63,100 Shares in Mission Produce, Inc. (NASDAQ:AVO) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. invested approximately $661,000 in Mission Produce, acquiring 63,100 shares of the company during Q1.
• Mission Produce reported earnings per share of $0.12 for the latest quarter, significantly exceeding analysts' expectations of $0.03, with revenues of $380.30 million.
• Institutional investors collectively own 63.57% of Mission Produce's stock, highlighting significant trust in the company's performance and growth potential.

Jefferies Financial Group Inc. purchased a new position in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,100 shares of the company's stock, valued at approximately $661,000. Jefferies Financial Group Inc. owned approximately 0.09% of Mission Produce at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Mission Produce by 1,255.4% during the first quarter. GAMMA Investing LLC now owns 3,375 shares of the company's stock worth $322,000 after buying an additional 3,126 shares during the period. Ameriflex Group Inc. bought a new position in shares of Mission Produce in the 4th quarter worth $57,000. State of Wyoming purchased a new stake in shares of Mission Produce during the 4th quarter worth $63,000. KLP Kapitalforvaltning AS bought a new stake in Mission Produce during the fourth quarter valued at about $114,000. Finally, ProShare Advisors LLC purchased a new position in Mission Produce in the fourth quarter valued at about $176,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

Mission Produce Stock Down 0.2%

Mission Produce stock traded down $0.02 during trading hours on Wednesday, reaching $12.39. The stock had a trading volume of 202,480 shares, compared to its average volume of 227,550. The company has a market cap of $874.98 million, a price-to-earnings ratio of 24.78 and a beta of 0.57. The business's 50 day moving average price is $11.93 and its 200-day moving average price is $11.27. Mission Produce, Inc. has a 52 week low of $9.56 and a 52 week high of $15.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.98 and a quick ratio of 1.23.

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

Insider Buying and Selling at Mission Produce

In related news, CFO Bryan E. Giles sold 3,500 shares of the business's 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 transaction, the chief financial officer directly owned 131,062 shares in the company, valued at $1,498,038.66. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 35.41% of the stock is owned by insiders.

Mission Produce 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.