Key Points
- Holdings Venture Globalharvest bought 3,695 shares of Mission Produce on March 17 at $11.94 each (totaling $44,118.30), raising its direct stake to 9,991,577 shares valued at about $119.3M (a 0.04% increase).
- The March purchase continues a clear accumulation trend: the investor acquired roughly 1.94 million shares in January (~$23.66M) — highlighted by a 985,704-share buy on Jan. 15 — plus additional December purchases of ~88.8k shares (~$1.03M).
- Mission Produce trades at $12.51 with a market cap of $885.98M and a P/E of 27.12; the company recently beat quarterly EPS ($0.10 vs. $0.07) even as revenue fell 26.1% year‑over‑year, and analysts' consensus is a "Moderate Buy" with a $17 average target.
Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) major shareholder Holdings Venture Globalharvest purchased 3,695 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average price of $11.94 per share, with a total value of $44,118.30. Following the completion of the transaction, the insider directly owned 9,991,577 shares of the company's stock, valued at $119,299,429.38. This represents a 0.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more 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 22nd, Holdings Venture Globalharvest acquired 71,750 shares of Mission Produce stock. The stock was purchased at an average price of $13.80 per share, for a total transaction of $990,150.00.
- On Wednesday, January 21st, Holdings Venture Globalharvest bought 237,270 shares of Mission Produce stock. The shares were acquired at an average cost of $12.92 per share, for a total transaction of $3,065,528.40.
- On Tuesday, January 20th, Holdings Venture Globalharvest bought 300,000 shares of Mission Produce stock. The shares were acquired at an average cost of $12.50 per share, with a total value of $3,750,000.00.
- On Friday, January 16th, Holdings Venture Globalharvest bought 324,295 shares of Mission Produce stock. The stock was acquired at an average price of $12.37 per share, with a total value of $4,011,529.15.
- On Thursday, January 15th, Holdings Venture Globalharvest purchased 985,704 shares of Mission Produce stock. The stock was acquired at an average cost of $11.76 per share, for a total transaction of $11,591,879.04.
- On Thursday, January 8th, Holdings Venture Globalharvest purchased 13,683 shares of Mission Produce stock. The shares were acquired 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 shares were acquired at an average price 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 acquired at an average cost 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 stock was acquired at an average price 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 acquired at an average cost of $11.60 per share, for a total transaction of $178,234.00.
Mission Produce Price Performance
Shares of Mission Produce stock traded up $0.02 on Thursday, hitting $12.51. 52,976 shares of the company were exchanged, compared to its average volume of 816,348. The stock has a market capitalization of $885.98 million, a price-to-earnings ratio of 27.12 and a beta of 0.60. The company has a 50-day moving average price of $13.48 and a 200 day moving average price of $12.57. Mission Produce, Inc. has a 1-year low of $9.60 and a 1-year high of $15.02. The company has a quick ratio of 1.19, a current ratio of 1.86 and a debt-to-equity ratio of 0.19.
Mission Produce (NASDAQ:AVO - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Mission Produce had a return on equity of 8.24% and a net margin of 2.48%.The firm had revenue of $278.60 million during the quarter, compared to analysts' expectations of $277.33 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business's revenue for the quarter was down 26.1% on a year-over-year basis. As a group, sell-side analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on AVO shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Mission Produce in a report on Wednesday, January 21st. Lake Street Capital restated a "buy" rating on shares of Mission Produce in a research report on Thursday, January 15th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Mission Produce presently has an average rating of "Moderate Buy" and an average target price of $17.00.
Get Our Latest Analysis on Mission Produce
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Platform Wealth Management LLC acquired a new stake in Mission Produce during the fourth quarter worth $12,130,000. Invesco Ltd. raised its position in Mission Produce by 287.6% in the second quarter. Invesco Ltd. now owns 360,863 shares of the company's stock valued at $4,229,000 after purchasing an additional 267,752 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Mission Produce by 174.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 366,957 shares of the company's stock valued at $4,411,000 after purchasing an additional 233,447 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Mission Produce by 28.6% during the 2nd quarter. American Century Companies Inc. now owns 861,139 shares of the company's stock worth $10,093,000 after purchasing an additional 191,405 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Mission Produce by 6.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,570,868 shares of the company's stock worth $30,901,000 after purchasing an additional 159,726 shares during the period. 63.57% of the stock is currently owned by hedge funds and other institutional investors.
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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