Nationwide Fund Advisors lowered its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,938 shares of the basic materials company’s stock after selling 1,316 shares during the period. Nationwide Fund Advisors’ holdings in Cal-Maine Foods were worth $660,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its position in Cal-Maine Foods by 8.2% in the fourth quarter. State Street Corp now owns 701,279 shares of the basic materials company’s stock valued at $30,981,000 after buying an additional 52,947 shares during the period. Norges Bank bought a new position in Cal-Maine Foods during the fourth quarter valued at approximately $9,300,000. Philadelphia Trust Co. raised its position in Cal-Maine Foods by 12.1% in the fourth quarter. Philadelphia Trust Co. now owns 103,605 shares of the basic materials company’s stock valued at $4,577,000 after buying an additional 11,145 shares during the period. Russell Investments Group Ltd. bought a new position in Cal-Maine Foods during the fourth quarter valued at approximately $3,342,000. Finally, Teachers Advisors LLC raised 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. 61.84% of the stock is owned by institutional investors.
Cal-Maine Foods, Inc. (CALM) opened at 37.70 on Friday. The company has a 50-day moving average price of $38.39 and a 200-day moving average price of $39.62. The company’s market capitalization is $1.83 billion. Cal-Maine Foods, Inc. has a one year low of $35.10 and a one year high of $46.71.
Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Monday, March 27th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. Cal-Maine Foods had a negative net margin of 4.55% and a negative return on equity of 5.67%. The firm had revenue of $306.50 million during the quarter, compared to the consensus estimate of $331.87 million. During the same quarter last year, the firm posted $1.33 EPS. The business’s revenue was down 31.9% on a year-over-year basis. Equities research analysts anticipate that Cal-Maine Foods, Inc. will post ($1.11) EPS for the current year.
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Several equities analysts have recently commented on CALM shares. ValuEngine raised Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a report on Friday, March 24th. Cleveland Research lowered Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) lowered Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective for the company. in a report on Friday, June 16th. Finally, DA Davidson reissued a “buy” rating and issued a $35.00 price objective (down from $37.00) on shares of Cal-Maine Foods in a report on Wednesday, March 22nd. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Sell” and a consensus target price of $36.70.
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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