Mackenzie Financial Corp Makes New $571,000 Investment in Mission Produce, Inc. (NASDAQ:AVO)

Mackenzie Financial Corp bought a new position in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,729 shares of the company's stock, valued at approximately $571,000. Mackenzie Financial Corp owned approximately 0.06% of Mission Produce as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. PharVision Advisers LLC acquired a new position in shares of Mission Produce in the fourth quarter worth $289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Mission Produce by 60.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 148,228 shares of the company's stock worth $2,130,000 after acquiring an additional 55,975 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Mission Produce by 36.9% in the fourth quarter. Squarepoint Ops LLC now owns 68,422 shares of the company's stock worth $983,000 after acquiring an additional 18,431 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Mission Produce by 16.2% in the fourth quarter. Two Sigma Advisers LP now owns 24,400 shares of the company's stock worth $351,000 after acquiring an additional 3,400 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Mission Produce in the fourth quarter worth $63,000. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mission Produce

In related news, insider Juan R. Wiesner sold 75,153 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $10.08, for a total value of $757,542.24. Following the completion of the transaction, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 35.41% of the company's stock.

Mission Produce Price Performance

Shares of NASDAQ AVO traded up $0.52 during trading on Friday, reaching $11.02. The company had a trading volume of 766,987 shares, compared to its average volume of 298,593. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The stock has a market capitalization of $783.21 million, a PE ratio of 21.61 and a beta of 0.56. The stock has a 50-day moving average price of $10.41 and a two-hundred day moving average price of $11.61. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23.

Mission Produce (NASDAQ:AVO - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The company 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 8.48% and a net margin of 2.97%. The business's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, sell-side analysts predict that Mission Produce, Inc. will post 0.34 earnings per share for the current year.

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.