Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles Sells 3,500 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) CFO Bryan E. Giles sold 3,500 shares of Mission Produce stock in a transaction dated 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 now owns 131,062 shares in the company, valued at $1,498,038.66. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mission Produce Stock Up 0.7%

AVO stock traded up $0.09 during mid-day trading on Friday, hitting $12.23. 77,700 shares of the company were exchanged, compared to its average volume of 302,216. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87. The firm has a market cap of $868.86 million, a P/E ratio of 23.91 and a beta of 0.56. The firm's 50 day simple moving average is $10.53 and its 200 day simple moving average is $11.57. Mission Produce, Inc. has a 1-year low of $9.54 and a 1-year high of $15.25.

Mission Produce (NASDAQ:AVO - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. Mission Produce had a net margin of 2.97% and a return on equity of 8.48%. The firm had revenue of $380.30 million during the quarter, compared to analyst estimates of $296.15 million. During the same period in the prior year, the business earned $0.14 EPS. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, sell-side analysts predict that Mission Produce, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Mission Produce

A number of hedge funds and other institutional investors have recently bought and sold shares of AVO. PNC Financial Services Group Inc. grew its stake in shares of Mission Produce by 123.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,950 shares of the company's stock worth $31,000 after acquiring an additional 1,628 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Mission Produce by 1,255.4% during the first quarter. GAMMA Investing LLC now owns 3,375 shares of the company's stock worth $322,000 after purchasing an additional 3,126 shares during the last quarter. New York State Teachers Retirement System bought a new position in Mission Produce in the fourth quarter valued at $57,000. Ameriflex Group Inc. acquired a new stake in Mission Produce in the 4th quarter valued at $57,000. Finally, State of Wyoming acquired a new stake in Mission Produce in the 4th quarter valued at $63,000. Institutional investors and hedge funds own 63.57% 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.