Key Points
- Major shareholder Holdings Venture Globalharvest bought 71,750 shares of Mission Produce on Jan. 22 at an average price of $13.80, raising its direct stake to 9,770,608 shares (about $134.8M), a 0.74% increase.
- The Jan. 22 purchase is part of an ongoing accumulation through January with multiple buys totaling millions of dollars, including a notable 985,704-share purchase on Jan. 15.
- Mission Produce trades near $13.57 with a 52-week range of $9.56–$14.23 and a market cap of roughly $958M; it recently missed EPS by $0.01 while revenue beat estimates but declined 10% year-over-year.
Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) major shareholder Holdings Venture Globalharvest bought 71,750 shares of the stock in a transaction on Thursday, January 22nd. The shares were acquired at an average cost of $13.80 per share, for a total transaction of $990,150.00. Following the completion of the transaction, the insider directly owned 9,770,608 shares of the company's stock, valued at approximately $134,834,390.40. The trade was a 0.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Wednesday, January 21st, Holdings Venture Globalharvest purchased 237,270 shares of Mission Produce stock. The stock was bought at an average cost of $12.92 per share, with a total value of $3,065,528.40.
- On Tuesday, January 20th, Holdings Venture Globalharvest purchased 300,000 shares of Mission Produce stock. The shares were bought at an average price of $12.50 per share, with a total value of $3,750,000.00.
- On Friday, January 16th, Holdings Venture Globalharvest acquired 324,295 shares of Mission Produce stock. The shares were bought at an average cost of $12.37 per share, for a total transaction of $4,011,529.15.
- On Thursday, January 15th, Holdings Venture Globalharvest bought 985,704 shares of Mission Produce stock. The shares were bought at an average cost of $11.76 per share, with a total value of $11,591,879.04.
- On Thursday, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The stock was purchased at an average cost of $11.96 per share, for a total transaction of $163,648.68.
- On Wednesday, January 7th, Holdings Venture Globalharvest acquired 7,472 shares of Mission Produce stock. The stock was purchased at an average price of $11.61 per share, with a total value of $86,749.92.
- 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, for a total transaction of $693,227.60.
- On Friday, December 26th, Holdings Venture Globalharvest bought 13,679 shares of Mission Produce stock. The stock was purchased at an average price of $11.64 per share, for a total transaction of $159,223.56.
- On Wednesday, December 24th, Holdings Venture Globalharvest bought 15,365 shares of Mission Produce stock. The shares were purchased at an average cost of $11.60 per share, with a total value of $178,234.00.
- On Tuesday, December 23rd, Holdings Venture Globalharvest purchased 112,505 shares of Mission Produce stock. The stock was acquired at an average cost of $11.61 per share, for a total transaction of $1,306,183.05.
Mission Produce Trading Up 0.8%
Mission Produce stock opened at $13.57 on Tuesday. Mission Produce, Inc. has a 52 week low of $9.56 and a 52 week high of $14.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.95. The firm has a market capitalization of $957.63 million, a PE ratio of 26.10 and a beta of 0.56. The business's 50-day simple moving average is $12.19 and its 200-day simple moving average is $12.20.
Mission Produce (NASDAQ:AVO - Get Free Report) last released its earnings results on Thursday, December 18th. The company reported $0.22 earnings per share (EPS) 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 analyst estimates of $301.60 million. Mission Produce had a net margin of 2.71% and a return on equity of 8.18%. The business's quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Equities research analysts forecast that Mission Produce, Inc. will post 0.34 earnings per share for the current year.
Institutional Investors Weigh In On Mission Produce
Several institutional investors and hedge funds have recently bought and sold shares of AVO. Wedge Capital Management L L P NC raised its stake in shares of Mission Produce by 1.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 100,025 shares of the company's stock valued at $1,160,000 after buying an additional 958 shares in the last quarter. SG Americas Securities LLC raised its position in Mission Produce by 14.3% in the fourth quarter. SG Americas Securities LLC now owns 26,549 shares of the company's stock worth $308,000 after purchasing an additional 3,323 shares in the last quarter. Diversified Trust Co. lifted its stake in Mission Produce by 14.2% during the fourth quarter. Diversified Trust Co. now owns 17,299 shares of the company's stock worth $201,000 after purchasing an additional 2,150 shares during the period. GAMMA Investing LLC boosted its holdings in Mission Produce by 87.1% during the fourth quarter. GAMMA Investing LLC now owns 4,589 shares of the company's stock valued at $53,000 after purchasing an additional 2,136 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Mission Produce in the 3rd quarter valued at approximately $629,000. Institutional investors own 63.57% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on AVO. Lake Street Capital reiterated a "buy" rating on shares of Mission Produce in a research note on Thursday, January 15th. Weiss Ratings restated a "hold (c)" rating on shares of Mission Produce in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of Mission Produce from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.00.
View Our Latest Report 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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