Brandes Investment Partners LP Sells 51,223 Shares of Cal-Maine Foods, Inc. (CALM)
Brandes Investment Partners LP decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 17.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,625 shares of the basic materials company’s stock after selling 51,223 shares during the quarter. Brandes Investment Partners LP owned approximately 0.51% of Cal-Maine Foods worth $13,206,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in Cal-Maine Foods by 22.9% during the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 590 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Cal-Maine Foods by 48.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 1,111 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Cal-Maine Foods by 138.3% during the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 2,118 shares during the last quarter. Sei Investments Co. boosted its holdings in Cal-Maine Foods by 42.4% during the third quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Aviance Capital Management LLC acquired a new position in Cal-Maine Foods during the second quarter worth $191,000. Institutional investors and hedge funds own 66.31% of the company’s stock.
Shares of Cal-Maine Foods, Inc. (NASDAQ CALM) opened at $49.65 on Thursday. 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, Inc. has a 1 year low of $33.40 and a 1 year high of $49.75.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. The firm had revenue of $262.80 million for the quarter, compared to the consensus estimate of $265.50 million. During the same period last year, the company posted ($0.64) earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. equities research analysts forecast that Cal-Maine Foods, Inc. will post 0.9 earnings per share for the current year.
Several research analysts recently commented on CALM shares. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Friday, November 17th. Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Cal-Maine Foods presently has a consensus rating of “Hold” and an average price target of $40.08.
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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