EntryPoint Capital LLC Increases Stock Holdings in Mission Produce, Inc. $AVO

Key Points

• EntryPoint Capital LLC significantly increased its stake in Mission Produce, acquiring an additional 22,242 shares, resulting in a 115.4% increase in holdings during the first quarter.
• Mission Produce reported a quarterly earnings per share of $0.12, exceeding expectations by $0.09, with revenue of $380.30 million—up 27.8% year-over-year.
• The company's stock, trading on NASDAQ with the ticker AVO, has seen its price fluctuate between a low of $9.56 and a high of $15.25 over the past year.

EntryPoint Capital LLC increased its stake in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 115.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,516 shares of the company's stock after purchasing an additional 22,242 shares during the quarter. EntryPoint Capital LLC owned 0.06% of Mission Produce worth $435,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AVO. PNC Financial Services Group Inc. lifted its holdings in shares of Mission Produce by 123.1% during the first quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company's stock worth $31,000 after purchasing an additional 1,628 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Mission Produce during the fourth quarter worth $57,000. State of Wyoming acquired a new stake in shares of Mission Produce during the fourth quarter worth $63,000. Diversified Trust Co acquired a new stake in shares of Mission Produce during the first quarter worth $137,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mission Produce during the first quarter worth $144,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Price Performance

NASDAQ:AVO traded down $0.2450 during trading hours on Monday, hitting $12.5650. The company's stock had a trading volume of 135,435 shares, compared to its average volume of 321,966. The business's 50-day moving average is $12.24 and its two-hundred day moving average is $11.31. The company has a market capitalization of $887.34 million, a PE ratio of 25.13 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.23 and a current ratio of 1.98. Mission Produce, Inc. has a 52-week low of $9.56 and a 52-week high of $15.25.

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

Insider Transactions at Mission Produce

In other Mission Produce 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 value of $40,005.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 35.41% 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.