Millennium Management LLC Boosts Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

Millennium Management LLC boosted its holdings in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 153.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 453,757 shares of the company's stock after buying an additional 274,591 shares during the period. Millennium Management LLC owned 0.64% of Mission Produce worth $6,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AVO. JPMorgan Chase & Co. boosted its stake in Mission Produce by 48.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company's stock worth $665,000 after buying an additional 16,968 shares during the last quarter. R Squared Ltd acquired a new position in shares of Mission Produce in the 4th quarter valued at about $34,000. New York State Teachers Retirement System acquired a new position in shares of Mission Produce in the 4th quarter valued at about $57,000. New York State Common Retirement Fund lifted its stake in shares of 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 valued at $137,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Mission Produce by 36.5% in the 4th quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company's stock valued at $2,362,000 after purchasing an additional 43,957 shares in the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Trading Up 3.0%

Shares of NASDAQ AVO traded up $0.33 during midday trading on Friday, hitting $11.29. The stock had a trading volume of 614,089 shares, compared to its average volume of 291,096. The company has a market capitalization of $802.40 million, a price-to-earnings ratio of 22.14 and a beta of 0.54. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $10.35 and a 200 day moving average price of $11.66.

Insider Activity

In related news, insider Juan R. Wiesner sold 75,153 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $10.08, for a total transaction of $757,542.24. Following the sale, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. This trade represents a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.