Director Bruce C. Taylor has substantially increased his indirect ownership in Mission Produce, Inc. (NASDAQ: AVO) through a series of recent stock purchases. According to a Form 4 filing with the Securities and Exchange Commission, the transactions totaled approximately $1,128,268. These acquisitions were facilitated indirectly through Taylor Fresh Foods, Inc., an entity over which Mr. Taylor holds sole voting and dispositive power. He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
The purchases were executed over a two-day period in June 2026. On June 22, 2026, 29,717 shares of common stock were acquired at a price of $11.36 each. The following day, June 23, 2026, an additional 70,283 shares were purchased at $11.25 per share. Following these transactions, the indirect holdings by Taylor Fresh Foods, Inc. amount to 855,842 shares. Mr. Taylor also directly holds 755,505 shares of Mission Produce common stock. Additionally, 5,180,193 shares are held indirectly by Taylor Family Investments LLC, a 10% owner, over which Mr. Taylor also has sole voting and dispositive power, disclaiming beneficial ownership except for his pecuniary interest.
These insider purchases come as Mission Produce trades at $11.71, with a market capitalization of $1.03 billion. According to InvestingPro analysis, the stock appears undervalued at current levels. The company remains profitable over the last twelve months, and InvestingPro offers deeper insights through its comprehensive Pro Research Report, available for AVO and 1,400+ other US equities.
In other recent news, Mission Produce Inc. reported second-quarter results that did not meet analyst expectations. The company’s earnings and revenue were impacted by historically low avocado prices and a temporary fruit size mismatch, despite an increase in volume. In light of these results, Freedom Broker analyst Balzhan Tleuzhanova raised the price target for Mission Produce to $16 from $15, maintaining a Buy rating. This adjustment reflects confidence in the company’s future prospects despite the current challenges. Additionally, insider activity was noted with Director Jay A. Pack purchasing 110,719 shares, while his spouse acquired 77,831 shares, both at an average price of $11.34. These insider purchases were recorded in SEC filings.