Vanguard Group Inc. Sells 7,949 Shares of Calavo Growers, Inc. (NASDAQ:CVGW)

Vanguard Group Inc. decreased its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,370,068 shares of the company’s stock after selling 7,949 shares during the period. Vanguard Group Inc. owned 7.71% of Calavo Growers worth $34,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in Calavo Growers by 102.2% during the 2nd quarter. FMR LLC now owns 910 shares of the company’s stock worth $38,000 after buying an additional 460 shares during the period. Carmel Capital Partners LLC acquired a new position in Calavo Growers during the 3rd quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new position in Calavo Growers during the 1st quarter worth approximately $37,000. Captrust Financial Advisors raised its stake in Calavo Growers by 17.0% during the 2nd quarter. Captrust Financial Advisors now owns 2,089 shares of the company’s stock worth $87,000 after buying an additional 303 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in Calavo Growers during the 4th quarter worth approximately $62,000. Institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “equal weight” rating and set a $32.00 price target on shares of Calavo Growers in a research note on Wednesday, January 17th.

Calavo Growers Stock Performance

Shares of Calavo Growers stock opened at $24.50 on Thursday. The company has a market cap of $436.10 million, a PE ratio of -37.12 and a beta of 0.65. Calavo Growers, Inc. has a 52 week low of $21.42 and a 52 week high of $38.97. The business has a 50 day moving average price of $27.83 and a 200-day moving average price of $26.84. The company has a quick ratio of 1.70, a current ratio of 2.03 and a debt-to-equity ratio of 0.24.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Monday, March 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.18). The company had revenue of $127.60 million during the quarter, compared to analysts’ expectations of $254.25 million. Calavo Growers had a positive return on equity of 0.49% and a negative net margin of 1.32%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. Equities analysts anticipate that Calavo Growers, Inc. will post 1.04 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, March 28th. Calavo Growers’s dividend payout ratio (DPR) is presently -60.61%.

Calavo Growers Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.