Jay A. Pack Sells 22,000 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Jay A. Pack sold 22,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $13.41, for a total value of $295,020.00. Following the completion of the sale, the director now owns 1,115,160 shares of the company’s stock, valued at $14,954,295.60. The transaction was disclosed in a filing with the SEC, which is available through this link.

Mission Produce Trading Down 1.6 %

Shares of Mission Produce stock opened at $13.30 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 2.02. The company has a fifty day moving average of $11.10 and a 200 day moving average of $11.22. The company has a market capitalization of $943.10 million, a P/E ratio of 53.20 and a beta of 0.47. Mission Produce, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $13.62.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Mission Produce

A number of hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its holdings in Mission Produce by 68.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,877 shares of the company’s stock worth $39,000 after purchasing an additional 1,576 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Mission Produce by 245.2% in the first quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock worth $52,000 after buying an additional 3,112 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Mission Produce during the second quarter worth $53,000. Point72 DIFC Ltd purchased a new position in Mission Produce during the second quarter valued at $53,000. Finally, nVerses Capital LLC bought a new stake in Mission Produce in the 2nd quarter valued at $67,000. Institutional investors own 63.57% of the company’s stock.

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.