Bessemer Group Inc. increased its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 37.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,404 shares of the company’s stock after purchasing an additional 2,554 shares during the quarter. Bessemer Group Inc.’s holdings in Calavo Growers were worth $908,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CVGW. Stone Ridge Asset Management LLC acquired a new stake in shares of Calavo Growers during the 3rd quarter worth approximately $471,000. Cadence Capital Management LLC boosted its position in shares of Calavo Growers by 20.0% during the 3rd quarter. Cadence Capital Management LLC now owns 30,784 shares of the company’s stock worth $2,974,000 after acquiring an additional 5,140 shares in the last quarter. Penobscot Investment Management Company Inc. acquired a new stake in shares of Calavo Growers during the 3rd quarter worth approximately $208,000. Moody Aldrich Partners LLC boosted its position in shares of Calavo Growers by 19.1% during the 3rd quarter. Moody Aldrich Partners LLC now owns 65,405 shares of the company’s stock worth $6,318,000 after acquiring an additional 10,466 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Calavo Growers during the 3rd quarter worth approximately $206,000. 88.15% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on CVGW shares. Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Vertical Group downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Lake Street Capital set a $109.00 price objective on shares of Calavo Growers and gave the company a “buy” rating in a research note on Friday, September 7th. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Finally, Buckingham Research downgraded shares of Calavo Growers from a “buy” rating to a “neutral” rating and set a $98.00 price objective for the company. in a research note on Tuesday, September 4th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $101.50.

In other news, Director Marc Laurence Brown sold 343 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $95.74, for a total transaction of $32,838.82. Following the completion of the transaction, the director now owns 11,343 shares of the company’s stock, valued at $1,085,978.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Lecil E. Cole sold 100,296 shares of the firm’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $103.68, for a total transaction of $10,398,689.28. Following the transaction, the chairman now directly owns 571,071 shares of the company’s stock, valued at approximately $59,208,641.28. The disclosure for this sale can be found here. 8.40% of the stock is owned by corporate insiders.

Shares of NASDAQ:CVGW opened at $96.22 on Tuesday. The company has a market capitalization of $1.70 billion, a P/E ratio of 34.74 and a beta of 0.48. Calavo Growers, Inc. has a one year low of $70.00 and a one year high of $108.00.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Wednesday, September 5th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.08. The business had revenue of $296.50 million during the quarter, compared to the consensus estimate of $305.12 million. Calavo Growers had a net margin of 4.04% and a return on equity of 18.68%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities analysts expect that Calavo Growers, Inc. will post 2.87 earnings per share for the current year.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be paid a $1.00 dividend. This is an increase from Calavo Growers’s previous annual dividend of $0.95. The ex-dividend date is Thursday, November 15th. This represents a yield of 1%. Calavo Growers’s dividend payout ratio is presently 46.95%.

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Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

Further Reading: How mutual funds make money

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

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