Cetera Investment Advisers purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 77,839 shares of the basic materials company’s stock, valued at approximately $3,088,000. Cetera Investment Advisers owned about 0.16% of Cal-Maine Foods at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in Cal-Maine Foods by 22.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock valued at $125,000 after buying an additional 590 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Cal-Maine Foods by 48.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after buying an additional 1,111 shares during the last quarter. Bessemer Group Inc. increased its stake in Cal-Maine Foods by 138.3% in the 2nd quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock valued at $145,000 after buying an additional 2,118 shares during the last quarter. Carroll Financial Associates Inc. acquired a new stake in Cal-Maine Foods in the 2nd quarter valued at $162,000. Finally, Aviance Capital Management LLC acquired a new stake in Cal-Maine Foods in the 2nd quarter valued at $191,000. Hedge funds and other institutional investors own 61.67% of the company’s stock.
Shares of Cal-Maine Foods, Inc. (NASDAQ CALM) traded down 0.72% on Friday, hitting $41.30. 248,983 shares of the stock were exchanged. The stock’s market cap is $2.01 billion. The stock’s 50-day moving average is $39.80 and its 200-day moving average is $38.15. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.15.
Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). The firm had revenue of $262.80 million during 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 business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.64) EPS. Analysts forecast that Cal-Maine Foods, Inc. will post $0.63 earnings per share for the current year.
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A number of brokerages have recently commented on CALM. Stephens raised shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $50.00 in a research report on Tuesday, October 3rd. BidaskClub raised shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Four analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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