Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Mission Produce, Inc. (NASDAQ:AVO - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 101,012 shares of the company's stock, valued at approximately $1,295,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of Mission Produce as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Creative Planning increased its position in Mission Produce by 8.3% in the 3rd quarter. Creative Planning now owns 11,226 shares of the company's stock worth $144,000 after buying an additional 858 shares during the period. Price T Rowe Associates Inc. MD increased its position in Mission Produce by 15.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company's stock worth $166,000 after acquiring an additional 1,870 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mission Produce by 22.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company's stock valued at $123,000 after purchasing an additional 2,332 shares during the period. XTX Topco Ltd boosted its holdings in Mission Produce by 18.7% in the 2nd quarter. XTX Topco Ltd now owns 19,179 shares of the company's stock valued at $189,000 after purchasing an additional 3,025 shares during the period. Finally, Lazard Asset Management LLC grew its position in Mission Produce by 245.2% in the 1st quarter. Lazard Asset Management LLC now owns 4,381 shares of the company's stock worth $52,000 after purchasing an additional 3,112 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company's stock.
In other Mission Produce news, Director Taylor Family Investments, Llc sold 100,100 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $13.25, for a total transaction 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 1.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Luis A. Gonzalez sold 49,331 shares of Mission Produce stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.03, for a total transaction of $642,782.93. Following the sale, the director now owns 7,398,902 shares of the company's stock, valued at approximately $96,407,693.06. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 296,059 shares of company stock worth $3,920,360. Corporate insiders own 41.60% of the company's stock.
AVO has been the topic of several recent research reports. Roth Mkm lifted their price objective on Mission Produce from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Lake Street Capital reiterated a "buy" rating and issued a $15.00 price objective on shares of Mission Produce in a research note on Tuesday, September 10th.
Check Out Our Latest Stock Report on Mission Produce
Shares of AVO opened at $13.04 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02. The company has a market cap of $924.67 million, a price-to-earnings ratio of 39.52 and a beta of 0.50. The stock has a fifty day moving average price of $12.71 and a two-hundred day moving average price of $11.57. Mission Produce, Inc. has a 52-week low of $8.19 and a 52-week high of $14.17.
Mission Produce (NASDAQ:AVO - Get Free Report) last released 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. Mission Produce had a return on equity of 6.69% and a net margin of 2.06%. The business had revenue of $324.00 million during the quarter, compared to analysts' expectations of $229.90 million. Analysts predict that Mission Produce, Inc. will post 0.39 EPS for the current fiscal year.
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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