Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
Juan R. Wiesner, President of Central and South America at Mission Produce, Inc. (NASDAQ:AVO), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Wiesner sold a total of 97,045 shares of Mission Produce common stock over two days. The timing of these sales comes as the stock trades near its 52-week low of $9.54, having declined about 26% over the past six months. According to InvestingPro analysis, Mission Produce currently appears undervalued based on its Fair Value estimate.
On March 18, Wiesner sold 21,892 shares at an average price of $10.05 per share. The following day, March 19, he sold an additional 75,153 shares at an average price of $10.08 per share. The transactions, which were executed at prices ranging from $9.96 to $10.15, totaled approximately $977,556. Despite recent price weakness, InvestingPro data shows the company maintains a "GOOD" overall financial health score and operates with a moderate level of debt.
Following these sales, Wiesner retains direct ownership of 21,412 shares and indirect ownership of 1,075,153 shares through corporations organized under the laws of Panama. These corporations, Malvenia Company Inc. and Gultas Business Inc., are under Wiesner’s sole control and pecuniary interest. For deeper insights into Mission Produce’s valuation and 10+ additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Mission Produce reported its first-quarter earnings for fiscal year 2025, significantly surpassing forecasts. The company achieved an earnings per share (EPS) of $0.10, exceeding the expected $0.03, and reported revenue of $334.2 million, which was above the anticipated $272 million. Despite these strong financial results, the company’s stock experienced a decline in aftermarket trading. Mission Produce’s revenue increased by 29% year-over-year, reflecting strong operational execution and strategic expansion efforts, including diversification into blueberries and mangoes. However, the company faced a decrease in gross profit margin by 170 basis points and a slight decline in adjusted EBITDA compared to the previous year. The company’s strategic focus includes a projected increase in avocado pricing by 5% in the second quarter and plans to reduce debt. Analysts from Lake Street Capital Markets noted the company’s challenges with supply chain issues in Mexico, which may impact future performance. Mission Produce continues to focus on expanding its global sourcing footprint and diversifying into complementary food categories to drive growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.