Mission Produce, Inc. (NASDAQ:AVO) Shares Bought by XTX Topco Ltd

XTX Topco Ltd raised its stake in Mission Produce, Inc. (NASDAQ:AVO) by 113.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 40,861 shares of the company’s stock after buying an additional 21,682 shares during the period. XTX Topco Ltd’s holdings in Mission Produce were worth $524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Mission Produce by 8.0% in the third quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock valued at $850,000 after purchasing an additional 4,894 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Mission Produce in the 3rd quarter valued at approximately $1,295,000. Dimensional Fund Advisors LP increased its holdings in shares of Mission Produce by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,327,266 shares of the company’s stock worth $13,113,000 after buying an additional 266,489 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Mission Produce during the 3rd quarter valued at approximately $955,000. Finally, American Century Companies Inc. lifted its holdings in Mission Produce by 16.5% in the second quarter. American Century Companies Inc. now owns 70,511 shares of the company’s stock valued at $697,000 after acquiring an additional 10,000 shares during the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jay A. Pack sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $13.41, for a total value of $295,020.00. Following the completion of the transaction, the director now owns 1,115,160 shares of the company’s stock, valued at approximately $14,954,295.60. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $13.25, for a total transaction of $1,326,325.00. Following the sale, the director now directly owns 8,630,002 shares in the company, valued at approximately $114,347,526.50. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,113 shares of company stock valued at $2,592,130. 41.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AVO has been the subject of several recent analyst reports. Lake Street Capital reissued a “buy” rating and set a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th. Roth Mkm raised their price objective on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th.

Mission Produce Stock Down 0.5 %

Shares of NASDAQ AVO opened at $13.16 on Friday. 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 business’s 50 day moving average is $12.74 and its two-hundred day moving average is $11.63. Mission Produce, Inc. has a 52-week low of $8.76 and a 52-week high of $14.17. The firm has a market cap of $933.19 million, a price-to-earnings ratio of 39.88 and a beta of 0.54.

Mission Produce 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.