Stephen J. Barnard Sells 103,847 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) CEO Stephen J. Barnard sold 103,847 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $14.53, for a total value of $1,508,896.91. Following the sale, the chief executive officer now directly owns 1,790,966 shares of the company’s stock, valued at approximately $26,022,735.98. This trade represents a 5.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Mission Produce Trading Down 0.5 %

NASDAQ:AVO opened at $14.37 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The business’s 50-day simple moving average is $13.15 and its 200 day simple moving average is $11.86. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 43.55 and a beta of 0.54.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in shares of Mission Produce in the second quarter worth about $53,000. Point72 DIFC Ltd acquired a new stake in Mission Produce during the second quarter valued at approximately $53,000. nVerses Capital LLC acquired a new stake in Mission Produce during the second quarter valued at approximately $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Mission Produce during the second quarter valued at approximately $73,000. Finally, Quantbot Technologies LP acquired a new stake in Mission Produce during the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AVO. Roth Mkm boosted their price target on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital reaffirmed a “buy” rating and issued a $15.00 target price on shares of Mission Produce in a research report on Tuesday, September 10th.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.