Wells Fargo & Company MN raised its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 54.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,114 shares of the company’s stock after buying an additional 53,565 shares during the period. Wells Fargo & Company MN owned about 0.86% of Calavo Growers worth $11,062,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Acrospire Investment Management LLC boosted its holdings in shares of Calavo Growers by 561.8% in the second quarter. Acrospire Investment Management LLC now owns 1,767 shares of the company’s stock valued at $122,000 after purchasing an additional 1,500 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Calavo Growers in the second quarter valued at approximately $128,000. Pinebridge Investments L.P. boosted its holdings in shares of Calavo Growers by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock valued at $140,000 after purchasing an additional 29 shares during the period. Aviance Capital Management LLC purchased a new stake in shares of Calavo Growers in the second quarter valued at approximately $153,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Calavo Growers by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,444 shares of the company’s stock valued at $169,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

A number of analysts recently issued reports on CVGW shares. BidaskClub lowered Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Lake Street Capital reiterated a “buy” rating and issued a $91.00 price target (up previously from $76.00) on shares of Calavo Growers in a report on Wednesday, December 20th. Finally, Stephens boosted their price target on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Calavo Growers currently has an average rating of “Buy” and an average price target of $88.00.

In related news, insider James E. Snyder sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $70.19, for a total value of $52,642.50. Following the completion of the transaction, the insider now owns 11,095 shares of the company’s stock, valued at $778,758.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.90% of the company’s stock.

Calavo Growers, Inc. (NASDAQ CVGW) opened at $78.70 on Tuesday. The company has a market cap of $1,380.00, a P/E ratio of 36.95 and a beta of 0.65. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $83.00.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $297.40 million. Calavo Growers had a net margin of 3.47% and a return on equity of 16.01%. Calavo Growers’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. equities analysts anticipate that Calavo Growers, Inc. will post 2.86 earnings per share for the current fiscal year.

The firm also recently disclosed an annual dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a $0.95 dividend. This is an increase from Calavo Growers’s previous annual dividend of $0.90. The ex-dividend date was Thursday, November 16th. This represents a yield of 1.29%. Calavo Growers’s payout ratio is 44.60%.

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Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

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