Bryan E. Giles Sells 3,500 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles sold 3,500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $11.43, for a total transaction of $40,005.00. Following the transaction, the chief financial officer now owns 131,062 shares in the company, valued at approximately $1,498,038.66. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mission Produce Price Performance

Mission Produce stock opened at $11.50 on Wednesday. Mission Produce, Inc. has a 1 year low of $9.54 and a 1 year high of $15.25. The firm has a 50 day moving average price of $10.46 and a 200 day moving average price of $11.57. The company has a market cap of $817.33 million, a price-to-earnings ratio of 22.55 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87.

Mission Produce (NASDAQ:AVO) last released its earnings results on Thursday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. Mission Produce had a net margin of 2.97% and a return on equity of 8.48%. The firm had revenue of $380.30 million during the quarter, compared to the consensus estimate of $296.15 million. During the same period in the previous year, the firm earned $0.14 earnings per share. Mission Produce’s revenue was up 27.8% compared to the same quarter last year. Sell-side analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AVO. American Century Companies Inc. lifted its position in Mission Produce by 328.2% during the fourth quarter. American Century Companies Inc. now owns 485,095 shares of the company’s stock valued at $6,971,000 after buying an additional 371,813 shares in the last quarter. Millennium Management LLC lifted its position in Mission Produce by 153.3% during the fourth quarter. Millennium Management LLC now owns 453,757 shares of the company’s stock valued at $6,520,000 after buying an additional 274,591 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mission Produce by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,787,778 shares of the company’s stock worth $25,691,000 after purchasing an additional 257,344 shares in the last quarter. Algert Global LLC lifted its position in shares of Mission Produce by 221.5% during the first quarter. Algert Global LLC now owns 251,784 shares of the company’s stock worth $2,639,000 after purchasing an additional 173,472 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Mission Produce during the fourth quarter worth $2,147,000. 63.57% of the stock is owned by institutional investors and hedge funds.

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.