Wedge Capital Management L L P NC Buys 39,548 Shares of Mission Produce, Inc. (NASDAQ:AVO)

Wedge Capital Management L L P NC raised its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 54.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,272 shares of the company's stock after buying an additional 39,548 shares during the quarter. Wedge Capital Management L L P NC owned about 0.16% of Mission Produce worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Mission Produce by 16.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,787,778 shares of the company's stock worth $25,691,000 after acquiring an additional 257,344 shares during the period. American Century Companies Inc. grew its holdings in shares of Mission Produce by 328.2% during the 4th quarter. American Century Companies Inc. now owns 485,095 shares of the company's stock worth $6,971,000 after purchasing an additional 371,813 shares in the last quarter. Millennium Management LLC increased its position in shares of Mission Produce by 153.3% in the fourth quarter. Millennium Management LLC now owns 453,757 shares of the company's stock worth $6,520,000 after purchasing an additional 274,591 shares during the period. Northern Trust Corp raised its stake in Mission Produce by 12.0% in the fourth quarter. Northern Trust Corp now owns 435,305 shares of the company's stock valued at $6,255,000 after purchasing an additional 46,748 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Mission Produce by 23.7% during the fourth quarter. Marshall Wace LLP now owns 418,303 shares of the company's stock worth $6,011,000 after purchasing an additional 80,161 shares during the period. Institutional investors own 63.57% of the company's stock.

Insider Transactions at Mission Produce

In other Mission Produce news, insider Juan R. Wiesner sold 21,892 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $10.05, for a total value of $220,014.60. Following the transaction, the insider now owns 21,412 shares in the company, valued at approximately $215,190.60. The trade was a 50.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bryan E. Giles sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.43, for a total transaction of $40,005.00. Following the transaction, the chief financial officer now directly owns 131,062 shares of the company's stock, valued at approximately $1,498,038.66. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,545 shares of company stock valued at $1,017,562. 35.41% of the stock is currently owned by company insiders.

Mission Produce Price Performance

Mission Produce stock traded up $0.32 during trading hours on Thursday, reaching $11.84. 137,209 shares of the stock were exchanged, compared to its average volume of 329,130. The stock has a 50 day moving average of $10.49 and a two-hundred day moving average of $11.57. The company has a market cap of $841.49 million, a P/E ratio of 23.22 and a beta of 0.56. 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, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25.

Mission Produce (NASDAQ:AVO - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. Mission Produce had a net margin of 2.97% and a return on equity of 8.48%. The company had revenue of $380.30 million for the quarter, compared to analyst estimates of $296.15 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. Mission Produce's revenue was up 27.8% compared to the same quarter last year. Equities analysts expect that Mission Produce, Inc. will post 0.34 EPS for the current fiscal 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.