Federated Hermes Inc. Has $449,000 Stake in Mission Produce, Inc. (NASDAQ:AVO)

Federated Hermes Inc. lowered its stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 73.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,529 shares of the company's stock after selling 124,024 shares during the period. Federated Hermes Inc. owned approximately 0.06% of Mission Produce worth $449,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AVO. Signaturefd LLC raised its stake in Mission Produce by 638.5% during the 3rd quarter. Signaturefd LLC now owns 2,917 shares of the company's stock valued at $28,000 after purchasing an additional 2,522 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Mission Produce during the 3rd quarter valued at $61,000. Panagora Asset Management Inc. purchased a new position in shares of Mission Produce during the 3rd quarter valued at $110,000. PNC Financial Services Group Inc. increased its stake in shares of Mission Produce by 22.3% in the third quarter. PNC Financial Services Group Inc. now owns 12,615 shares of the company's stock worth $122,000 after acquiring an additional 2,297 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Mission Produce by 5.9% during the third quarter. Commonwealth Equity Services LLC now owns 18,979 shares of the company's stock valued at $184,000 after purchasing an additional 1,060 shares during the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Stock Up 0.1 %

Mission Produce stock traded up $0.01 during mid-day trading on Friday, hitting $11.80. 192,323 shares of the company's stock were exchanged, compared to its average volume of 161,169. Mission Produce, Inc. has a 1-year low of $8.19 and a 1-year high of $13.99. The stock has a 50 day moving average of $11.45 and a two-hundred day moving average of $10.29. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. The stock has a market cap of $836.03 million, a P/E ratio of 147.50 and a beta of 0.50.

Mission Produce (NASDAQ:AVO - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. The company had revenue of $258.70 million for the quarter, compared to the consensus estimate of $188.40 million. Mission Produce had a return on equity of 3.98% and a net margin of 0.60%. As a group, analysts anticipate that Mission Produce, Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Mission Produce

In other news, Director Luis A. Gonzalez sold 31,157 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $11.22, for a total transaction of $349,581.54. Following the sale, the director now directly owns 7,466,920 shares in the company, valued at $83,778,842.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Luis A. Gonzalez sold 6,869 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $12.01, for a total value of $82,496.69. Following the completion of the transaction, the director now directly owns 7,767,038 shares of the company's stock, valued at approximately $93,282,126.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Luis A. Gonzalez sold 31,157 shares of the company's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $11.22, for a total value of $349,581.54. Following the completion of the sale, the director now owns 7,466,920 shares in the company, valued at $83,778,842.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 483,512 shares of company stock worth $5,654,167. Company insiders own 41.60% 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.