Key Points
- Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce on Jan. 8 at an average price of $11.96 (about $163,649), bringing its direct stake to 7,850,900 shares — a 0.17% increase, disclosed in an SEC filing.
- The Jan. 8 buy is part of a pattern of recent accumulation by the same holder, including a 112,505‑share purchase on Dec. 23 and multiple other purchases in November–December, signaling continued insider buying activity.
- Mission Produce trades with a market capitalization of about $861.7M, a P/E of 23.48 and a 12‑month range of $9.56–$14.12; analysts' consensus is a "Moderate Buy" with an average price target near $17.00.
Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) major shareholder Holdings Venture Globalharvest acquired 7,472 shares of the stock in a transaction on Wednesday, January 7th. The stock was purchased at an average cost of $11.61 per share, with a total value of $86,749.92. Following the transaction, the insider directly owned 7,837,217 shares of the company's stock, valued at $90,990,089.37. This represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% 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 Thursday, January 8th, Holdings Venture Globalharvest bought 13,683 shares of Mission Produce stock. The shares were purchased at an average cost of $11.96 per share, for a total transaction of $163,648.68.
- On Monday, December 29th, Holdings Venture Globalharvest bought 59,761 shares of Mission Produce stock. The stock was purchased at an average price of $11.60 per share, with a total value of $693,227.60.
- On Friday, December 26th, Holdings Venture Globalharvest purchased 13,679 shares of Mission Produce stock. The shares were purchased at an average cost of $11.64 per share, with a total value of $159,223.56.
- On Wednesday, December 24th, Holdings Venture Globalharvest acquired 15,365 shares of Mission Produce stock. The stock was purchased at an average price of $11.60 per share, for a total transaction 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 bought 5,262 shares of Mission Produce stock. The shares were acquired at an average price of $12.46 per share, with a total value 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 purchased 72,165 shares of Mission Produce stock. The stock was acquired at an average price of $11.94 per share, for a total transaction of $861,650.10.
- On Wednesday, November 5th, Holdings Venture Globalharvest purchased 784 shares of Mission Produce stock. The stock was acquired at an average cost of $11.70 per share, with a total value of $9,172.80.
- On Tuesday, November 4th, Holdings Venture Globalharvest acquired 49,055 shares of Mission Produce stock. The shares were acquired at an average price of $11.69 per share, with a total value of $573,452.95.
Mission Produce Price Performance
AVO stock opened at $12.21 on Friday. The stock's 50 day moving average is $12.06 and its two-hundred day moving average is $12.14. Mission Produce, Inc. has a 52-week low of $9.56 and a 52-week high of $14.12. The company has a market capitalization of $861.66 million, a PE ratio of 23.48 and a beta of 0.56. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.19.
Mission Produce (NASDAQ:AVO - Get Free Report) last released its quarterly 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 company had revenue of $319.00 million for the quarter, compared to analyst estimates of $301.60 million. Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The firm's quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.
Analysts Set New Price Targets
AVO has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mission Produce in a research report on Wednesday, October 8th. Stephens initiated coverage on Mission Produce in a report on Friday, September 12th. They issued an "overweight" rating and a $17.00 price objective for the company. Finally, Zacks Research downgraded Mission Produce from a "strong-buy" rating to a "hold" rating in a report on Monday, November 10th. Two equities research 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.00.
Get Our Latest Research Report on AVO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. raised its stake in Mission Produce by 287.6% during the second quarter. Invesco Ltd. now owns 360,863 shares of the company's stock worth $4,229,000 after acquiring an additional 267,752 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Mission Produce by 174.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 366,957 shares of the company's stock valued at $4,411,000 after acquiring an additional 233,447 shares during the period. American Century Companies Inc. grew its holdings in shares of Mission Produce by 28.6% during the second quarter. American Century Companies Inc. now owns 861,139 shares of the company's stock valued at $10,093,000 after purchasing an additional 191,405 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mission Produce by 6.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,570,868 shares of the company's stock valued at $30,901,000 after purchasing an additional 159,726 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mission Produce by 11.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company's stock worth $13,869,000 after purchasing an additional 123,678 shares during the period. 63.57% of the stock is owned by institutional investors and hedge funds.
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.
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