Hsbc Holdings PLC Makes New Investment in Mission Produce, Inc. (NASDAQ:AVO)

Hsbc Holdings PLC acquired a new position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,456 shares of the company's stock, valued at approximately $760,000. Hsbc Holdings PLC owned 0.07% of Mission Produce at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Mission Produce in the 4th quarter worth about $34,000. New York State Teachers Retirement System bought a new position in Mission Produce in the 4th quarter worth about $57,000. KLP Kapitalforvaltning AS purchased a new position in shares of Mission Produce during the fourth quarter worth approximately $114,000. New York State Common Retirement Fund raised its stake in shares of Mission Produce by 72.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company's stock valued at $137,000 after acquiring an additional 4,000 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Mission Produce in the fourth quarter valued at approximately $166,000. Institutional investors own 63.57% of the company's stock.

Mission Produce Trading Up 1.0 %

NASDAQ:AVO traded up $0.11 during midday trading on Thursday, hitting $10.36. The stock had a trading volume of 209,591 shares, compared to its average volume of 290,763. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $10.38 and a 200 day moving average of $11.92. The company has a market capitalization of $735.95 million, a price-to-earnings ratio of 20.30 and a beta of 0.54. Mission Produce, Inc. has a one year low of $9.54 and a one year high of $15.25.

Insider Transactions at Mission Produce

In other news, insider Juan R. Wiesner sold 75,153 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $10.08, for a total transaction of $757,542.24. Following the transaction, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. This trade represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 35.41% of the company's stock.

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.