First Trust Direct Indexing L.P. bought a new stake in Mission Produce, Inc. (NASDAQ:AVO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,085 shares of the company’s stock, valued at approximately $122,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in Mission Produce by 38.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,267 shares of the company’s stock valued at $33,000 after purchasing an additional 629 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Mission Produce by 49.2% during the first quarter. Lazard Asset Management LLC now owns 2,450 shares of the company’s stock worth $30,000 after acquiring an additional 808 shares during the period. Rhumbline Advisers lifted its holdings in Mission Produce by 2.1% in the first quarter. Rhumbline Advisers now owns 46,166 shares of the company’s stock valued at $584,000 after acquiring an additional 951 shares during the period. Victory Capital Management Inc. boosted its position in shares of Mission Produce by 4.9% during the 4th quarter. Victory Capital Management Inc. now owns 23,020 shares of the company’s stock worth $287,000 after purchasing an additional 1,068 shares in the last quarter. Finally, Credit Suisse AG grew its stake in shares of Mission Produce by 4.0% during the 3rd quarter. Credit Suisse AG now owns 29,391 shares of the company’s stock worth $424,000 after purchasing an additional 1,117 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Mission Produce news, Director Luis A. Gonzalez sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $12.16, for a total transaction of $243,200.00. Following the completion of the transaction, the director now owns 345,000 shares of the company’s stock, valued at $4,195,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Mission Produce news, Director Luis A. Gonzalez sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $12.16, for a total transaction of $243,200.00. Following the sale, the director now directly owns 345,000 shares of the company’s stock, valued at approximately $4,195,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis A. Gonzalez sold 100,000 shares of Mission Produce stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $12.00, for a total transaction of $1,200,000.00. Following the sale, the director now owns 8,305,160 shares of the company’s stock, valued at $99,661,920. The disclosure for this sale can be found here. Insiders sold 122,000 shares of company stock worth $1,467,040 in the last ninety days. Insiders own 41.79% of the company’s stock.
Mission Produce Stock Down 1.7 %
Mission Produce (NASDAQ:AVO – Get Free Report) last issued its quarterly earnings data on Monday, September 11th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). The business had revenue of $261.40 million during the quarter, compared to analyst estimates of $241.97 million. Mission Produce had a negative net margin of 5.22% and a positive return on equity of 2.22%. Mission Produce’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. Analysts anticipate that Mission Produce, Inc. will post 0.35 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. decreased their price objective on shares of Mission Produce from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th.
Read Our Latest Stock Report on Mission Produce
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.
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