Just food for thought here, my own personal opinion. But Dole going private will drive mutual funds to transfer their stake from Dole to companies like CQB and Del Monte so they can keep the same market share. So I think over time as the Dole privatizations is complete CQB and Del Monte will increase more over time. So maybe a big institution gobbled up a bunch of shares today?
This CEO is known for his turnaround abilities, and for under selling future expectations. The investment community has a lot of faith in his abilities, and the stars may be aligning well for CQB over the next couple of year. Just my opinion.
Look into his "turnaround" experience. It doesn't exist. He was a regional sales guy in Europe with Gillette and then CEO of Diversey whose value went from ~4$ billion to ~$2 billion under his watch. Cost cutting was his only tool, and based on the operations at CQB so far I don't even see that.