Prudential Financial Inc. reduced its position in shares of Cal-Maine Foods Inc. (NASDAQ:CALM) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 86,907 shares of the company’s stock after selling 5,136 shares during the period. Prudential Financial Inc. owned approximately 0.18% of Cal-Maine Foods worth $3,852,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of CALM. Aberdeen Asset Management PLC UK boosted its stake in shares of Cal-Maine Foods by 94.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 696,032 shares of the company’s stock worth $30,848,000 after buying an additional 338,261 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Cal-Maine Foods during the second quarter worth approximately $11,765,000. Emerald Acquisition Ltd. acquired a new stake in shares of Cal-Maine Foods during the second quarter worth approximately $8,831,000. Neuberger Berman Group LLC boosted its stake in shares of Cal-Maine Foods by 21.3% in the second quarter. Neuberger Berman Group LLC now owns 812,301 shares of the company’s stock worth $36,001,000 after buying an additional 142,392 shares during the period. Finally, Lombardia Capital Partners LLC boosted its stake in shares of Cal-Maine Foods by 1,946.5% in the second quarter. Lombardia Capital Partners LLC now owns 138,979 shares of the company’s stock worth $6,160,000 after buying an additional 132,188 shares during the period. Institutional investors and hedge funds own 63.87% of the company’s stock.
Cal-Maine Foods Inc. (NASDAQ:CALM) opened at 37.64 on Wednesday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 12.82 and a beta of 0.75. Cal-Maine Foods Inc. has a 52 week low of $37.11 and a 52 week high of $62.44. The firm’s 50-day moving average is $41.28 and its 200 day moving average is $44.47.
Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, September 26th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.31. The company had revenue of $239.80 million for the quarter. Cal-Maine Foods had a return on equity of 15.81% and a net margin of 9.23%. The business’s quarterly revenue was down 60.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.95 EPS. On average, equities research analysts expect that Cal-Maine Foods Inc. will post $0.37 EPS for the current year.
CALM has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. TheStreet cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Vetr upgraded shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating and set a $47.11 price objective for the company in a research report on Thursday, July 28th. Finally, DA Davidson restated an “underperform” rating and set a $35.00 price objective (down from $37.00) on shares of Cal-Maine Foods in a research report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.44.
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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