6 Meridian increased its position in Cal-Maine Foods Inc (NASDAQ:CALM) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,673 shares of the basic materials company’s stock after purchasing an additional 1,436 shares during the quarter. 6 Meridian’s holdings in Cal-Maine Foods were worth $884,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CALM. FMR LLC lifted its position in Cal-Maine Foods by 1,482.7% in the first quarter. FMR LLC now owns 100,947 shares of the basic materials company’s stock worth $4,505,000 after purchasing an additional 94,569 shares during the period. First Trust Advisors LP lifted its holdings in shares of Cal-Maine Foods by 16.8% during the first quarter. First Trust Advisors LP now owns 39,149 shares of the basic materials company’s stock valued at $1,747,000 after acquiring an additional 5,618 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of Cal-Maine Foods during the first quarter valued at $161,000. Bank of Montreal Can lifted its holdings in shares of Cal-Maine Foods by 109.0% during the second quarter. Bank of Montreal Can now owns 4,349 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 2,268 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Cal-Maine Foods by 75.9% during the second quarter. LPL Financial LLC now owns 15,555 shares of the basic materials company’s stock valued at $649,000 after acquiring an additional 6,713 shares during the period. 67.04% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on CALM. Cleveland Research raised Cal-Maine Foods from an “underperform” rating to a “neutral” rating in a report on Monday, January 6th. BidaskClub cut Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Saturday. Stephens set a $45.00 price objective on Cal-Maine Foods and gave the company a “hold” rating in a report on Monday, September 23rd. ValuEngine cut Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Cal-Maine Foods presently has an average rating of “Hold” and an average target price of $44.00.
Shares of NASDAQ CALM opened at $38.25 on Wednesday. The stock has a market cap of $1.86 billion, a PE ratio of 32.97 and a beta of 0.41. The business has a fifty day moving average of $42.31 and a two-hundred day moving average of $41.52. Cal-Maine Foods Inc has a 52-week low of $36.65 and a 52-week high of $47.00.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, January 6th. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.24). The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $327.90 million. Cal-Maine Foods had a negative net margin of 2.94% and a negative return on equity of 3.40%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. Equities analysts forecast that Cal-Maine Foods Inc will post 0.23 EPS for the current year.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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