Mission Produce, Inc. (NASDAQ:AVO) Stock Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Mission Produce, Inc. (NASDAQ:AVO) by 36.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 164,353 shares of the company’s stock after acquiring an additional 43,957 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mission Produce were worth $2,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in Mission Produce in the 3rd quarter valued at about $1,939,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Mission Produce in the 3rd quarter valued at about $1,295,000. Jane Street Group LLC lifted its holdings in Mission Produce by 171.9% in the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after acquiring an additional 100,055 shares during the last quarter. Barclays PLC lifted its holdings in Mission Produce by 308.8% in the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock valued at $860,000 after acquiring an additional 50,680 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Mission Produce in the 3rd quarter valued at about $440,000. Institutional investors own 63.57% of the company’s stock.

Insider Activity

In related news, insider Juan R. Wiesner sold 21,892 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $10.05, for a total value of $220,014.60. Following the transaction, the insider now owns 21,412 shares in the company, valued at approximately $215,190.60. This represents a 50.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephen J. Barnard sold 103,847 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $14.53, for a total value of $1,508,896.91. Following the completion of the transaction, the chief executive officer now owns 1,790,966 shares in the company, valued at $26,022,735.98. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 262,132 shares of company stock worth $3,364,617 in the last 90 days. Company insiders own 35.41% of the company’s stock.

Mission Produce Price Performance

Shares of NASDAQ AVO opened at $9.76 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a twelve month low of $9.54 and a twelve month high of $15.25. The company has a market capitalization of $693.66 million, a price-to-earnings ratio of 19.14 and a beta of 0.47. The firm has a 50-day moving average of $11.69 and a two-hundred day moving average of $12.46.

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.