Cal-Maine Foods, Inc. (CALM) Shares Sold by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company lessened its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,374 shares of the basic materials company’s stock after selling 4 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of Cal-Maine Foods worth $966,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Cal-Maine Foods by 4.2% in the 2nd quarter. State Street Corp now owns 757,120 shares of the basic materials company’s stock valued at $29,984,000 after purchasing an additional 30,863 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Cal-Maine Foods in the 2nd quarter valued at approximately $78,336,000. Mountain Lake Investment Management LLC lifted its stake in shares of Cal-Maine Foods by 33.3% in the 2nd quarter. Mountain Lake Investment Management LLC now owns 20,000 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 5,000 shares during the period. Aviance Capital Management LLC purchased a new position in shares of Cal-Maine Foods in the 2nd quarter valued at approximately $191,000. Finally, Royal Bank of Canada lifted its stake in shares of Cal-Maine Foods by 33.6% in the 2nd quarter. Royal Bank of Canada now owns 91,015 shares of the basic materials company’s stock valued at $3,604,000 after purchasing an additional 22,880 shares during the period. Institutional investors own 60.79% of the company’s stock.
Cal-Maine Foods, Inc. (NASDAQ CALM) opened at $44.05 on Tuesday. Cal-Maine Foods, Inc. has a one year low of $33.40 and a one year high of $46.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.67 and a quick ratio of 4.14.
Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). The company had revenue of $262.80 million for the quarter, compared to analysts’ expectations of $265.50 million. Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.64) EPS. equities research analysts predict that Cal-Maine Foods, Inc. will post 0.28 earnings per share for the current fiscal year.
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CALM has been the subject of a number of research analyst reports. BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Cal-Maine Foods presently has an average rating of “Hold” and a consensus price target of $37.90.
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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