Key Points
- Holdings Venture Globalharvest bought 985,704 shares of Mission Produce on January 15 at an average price of $11.76, spending about $11.59M and raising its stake to 8,837,286 shares (a 12.55% increase); the trade was disclosed on an SEC Form 4.
- The January purchase continues a pattern of accumulation by the same investor, which made multiple buys since November and December—including 112,505 shares on December 23 and 59,761 shares on December 29—indicating active position building.
- Mission Produce has a market cap of roughly $885.7M and a P/E of 24.14; in the most recent quarter it reported $0.22 EPS (missing estimates by $0.01) and revenue of $319M, down 10% year‑over‑year.
Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) major shareholder Holdings Venture Globalharvest acquired 985,704 shares of the company's stock in a transaction on Thursday, January 15th. The stock was bought at an average price of $11.76 per share, for a total transaction of $11,591,879.04. Following the purchase, the insider owned 8,837,286 shares in the company, valued at approximately $103,926,483.36. This trade represents a 12.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 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, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The shares were bought at an average price of $11.96 per share, for a total transaction of $163,648.68.
- On Wednesday, January 7th, Holdings Venture Globalharvest purchased 7,472 shares of Mission Produce stock. The stock was bought at an average cost of $11.61 per share, for a total transaction of $86,749.92.
- On Monday, December 29th, Holdings Venture Globalharvest acquired 59,761 shares of Mission Produce stock. The shares were 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 acquired 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 bought 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 purchased 112,505 shares of Mission Produce stock. The shares were 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 purchased 5,262 shares of Mission Produce stock. The shares were purchased at an average price of $12.46 per share, with a total value of $65,564.52.
- On Friday, November 7th, Holdings Venture Globalharvest purchased 3,545 shares of Mission Produce stock. The stock was purchased at an average cost of $12.03 per share, with a total value of $42,646.35.
- On Thursday, November 6th, Holdings Venture Globalharvest acquired 72,165 shares of Mission Produce stock. The stock was purchased at an average price 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 shares were acquired at an average cost of $11.70 per share, for a total transaction of $9,172.80.
Mission Produce Price Performance
NASDAQ AVO opened at $12.55 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $885.65 million, a PE ratio of 24.14 and a beta of 0.56. The company has a 50 day moving average price of $12.11 and a two-hundred day moving average price of $12.17. Mission Produce, Inc. has a 12-month low of $9.56 and a 12-month high of $14.12.
Mission Produce (NASDAQ:AVO - Get Free Report) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Mission Produce had a return on equity of 8.18% and a net margin of 2.71%.The business had revenue of $319.00 million for the quarter, compared to analyst estimates of $301.60 million. During the same quarter last year, the company earned $0.28 EPS. The business's revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.
Institutional Trading of Mission Produce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in shares of Mission Produce by 287.6% during the second quarter. Invesco Ltd. now owns 360,863 shares of the company's stock valued at $4,229,000 after buying an additional 267,752 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Mission Produce by 174.9% during 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. increased its stake in 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 acquiring an additional 191,405 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mission Produce by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,570,868 shares of the company's stock valued at $30,901,000 after acquiring an additional 159,726 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Mission Produce by 11.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,183,208 shares of the company's stock worth $13,869,000 after acquiring an additional 123,678 shares during the period. Institutional investors and hedge funds own 63.57% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on AVO shares. Zacks Research cut Mission Produce from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. Lake Street Capital reissued a "buy" rating on shares of Mission Produce in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Mission Produce in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.00.
Read Our Latest Stock Analysis on Mission Produce
Mission Produce Company Profile
(
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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