Bryan E. Giles Sells 3,085 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVOGet Rating) CFO Bryan E. Giles sold 3,085 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.63, for a total transaction of $45,133.55. Following the completion of the transaction, the chief financial officer now owns 73,957 shares of the company’s stock, valued at approximately $1,081,990.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:AVO opened at $14.69 on Thursday. The company’s fifty day moving average is $13.37 and its two-hundred day moving average is $13.85. The company has a market cap of $1.04 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.37. Mission Produce, Inc. has a 12-month low of $11.04 and a 12-month high of $21.97. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 0.29.

Mission Produce (NASDAQ:AVOGet Rating) last posted its quarterly earnings results on Wednesday, June 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Mission Produce had a net margin of 2.48% and a return on equity of 4.91%. The business had revenue of $278.10 million during the quarter, compared to analyst estimates of $278.85 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Mission Produce, Inc. will post 0.58 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in Mission Produce during the fourth quarter worth $25,000. PNC Financial Services Group Inc. increased its holdings in shares of Mission Produce by 3,991.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,437 shares of the company’s stock valued at $43,000 after acquiring an additional 3,353 shares during the last quarter. Van ECK Associates Corp acquired a new stake in Mission Produce in the 4th quarter worth approximately $55,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Mission Produce during the fourth quarter worth approximately $76,000. Finally, Penserra Capital Management LLC boosted its position in Mission Produce by 73.9% during the first quarter. Penserra Capital Management LLC now owns 6,530 shares of the company’s stock worth $82,000 after purchasing an additional 2,776 shares during the period. Hedge funds and other institutional investors own 37.30% of the company’s stock.

AVO has been the subject of several research reports. Citigroup upgraded shares of Mission Produce from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $20.00 to $18.00 in a research report on Thursday, April 7th. Stephens raised their price objective on Mission Produce to $17.00 in a research note on Thursday, June 9th.

About Mission Produce (Get Rating)

Mission Produce, Inc engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management.

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