Cliftonlarsonallen Wealth Advisors LLC Maintains Stake in Cal-Maine Foods, Inc. (CALM)
Cliftonlarsonallen Wealth Advisors LLC maintained its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,768 shares of the basic materials company’s stock at the end of the second quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Cal-Maine Foods were worth $664,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC increased its position in Cal-Maine Foods by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 50,492 shares of the basic materials company’s stock valued at $2,230,000 after buying an additional 617 shares during the period. Westpac Banking Corp acquired a new position in Cal-Maine Foods during the first quarter valued at approximately $230,000. Mason Street Advisors LLC increased its position in Cal-Maine Foods by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,953 shares of the basic materials company’s stock valued at $256,000 after buying an additional 455 shares during the period. Prudential Financial Inc. increased its position in Cal-Maine Foods by 2.2% in the first quarter. Prudential Financial Inc. now owns 61,198 shares of the basic materials company’s stock valued at $2,252,000 after buying an additional 1,298 shares during the period. Finally, OppenheimerFunds Inc. increased its position in Cal-Maine Foods by 1.7% in the first quarter. OppenheimerFunds Inc. now owns 23,968 shares of the basic materials company’s stock valued at $882,000 after buying an additional 399 shares during the period. 61.64% of the stock is currently owned by hedge funds and other institutional investors.
Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 36.85 on Tuesday. Cal-Maine Foods, Inc. has a one year low of $33.40 and a one year high of $46.47. The stock has a 50 day moving average of $37.63 and a 200 day moving average of $38.54. The company’s market cap is $1.79 billion.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, July 24th. The basic materials company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.42. Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The business had revenue of $274.60 million during the quarter, compared to analyst estimates of $271.33 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, analysts anticipate that Cal-Maine Foods, Inc. will post $0.26 earnings per share for the current fiscal year.
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Several brokerages have recently issued reports on CALM. BidaskClub cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. ValuEngine upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Cleveland Research cut shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a report on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price on the stock. in a report on Friday, June 16th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.70.
About Cal-Maine Foods
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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