Cal-Maine Foods, Inc. (CALM) Stake Decreased by Sei Investments Co.
Sei Investments Co. cut its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 29.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,511 shares of the basic materials company’s stock after selling 2,723 shares during the period. Sei Investments Co.’s holdings in Cal-Maine Foods were worth $239,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of CALM. Russell Investments Group Ltd. acquired a new position in Cal-Maine Foods during the fourth quarter valued at $3,342,000. Teachers Advisors LLC boosted 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 in the last quarter. Philadelphia Trust Co. boosted 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 in the last quarter. Comerica Bank boosted its position in Cal-Maine Foods by 5.8% in the fourth quarter. Comerica Bank now owns 31,804 shares of the basic materials company’s stock valued at $1,368,000 after buying an additional 1,739 shares in the last quarter. Finally, State Street Corp boosted 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 in the last quarter. Hedge funds and other institutional investors own 61.84% of the company’s stock.
Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) opened at 38.20 on Tuesday. The company’s 50-day moving average price is $38.39 and its 200-day moving average price is $39.62. Cal-Maine Foods, Inc. has a 52-week low of $35.10 and a 52-week high of $46.71. The stock’s market cap is $1.86 billion.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, March 27th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.07. The firm had revenue of $306.50 million for the quarter, compared to analysts’ expectations of $331.87 million. Cal-Maine Foods had a negative return on equity of 5.67% and a negative net margin of 4.55%. The company’s revenue for the quarter was down 31.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 earnings per share. On average, equities research analysts forecast that Cal-Maine Foods, Inc. will post ($1.11) earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on CALM shares. Zacks Investment Research cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, March 15th. ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) decreased their price target on Cal-Maine Foods from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, March 27th. Cleveland Research cut Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price target for the company. in a research note on Tuesday, May 30th. Finally, DA Davidson restated a “buy” rating and issued a $35.00 price target (down previously from $37.00) on shares of Cal-Maine Foods in a research note on Wednesday, March 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company has an average rating of “Sell” and a consensus target price of $36.70.
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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