Mission Produce, Inc. (NASDAQ:AVO) Shares Bought by Nuance Investments LLC

Nuance Investments LLC grew its position in Mission Produce, Inc. (NASDAQ:AVO - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,621,456 shares of the company's stock after acquiring an additional 327,889 shares during the quarter. Mission Produce comprises approximately 1.1% of Nuance Investments LLC's portfolio, making the stock its 28th biggest position. Nuance Investments LLC owned approximately 6.53% of Mission Produce worth $46,630,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Swiss National Bank increased its holdings in shares of Mission Produce by 2.0% in the third quarter. Swiss National Bank now owns 93,300 shares of the company's stock valued at $903,000 after purchasing an additional 1,800 shares during the period. Raymond James & Associates raised its position in Mission Produce by 12.2% during the 4th quarter. Raymond James & Associates now owns 271,107 shares of the company's stock worth $2,735,000 after buying an additional 29,561 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Mission Produce by 17.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,777 shares of the company's stock worth $191,000 after acquiring an additional 3,000 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Mission Produce by 28.1% in the fourth quarter. SG Americas Securities LLC now owns 25,325 shares of the company's stock valued at $256,000 after acquiring an additional 5,552 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Mission Produce by 7.1% during the third quarter. Bank of New York Mellon Corp now owns 399,344 shares of the company's stock worth $3,866,000 after acquiring an additional 26,312 shares during the period. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Mission Produce Price Performance

AVO stock traded up $0.12 during trading on Friday, reaching $12.20. 253,170 shares of the company were exchanged, compared to its average volume of 180,102. Mission Produce, Inc. has a 52-week low of $8.19 and a 52-week high of $13.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.47 and a current ratio of 2.27. The company has a market cap of $864.37 million, a P/E ratio of 152.50 and a beta of 0.50. The stock's 50 day moving average price is $11.59 and its 200 day moving average price is $10.39.

Mission Produce (NASDAQ:AVO - Get Free Report) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.16. The business had revenue of $258.70 million during the quarter, compared to analysts' expectations of $188.40 million. Mission Produce had a net margin of 0.60% and a return on equity of 3.98%. As a group, analysts predict that Mission Produce, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Mission Produce

In other Mission Produce news, Director Luis A. Gonzalez sold 42,008 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.07, for a total transaction of $507,036.56. Following the transaction, the director now owns 7,781,178 shares of the company's stock, valued at approximately $93,918,818.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Luis A. Gonzalez sold 42,008 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $12.07, for a total transaction of $507,036.56. Following the transaction, the director now directly owns 7,781,178 shares in the company, valued at approximately $93,918,818.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Luis A. Gonzalez sold 31,157 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $11.22, for a total transaction of $349,581.54. Following the completion of the sale, the director now owns 7,466,920 shares of the company's stock, valued at $83,778,842.40. The disclosure for this sale can be found here. Insiders sold a total of 483,512 shares of company stock worth $5,654,167 over the last ninety days. 41.60% of the stock is currently owned by corporate insiders.

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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