BlackRock Inc. Purchases 95,337 Shares of Cal-Maine Foods Inc (CALM)
BlackRock Inc. boosted its position in Cal-Maine Foods Inc (NASDAQ:CALM) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,540,607 shares of the basic materials company’s stock after acquiring an additional 95,337 shares during the period. BlackRock Inc. owned 9.34% of Cal-Maine Foods worth $192,066,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP bought a new position in Cal-Maine Foods during the third quarter worth about $500,000. Wells Fargo & Company MN lifted its holdings in shares of Cal-Maine Foods by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 570,801 shares of the basic materials company’s stock valued at $27,569,000 after purchasing an additional 53,604 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cal-Maine Foods by 3.1% during the 3rd quarter. American Century Companies Inc. now owns 98,436 shares of the basic materials company’s stock valued at $4,754,000 after purchasing an additional 2,930 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Cal-Maine Foods during the 3rd quarter valued at about $554,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Cal-Maine Foods by 116.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 359,099 shares of the basic materials company’s stock valued at $17,346,000 after purchasing an additional 192,912 shares in the last quarter. Institutional investors and hedge funds own 63.81% of the company’s stock.
Several research firms have recently weighed in on CALM. BidaskClub cut Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 27th. ValuEngine cut Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, November 30th. Vertical Group cut Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. Stephens began coverage on Cal-Maine Foods in a report on Monday, March 4th. They set an “equal weight” rating on the stock. Finally, TheStreet cut Cal-Maine Foods from a “b-” rating to a “c+” rating in a report on Friday, December 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $54.50.
Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Friday, January 4th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). Cal-Maine Foods had a net margin of 12.84% and a return on equity of 17.78%. The firm had revenue of $356.00 million during the quarter, compared to analyst estimates of $362.73 million. During the same period in the prior year, the business posted $0.55 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year.
About Cal-Maine Foods
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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