Juan R. Wiesner Sells 75,153 Shares of Mission Produce, Inc. (NASDAQ:AVO) Stock

Mission Produce, Inc. (NASDAQ:AVO) insider Juan R. Wiesner sold 75,153 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $10.08, for a total value of $757,542.24. Following the completion of the sale, the insider now directly owns 1,000,000 shares in the company, valued at approximately $10,080,000. This represents a 6.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Mission Produce Stock Down 0.8 %

Shares of NASDAQ AVO traded down $0.08 during trading on Thursday, reaching $10.05. The company had a trading volume of 391,760 shares, compared to its average volume of 269,577. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.23. Mission Produce, Inc. has a 12-month low of $9.54 and a 12-month high of $15.25. The stock has a market cap of $714.27 million, a PE ratio of 19.71 and a beta of 0.47. The business’s 50-day moving average is $11.78 and its 200 day moving average is $12.48.

Institutional Investors Weigh In On Mission Produce

Institutional investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of Mission Produce during the fourth quarter valued at $34,000. New York State Teachers Retirement System purchased a new stake in shares of Mission Produce during the fourth quarter valued at $57,000. Ameriflex Group Inc. purchased a new stake in shares of Mission Produce during the fourth quarter valued at $57,000. State of Wyoming purchased a new stake in shares of Mission Produce during the fourth quarter valued at $63,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Mission Produce during the third quarter valued at $76,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

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.