
Mission Produce Stock Performance
AVO opened at $11.60 on Wednesday. Mission Produce, Inc. has a twelve month low of $9.56 and a twelve month high of $14.50. The firm has a market capitalization of $818.61 million, a PE ratio of 22.31 and a beta of 0.58. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The firm's 50-day moving average price is $12.04 and its 200 day moving average price is $12.17.
Mission Produce (NASDAQ:AVO - Get Free Report) last released its earnings results on Thursday, December 18th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The business had revenue of $319.00 million during the quarter, compared to analysts' expectations of $301.60 million. Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The company's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. As a group, sell-side analysts expect that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have issued reports on AVO shares. Zacks Research downgraded Mission Produce from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 10th. 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 objective for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Mission Produce in a report on Wednesday, October 8th. Finally, Roth Capital increased their price target on shares of Mission Produce from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Mission Produce has an average rating of "Moderate Buy" and a consensus target price of $17.00.
Read Our Latest Report on Mission Produce
More Mission Produce News
Here are the key news stories impacting Mission Produce this week:
- Positive Sentiment: Major shareholder Holdings Venture Globalharvest accumulated ~227,310 AVO shares across Dec. 23–29 (~112,505 on Dec. 23, plus smaller buys on Dec. 24, 26 and 29), spending roughly $2.34M in total and boosting its stake to ~7.47M shares (about $86.7M value). This repeated buying by a >10% owner is a bullish signal for investor confidence. Investing.com: Globalharvest buys Mission Produce shares SEC Form 4
- Neutral Sentiment: Analyst/industry commentary highlights Mission Produce's push to scale its mango business and develop more consistent, year‑round supply through diversified sourcing and logistics — a potential mid‑to‑long‑term growth driver if execution succeeds, but it’s speculative and will take time to materially affect revenue. Zacks: Mango Momentum Builds
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of AVO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Mission Produce by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,825 shares of the company's stock worth $271,000 after buying an additional 1,092 shares during the period. AlphaQuest LLC lifted its holdings in shares of Mission Produce by 33.7% in the 3rd quarter. AlphaQuest LLC now owns 4,662 shares of the company's stock worth $56,000 after acquiring an additional 1,174 shares during the last quarter. Magnetar Financial LLC boosted its position in shares of Mission Produce by 12.6% during the 3rd quarter. Magnetar Financial LLC now owns 12,106 shares of the company's stock worth $146,000 after purchasing an additional 1,351 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Mission Produce by 12.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,375 shares of the company's stock valued at $185,000 after purchasing an additional 1,667 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Mission Produce by 12.3% in the second quarter. The Manufacturers Life Insurance Company now owns 18,598 shares of the company's stock valued at $218,000 after purchasing an additional 2,040 shares during the period. Institutional investors and hedge funds own 63.57% of the company's stock.
About Mission Produce
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
