Principal Financial Group Inc. lessened its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,992 shares of the company’s stock after selling 1,728 shares during the period. Principal Financial Group Inc. owned about 0.68% of Calavo Growers worth $8,710,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Calavo Growers by 5.0% in the first quarter. Vanguard Group Inc. now owns 841,649 shares of the company’s stock valued at $51,004,000 after buying an additional 39,812 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Calavo Growers by 9.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 70,933 shares of the company’s stock valued at $4,299,000 after buying an additional 6,279 shares during the last quarter. State Street Corp raised its holdings in shares of Calavo Growers by 7.7% in the first quarter. State Street Corp now owns 364,628 shares of the company’s stock valued at $22,092,000 after buying an additional 26,094 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Calavo Growers by 25.9% in the second quarter. Bank of Montreal Can now owns 3,724 shares of the company’s stock valued at $257,000 after buying an additional 767 shares during the last quarter. Finally, Aperio Group LLC bought a new position in shares of Calavo Growers in the second quarter valued at about $213,000. Institutional investors own 92.22% of the company’s stock.
CVGW has been the subject of a number of research analyst reports. Buckingham Research cut their price target on Calavo Growers from $83.00 to $82.00 and set a “buy” rating for the company in a report on Friday, August 18th. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $79.40.
Calavo Growers, Inc. (NASDAQ CVGW) opened at $75.55 on Wednesday. Calavo Growers, Inc. has a twelve month low of $48.75 and a twelve month high of $77.89. The stock has a market capitalization of $1,345.67, a PE ratio of 36.37 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $301.65 million during the quarter, compared to analysts’ expectations of $278.66 million. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. equities analysts predict that Calavo Growers, Inc. will post 2.05 EPS for the current fiscal year.
The company also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.95 per share. This is a boost from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. The ex-dividend date is Thursday, November 16th. Calavo Growers’s payout ratio is currently 45.89%.
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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).
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