Mission Produce, Inc. (NASDAQ:AVO) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 53.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,111 shares of the company's stock after purchasing an additional 42,269 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.17% of Mission Produce worth $1,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Mission Produce by 1,255.4% in the 1st quarter. GAMMA Investing LLC now owns 3,375 shares of the company's stock valued at $322,000 after purchasing an additional 3,126 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Mission Produce during the 4th quarter worth $57,000. State of Wyoming acquired a new stake in Mission Produce during the 4th quarter worth $63,000. KLP Kapitalforvaltning AS acquired a new stake in Mission Produce during the 4th quarter worth $114,000. Finally, HighTower Advisors LLC acquired a new stake in Mission Produce during the 4th quarter worth $166,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Mission Produce Stock Up 0.8%

NASDAQ:AVO traded up $0.09 during midday trading on Wednesday, hitting $11.94. 290,816 shares of the company were exchanged, compared to its average volume of 318,535. The company has a fifty day simple moving average of $11.41 and a 200 day simple moving average of $11.36. Mission Produce, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $15.25. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $843.20 million, a PE ratio of 23.88 and a beta of 0.57.

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

Insider Buying and Selling

In other Mission Produce news, CFO Bryan E. Giles sold 3,500 shares of Mission Produce stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $11.43, for a total value of $40,005.00. Following the transaction, the chief financial officer directly owned 131,062 shares in the company, valued at approximately $1,498,038.66. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 35.41% of the stock is owned by corporate insiders.

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.