<div id="readability-page-1"><p>Mission Produce (NASDAQ:AVO - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.08, Zacks reports. Mission Produce had a return on equity of 7.89% and a net margin of 2.73%.</p><div><p><span></span><span>Get <strong>Mission Produce</strong> alerts:</span></p></div><h2>Mission Produce Stock Down 0.1%</h2><ul><li>2 Avocado Stocks Proving the Superfood Can Be a Super Investment</li></ul><p>AVO stock traded down $0.01 during trading on Thursday, reaching $13.13. 732,978 shares of the stock were exchanged, compared to its average volume of 349,786. The firm's 50 day moving average is $12.00 and its 200 day moving average is $12.12. The firm has a market cap of $927.24 million, a P/E ratio of 24.31 and a beta of 0.58. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 0.25. Mission Produce has a twelve month low of $9.56 and a twelve month high of $15.25. </p><h2>Analyst Ratings Changes</h2><p>AVO has been the topic of a number of analyst reports. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Mission Produce in a research note on Wednesday, October 8th. Zacks Research cut shares of Mission Produce from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Monday, November 10th. Roth Capital lifted their price objective on Mission Produce from $16.00 to $17.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, September 9th. Finally, Stephens assumed coverage on Mission Produce in a research note on Friday, September 12th. They issued an &#34;overweight&#34; rating and a $17.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $17.00.</p><ul><li>Is It Time to Take A Bite Of Mission Produce?</li></ul><p><b>Read Our Latest Analysis on AVO</b></p><h2>Insider Buying and Selling</h2><p>In other news, major shareholder Holdings Venture Globalharvest acquired 5,262 shares of the firm's stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $12.46 per share, for a total transaction of $65,564.52. Following the completion of the acquisition, the insider directly owned 7,245,999 shares in the company, valued at $90,285,147.54. The trade was a 0.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased a total of 130,811 shares of company stock valued at $1,552,487 over the last ninety days. Company insiders own  35.41% of the company's stock. </p><h2>Hedge Funds Weigh In On Mission Produce</h2><p>A number of hedge funds have recently bought and sold shares of AVO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of  Mission Produce by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,825 shares of the company's stock valued at $271,000 after purchasing an additional 1,092 shares during the last quarter.  Magnetar Financial LLC boosted its holdings in  Mission Produce by 12.6% during the third quarter. Magnetar Financial LLC now owns 12,106 shares of the company's stock worth $146,000 after purchasing an additional 1,351 shares during the last quarter.  The Manufacturers Life Insurance Company grew its position in  Mission Produce by 12.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,598 shares of the company's stock worth $218,000 after purchasing an additional 2,040 shares in the last quarter.  Quarry LP purchased a new stake in  Mission Produce in the 3rd quarter valued at about $29,000.  Finally, Tower Research Capital LLC TRC lifted its position in shares of  Mission Produce by 211.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company's stock worth $54,000 after buying an additional 3,158 shares in the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors. </p><h2>Mission Produce Company Profile</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Mission Produce</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>Forget the Chips: 4 Industrial Plays for the AI Rebound</li><li>Value Investing: Is it a Good Strategy in 2022? <span>Hint: Always<span></span></span></li><li>MongoDB Could Hit Record Highs—But You’ll Need to Move Fast</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVZP?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVZP"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Mission Produce Right Now?</h2><p>Before you consider Mission Produce, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mission Produce wasn't on the list.</p><p>While Mission Produce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Mission Produce (NASDAQ:AVO) reported quarterly earnings of $0.27 per share, surpassing analysts' expectations of $0.19. The company achieved a return on equity of 7.89% and a net margin of 2.73%. Despite the positive earnings, AVO stock slightly decreased by $0.01 to $13.13. Analysts have mixed ratings on the stock, with a consensus price target of $17.00. Insider and institutional activities show significant stock purchases, with 63.57% owned by hedge funds and institutional investors.</p>

Mission Produce (NASDAQ:AVO) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS