Mission Produce, Inc. (NASDAQ:AVO) Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 319.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,771 shares of the company's stock after purchasing an additional 50,835 shares during the period. SG Americas Securities LLC owned about 0.09% of Mission Produce worth $700,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System acquired a new position in Mission Produce during the fourth quarter worth approximately $57,000. New York State Common Retirement Fund raised its position 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 worth $137,000 after buying an additional 4,000 shares during the period. Bank of New York Mellon Corp grew its position in Mission Produce by 36.5% during the fourth quarter. Bank of New York Mellon Corp now owns 164,353 shares of the company's stock valued at $2,362,000 after acquiring an additional 43,957 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Mission Produce in the 4th quarter worth about $2,147,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Mission Produce in the 4th quarter valued at about $173,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Stock Up 0.6%

Mission Produce stock traded up $0.07 during midday trading on Tuesday, hitting $12.33. 258,670 shares of the company were exchanged, compared to its average volume of 310,993. The company has a market cap of $870.72 million, a PE ratio of 24.66 and a beta of 0.56. Mission Produce, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $15.25. The company's fifty day moving average price is $10.88 and its 200-day moving average price is $11.52. 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 posted its quarterly earnings data on Thursday, June 5th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.09. Mission Produce had a net margin of 2.63% and a return on equity of 7.82%. The company had revenue of $380.30 million during the quarter, compared to analysts' expectations of $296.15 million. During the same period in the prior year, the company posted $0.14 EPS. The firm's revenue for the quarter was up 27.8% on a year-over-year basis. On average, research analysts predict that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In related news, CFO Bryan E. Giles sold 3,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 131,062 shares in the company, valued at $1,498,038.66. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 35.41% of the company's stock.

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.