47,068 Shares in Mission Produce, Inc. $AVO Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO) in the second quarter, Holdings Channel reports. The firm bought 47,068 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in Mission Produce during the second quarter worth about $197,000. Quantbot Technologies LP purchased a new position in shares of Mission Produce in the second quarter valued at approximately $44,000. Heartland Advisors Inc. acquired a new position in shares of Mission Produce in the second quarter valued at approximately $3,882,000. Virtus Advisers LLC acquired a new position in shares of Mission Produce in the second quarter valued at approximately $106,000. Finally, Nuance Investments LLC grew its holdings in shares of Mission Produce by 66.2% in the second quarter. Nuance Investments LLC now owns 501,087 shares of the company’s stock valued at $5,908,000 after purchasing an additional 199,511 shares in the last quarter. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AVO. Wall Street Zen lowered shares of Mission Produce from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. UBS Group set a $16.00 price target on shares of Mission Produce in a research note on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mission Produce in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.50.

Mission Produce Stock Performance

Shares of Mission Produce stock opened at $12.87 on Wednesday. Mission Produce, Inc. has a one year low of $10.07 and a one year high of $15.53. The company has a market cap of $1.14 billion, a PE ratio of 40.22 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.91. The business has a 50-day simple moving average of $12.92 and a 200-day simple moving average of $12.90.

Mission Produce (NASDAQ:AVO) last issued its earnings results on Tuesday, September 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. Mission Produce had a net margin of 1.83% and a return on equity of 6.92%. The firm had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $367.57 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts forecast that Mission Produce, Inc. will post 0.52 EPS for the current fiscal year.

Mission Produce announced that its board has authorized a share buyback plan on Monday, June 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 13.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Key Stories Impacting Mission Produce

Here are the key news stories impacting Mission Produce this week:

• Positive Sentiment: Fiscal Q3 revenue rose 25.8% year over year to $450 million, well above the approximately $367.6 million analyst consensus. Management attributed the performance in part to strong avocado demand. Mission Produce fiscal 2026 third-quarter financial results
• Positive Sentiment: Adjusted earnings were $0.18 per share, beating the $0.12 consensus estimate by $0.06. The earnings beat reinforces the company’s ability to convert higher sales into profitability despite ongoing agricultural and distribution costs. Mission Produce Q3 earnings and revenues top estimates
• Positive Sentiment: Mission Produce raised its expected annualized synergies from the Calavo integration to more than $30 million, potentially supporting future margins and earnings. The company also reaffirmed its second-half fiscal 2026 guidance. Mission Produce exceeds expectations with strong third-quarter results
• Positive Sentiment: Expected record avocado production in Peru could provide additional volume and farming contributions in fiscal 2026, potentially improving supply availability and margins in the fourth quarter. Will higher Peru output strengthen Mission Produce’s outlook?
• Negative Sentiment: Although revenue increased sharply, quarterly EPS declined from $0.26 in the prior-year period to $0.18, while the reported net margin remained thin at 1.83%. This highlights continued pressure on profitability and leaves execution of the synergy and farming initiatives important for further upside. Mission Produce Q3 2026 earnings call transcript

Insiders Place Their Bets

In other news, Director Bruce Taylor acquired 300,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $11.29 per share, with a total value of $3,387,000.00. Following the transaction, the director owned 455,842 shares in the company, valued at approximately $5,146,456.18. This trade represents a 192.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings Venture Globalharvest acquired 687,222 shares of Mission Produce stock in a transaction dated Wednesday, July 8th. The stock was purchased at an average price of $13.42 per share, for a total transaction of $9,222,519.24. Following the completion of the acquisition, the insider directly owned 12,370,439 shares in the company, valued at approximately $166,011,291.38. This represents a 5.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 3,352,161 shares of company stock worth $42,458,664 in the last 90 days. Corporate insiders own 30.85% of the company’s stock.

About Mission Produce

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.