SG Americas Securities LLC Takes $266,000 Position in Mission Produce, Inc. (NASDAQ:AVO)

SG Americas Securities LLC bought a new stake in shares of Mission Produce, Inc. (NASDAQ:AVO) in the 3rd quarter, HoldingsChannel reports. The fund bought 20,783 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC grew its stake in shares of Mission Produce by 245.2% during the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock worth $52,000 after acquiring an additional 3,112 shares during the period. Point72 DIFC Ltd bought a new position in shares of Mission Produce during the 2nd quarter worth $53,000. Point72 Asset Management L.P. bought a new position in shares of Mission Produce during the 2nd quarter worth $53,000. nVerses Capital LLC bought a new position in shares of Mission Produce during the 2nd quarter worth $67,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Mission Produce during the 2nd quarter worth $73,000. Institutional investors own 63.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AVO shares. Roth Mkm raised their target price on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Lake Street Capital restated a “buy” rating and issued a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th.

Mission Produce Stock Down 0.2 %

Shares of NASDAQ AVO opened at $12.24 on Monday. Mission Produce, Inc. has a 52 week low of $8.19 and a 52 week high of $13.62. The business has a 50-day simple moving average of $11.78 and a two-hundred day simple moving average of $11.34. The company has a quick ratio of 1.40, a current ratio of 2.02 and a debt-to-equity ratio of 0.28. The company has a market cap of $867.94 million, a P/E ratio of 48.96 and a beta of 0.48.

Mission Produce (NASDAQ:AVO) last issued its quarterly earnings results on Monday, September 9th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.23. The firm had revenue of $324.00 million during the quarter, compared to the consensus estimate of $229.90 million. Mission Produce had a return on equity of 6.69% and a net margin of 2.06%. Research analysts anticipate that Mission Produce, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jay A. Pack sold 72,054 shares of Mission Produce stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $13.30, for a total transaction of $958,318.20. Following the completion of the sale, the director now owns 384,823 shares in the company, valued at approximately $5,118,145.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Jay A. Pack sold 72,054 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $13.30, for a total transaction of $958,318.20. Following the transaction, the director now directly owns 384,823 shares of the company’s stock, valued at approximately $5,118,145.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $13.25, for a total value of $1,326,325.00. Following the transaction, the director now directly owns 8,630,002 shares in the company, valued at approximately $114,347,526.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 296,059 shares of company stock worth $3,920,360. 41.60% of the stock is currently owned by insiders.

About Mission Produce

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.