Wedge Capital Management L L P NC Decreases Stock Holdings in Mission Produce, Inc. $AVO

Key Points

• Wedge Capital Management L L P NC decreased its holdings in **Mission Produce, Inc.** by **19.1%**, selling 21,388 shares and owning 90,884 shares as of the most recent filing.
• Institutional investors collectively own **63.57%** of Mission Produce, with several firms, including **Millennium Management LLC**, significantly increasing their stakes in the company.
• Research analysts have mixed views on Mission Produce, with a consensus rating of **"Moderate Buy"** and a price target of **$17.00**, reflecting a recent increase in price objectives from multiple analysts.

Wedge Capital Management L L P NC decreased its holdings in shares of Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 19.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,884 shares of the company's stock after selling 21,388 shares during the period. Wedge Capital Management L L P NC owned about 0.13% of Mission Produce worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in Mission Produce in the 4th quarter valued at $201,000. Bank of America Corp DE lifted its holdings in Mission Produce by 1.0% in the 4th quarter. Bank of America Corp DE now owns 102,193 shares of the company's stock valued at $1,469,000 after purchasing an additional 1,003 shares in the last quarter. Deutsche Bank AG lifted its holdings in Mission Produce by 44.7% in the 4th quarter. Deutsche Bank AG now owns 49,762 shares of the company's stock valued at $715,000 after purchasing an additional 15,384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mission Produce by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,733 shares of the company's stock valued at $355,000 after purchasing an additional 900 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Mission Produce by 153.3% in the 4th quarter. Millennium Management LLC now owns 453,757 shares of the company's stock valued at $6,520,000 after purchasing an additional 274,591 shares in the last quarter. Hedge funds and other institutional investors own 63.57% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Roth Capital raised their price objective on Mission Produce from $16.00 to $17.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Stephens assumed coverage on Mission Produce in a report on Friday, September 12th. They issued an "overweight" rating and a $17.00 price objective on the stock. Finally, Zacks Research lowered Mission Produce from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Mission Produce Stock Performance

NASDAQ AVO opened at $12.53 on Tuesday. The company has a market cap of $884.87 million, a P/E ratio of 23.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.04 and a quick ratio of 1.30. The stock has a 50-day moving average of $12.42 and a two-hundred day moving average of $11.39. Mission Produce, Inc. has a 1-year low of $9.56 and a 1-year high of $15.25.

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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