Lazard Asset Management LLC Has $134,000 Position in Mission Produce, Inc. (NASDAQ:AVO)

Lazard Asset Management LLC grew its holdings in shares of Mission Produce, Inc. (NASDAQ:AVOGet Rating) by 286.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,459 shares of the company’s stock after acquiring an additional 7,009 shares during the period. Lazard Asset Management LLC’s holdings in Mission Produce were worth $134,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AVO. PNC Financial Services Group Inc. grew its stake in shares of Mission Produce by 3,991.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,437 shares of the company’s stock valued at $43,000 after buying an additional 3,353 shares during the period. Amalgamated Bank acquired a new stake in shares of Mission Produce in the 1st quarter valued at about $59,000. Van ECK Associates Corp grew its stake in shares of Mission Produce by 46.0% in the 1st quarter. Van ECK Associates Corp now owns 5,108 shares of the company’s stock valued at $65,000 after buying an additional 1,609 shares during the period. Penserra Capital Management LLC grew its stake in shares of Mission Produce by 73.9% in the 1st quarter. Penserra Capital Management LLC now owns 6,530 shares of the company’s stock valued at $82,000 after buying an additional 2,776 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Mission Produce in the 2nd quarter valued at about $149,000. 22.48% of the stock is currently owned by institutional investors and hedge funds.

Mission Produce Price Performance

Shares of NASDAQ AVO opened at $16.57 on Tuesday. Mission Produce, Inc. has a fifty-two week low of $11.04 and a fifty-two week high of $19.74. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 48.77, a PEG ratio of 3.05 and a beta of 0.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 2.17. The firm’s 50-day simple moving average is $15.57 and its 200 day simple moving average is $14.92.

Mission Produce (NASDAQ:AVOGet Rating) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). Mission Produce had a net margin of 2.33% and a return on equity of 4.57%. The business had revenue of $313.20 million during the quarter, compared to the consensus estimate of $292.93 million. During the same period in the previous year, the business posted $0.27 EPS. Mission Produce’s revenue was up 26.9% compared to the same quarter last year. As a group, research analysts anticipate that Mission Produce, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet upgraded Mission Produce from a “c” rating to a “b-” rating in a research note on Tuesday, October 4th.

About Mission Produce

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Mission Produce, Inc engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management.

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Institutional Ownership by Quarter for Mission Produce (NASDAQ:AVO)

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