Mission Produce, Inc. (NASDAQ:AVO) Short Interest Update

Mission Produce, Inc. (NASDAQ:AVO) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,260,000 shares, a decrease of 23.6% from the October 31st total of 1,650,000 shares. Based on an average daily volume of 315,100 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.8% of the shares of the stock are sold short.

Insider Buying and Selling

In other Mission Produce news, Director Luis A. Gonzalez sold 51,615 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $13.28, for a total value of $685,447.20. Following the completion of the transaction, the director now directly owns 7,219,614 shares in the company, valued at approximately $95,876,473.92. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $13.25, for a total value of $1,326,325.00. Following the sale, the director now owns 8,630,002 shares in the company, valued at approximately $114,347,526.50. This trade represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 296,059 shares of company stock worth $3,920,360 in the last three months. 41.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mission Produce

A number of large investors have recently modified their holdings of AVO. SG Capital Management LLC bought a new position in Mission Produce in the 1st quarter valued at about $1,331,000. Dimensional Fund Advisors LP lifted its holdings in shares of Mission Produce by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock valued at $13,113,000 after purchasing an additional 266,489 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Mission Produce during the third quarter valued at approximately $955,000. Price T Rowe Associates Inc. MD grew its holdings in Mission Produce by 15.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock worth $166,000 after buying an additional 1,870 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Mission Produce by 16.5% in the 2nd quarter. American Century Companies Inc. now owns 70,511 shares of the company’s stock valued at $697,000 after buying an additional 10,000 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on AVO shares. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Mission Produce in a report on Tuesday, September 10th. Roth Mkm raised their target price on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th.

Mission Produce Trading Up 2.3 %

NASDAQ AVO traded up $0.30 during trading hours on Friday, hitting $13.30. 177,942 shares of the company’s stock were exchanged, compared to its average volume of 224,566. The firm has a market cap of $943.10 million, a price-to-earnings ratio of 40.30 and a beta of 0.50. The stock has a 50-day simple moving average of $12.69 and a 200 day simple moving average of $11.59. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. Mission Produce has a 1-year low of $8.28 and a 1-year high of $14.17.

Mission Produce (NASDAQ:AVO) last released its quarterly earnings data on Monday, September 9th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.23. Mission Produce had a net margin of 2.06% and a return on equity of 6.69%. The company had revenue of $324.00 million during the quarter, compared to analyst estimates of $229.90 million. On average, equities analysts forecast that Mission Produce will post 0.39 EPS for the current fiscal year.

Mission Produce Company Profile

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.