Cambridge Investment Research Advisors Inc. Makes New $1.34 Million Investment in Mission Produce, Inc. (NASDAQ:AVO)

Cambridge Investment Research Advisors Inc. purchased a new position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 127,770 shares of the company's stock, valued at approximately $1,339,000. Cambridge Investment Research Advisors Inc. owned approximately 0.18% of Mission Produce at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Mission Produce by 1,255.4% in the 1st quarter. GAMMA Investing LLC now owns 3,375 shares of the company's stock worth $322,000 after purchasing an additional 3,126 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Mission Produce in the 4th quarter worth about $57,000. State of Wyoming purchased a new position in shares of Mission Produce in the 4th quarter worth about $63,000. KLP Kapitalforvaltning AS purchased a new position in shares of Mission Produce in the 4th quarter worth about $114,000. Finally, New York State Common Retirement Fund raised its position in Mission Produce by 72.6% in the 4th quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock worth $137,000 after buying an additional 4,000 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Stock Performance

Shares of Mission Produce stock traded down $0.25 during trading hours on Monday, reaching $11.83. 275,286 shares of the stock traded hands, compared to its average volume of 315,613. The company has a 50 day moving average price of $11.21 and a 200 day moving average price of $11.44. The firm has a market capitalization of $835.43 million, a price-to-earnings ratio of 23.66 and a beta of 0.57. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.29.

Mission Produce (NASDAQ:AVO - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. Mission Produce had a return on equity of 7.82% and a net margin of 2.63%. The business had revenue of $380.30 million during the quarter, compared to the consensus estimate of $296.15 million. During the same period in the prior year, the company posted $0.14 EPS. The firm's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities research analysts expect that Mission Produce, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Bryan E. Giles sold 3,500 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $11.43, for a total transaction of $40,005.00. Following the sale, the chief financial officer owned 131,062 shares in the company, valued at approximately $1,498,038.66. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 35.41% of the stock is owned by company insiders.

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.