Teacher Retirement System of Texas Boosts Stock Position in Mission Produce, Inc. (NASDAQ:AVO)

Teacher Retirement System of Texas boosted its holdings in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 53.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,111 shares of the company's stock after buying 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 quarter.

Several other large investors have also recently bought and sold shares of AVO. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Mission Produce during the first quarter worth about $1,339,000. SG Americas Securities LLC grew its holdings in shares of Mission Produce by 319.0% during the first quarter. SG Americas Securities LLC now owns 66,771 shares of the company's stock worth $700,000 after purchasing an additional 50,835 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Mission Produce by 153.3% during 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 last quarter. Diversified Trust Co purchased a new position in shares of Mission Produce during the first quarter worth about $137,000. Finally, Prudential Financial Inc. purchased a new position in shares of Mission Produce during the fourth quarter worth about $635,000. Hedge funds and other institutional investors own 63.57% of the company's stock.

Insider Transactions at Mission Produce

In other Mission Produce news, CFO Bryan E. Giles sold 3,500 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $11.43, for a total value of $40,005.00. Following the completion of the transaction, the chief financial officer owned 131,062 shares in the company, valued at approximately $1,498,038.66. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 35.41% of the company's stock.

Mission Produce Stock Performance

NASDAQ AVO opened at $12.14 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.29. Mission Produce, Inc. has a 52-week low of $9.56 and a 52-week high of $15.25. The business's 50-day moving average price is $11.35 and its 200 day moving average price is $11.40. The firm has a market cap of $857.33 million, a P/E ratio of 24.28 and a beta of 0.57.

Mission Produce (NASDAQ:AVO - Get Free Report) last announced 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. The company had revenue of $380.30 million for the quarter, compared to analyst estimates of $296.15 million. Mission Produce had a return on equity of 7.82% and a net margin of 2.63%. The firm's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. On average, equities research analysts expect that Mission Produce, Inc. will post 0.34 earnings per share for the current year.

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.

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