Private Advisor Group LLC Increases Stake in Cal-Maine Foods Inc. (CALM)
Private Advisor Group LLC boosted its position in Cal-Maine Foods Inc. (NASDAQ:CALM) by 16.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,487 shares of the company’s stock after buying an additional 1,197 shares during the period. Private Advisor Group LLC’s holdings in Cal-Maine Foods were worth $383,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALM. BlackRock Inc. boosted its position in Cal-Maine Foods by 2.3% in the first quarter. BlackRock Inc. now owns 310,133 shares of the company’s stock worth $16,099,000 after buying an additional 6,910 shares during the period. Willingdon Wealth Management bought a new stake in shares of Cal-Maine Foods during the first quarter valued at about $2,406,000. Prudential Financial Inc. boosted its stake in shares of Cal-Maine Foods by 0.6% in the first quarter. Prudential Financial Inc. now owns 92,043 shares of the company’s stock valued at $4,777,000 after buying an additional 521 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of Cal-Maine Foods by 3.3% in the first quarter. Teachers Advisors Inc. now owns 45,719 shares of the company’s stock valued at $2,373,000 after buying an additional 1,469 shares during the last quarter. Finally, Icon Advisers Inc. Co. boosted its stake in shares of Cal-Maine Foods by 80.4% in the first quarter. Icon Advisers Inc. Co. now owns 16,600 shares of the company’s stock valued at $862,000 after buying an additional 7,400 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.
Cal-Maine Foods Inc. (NASDAQ:CALM) remained flat at $42.88 during trading on Tuesday. 44,778 shares of the company’s stock were exchanged. Cal-Maine Foods Inc. has a 12-month low of $39.60 and a 12-month high of $63.25. The company has a market cap of $2.08 billion, a P/E ratio of 6.57 and a beta of 0.70. The firm has a 50-day moving average of $43.45 and a 200 day moving average of $46.26.
Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, July 18th. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.18. The firm earned $303 million during the quarter, compared to analysts’ expectations of $304.29 million. Cal-Maine Foods had a net margin of 16.56% and a return on equity of 36.02%. Cal-Maine Foods’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. On average, analysts anticipate that Cal-Maine Foods Inc. will post $1.23 EPS for the current year.
Several brokerages have recently issued reports on CALM. Vetr cut Cal-Maine Foods from a “buy” rating to a “hold” rating and set a $46.84 price objective on the stock. in a research note on Monday, August 29th. Zacks Investment Research cut Cal-Maine Foods from a “buy” rating to a “strong sell” rating in a research note on Friday. Finally, BB&T Corp. upgraded Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research note on Thursday, June 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. Cal-Maine Foods has an average rating of “Hold” and a consensus price target of $52.87.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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