195,064 Shares in Cal-Maine Foods, Inc. (CALM) Purchased by Robecosam AG
Robecosam AG acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 195,064 shares of the basic materials company’s stock, valued at approximately $7,647,000. Robecosam AG owned 0.40% of Cal-Maine Foods at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CALM. Comerica Bank lifted its stake in shares of Cal-Maine Foods by 3.6% in the first quarter. Comerica Bank now owns 32,958 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,154 shares during the period. Swiss National Bank lifted its stake in shares of Cal-Maine Foods by 3.1% in the first quarter. Swiss National Bank now owns 50,400 shares of the basic materials company’s stock worth $1,855,000 after acquiring an additional 1,500 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Cal-Maine Foods by 22.6% in the first quarter. UBS Asset Management Americas Inc. now owns 10,300 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 1,900 shares in the last quarter. Karp Capital Management Corp bought a new stake in Cal-Maine Foods in the first quarter worth approximately $395,000. Finally, Mason Street Advisors LLC increased its holdings in Cal-Maine Foods by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,953 shares of the basic materials company’s stock worth $256,000 after purchasing an additional 455 shares in the last quarter. 61.67% of the stock is currently owned by institutional investors.
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Shares of Cal-Maine Foods, Inc. (NASDAQ CALM) traded down 0.02% during midday trading on Friday, reaching $41.59. The company’s stock had a trading volume of 40,589 shares. The company’s 50-day moving average price is $39.45 and its 200 day moving average price is $38.12. Cal-Maine Foods, Inc. has a 12-month low of $33.40 and a 12-month high of $46.15. The company’s market capitalization is $2.02 billion.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. 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 business posted ($0.64) EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that Cal-Maine Foods, Inc. will post $0.63 earnings per share for the current year.
CALM has been the subject of a number of research analyst reports. BidaskClub downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd. Finally, Goldman Sachs Group, Inc. (The) downgraded Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price for the company. in a report on Friday, June 16th. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.90.
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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