Public Sector Pension investment Board lowered its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 27.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,298 shares of the basic materials company’s stock after selling 5,700 shares during the quarter. Public Sector Pension investment Board’s holdings in Cal-Maine Foods were worth $606,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CALM. BlackRock Inc. grew its holdings in shares of Cal-Maine Foods by 3,766.5% in the first quarter. BlackRock Inc. now owns 3,706,968 shares of the basic materials company’s stock valued at $136,416,000 after purchasing an additional 3,611,093 shares during the period. Brandes Investment Partners LP purchased a new stake in shares of Cal-Maine Foods in the second quarter valued at about $11,874,000. Goldman Sachs Group Inc. grew its holdings in shares of Cal-Maine Foods by 106.2% in the first quarter. Goldman Sachs Group Inc. now owns 295,548 shares of the basic materials company’s stock valued at $10,877,000 after purchasing an additional 152,191 shares during the period. Vanguard Group Inc. grew its holdings in shares of Cal-Maine Foods by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,682,585 shares of the basic materials company’s stock valued at $98,720,000 after purchasing an additional 127,576 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Cal-Maine Foods by 46.5% in the first quarter. Point72 Asset Management L.P. now owns 307,700 shares of the basic materials company’s stock valued at $11,323,000 after purchasing an additional 97,600 shares during the period. 61.67% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. Stephens raised 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 research note on Tuesday, October 3rd. BidaskClub lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.90.
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Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 42.375 on Tuesday. The stock’s market cap is $2.06 billion. The firm’s 50-day moving average is $39.80 and its 200 day moving average is $38.16. Cal-Maine Foods, Inc. has a 52 week low of $33.40 and a 52 week high of $46.15.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The business had revenue of $262.80 million during the quarter, compared to analysts’ expectations of $265.50 million. During the same quarter last year, the firm earned ($0.64) EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Cal-Maine Foods, Inc. will post $0.63 EPS for the current year.
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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