Cal-Maine Foods, Inc. (CALM) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 25.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,323 shares of the basic materials company’s stock after purchasing an additional 9,470 shares during the quarter. Parametric Portfolio Associates LLC owned 0.10% of Cal-Maine Foods worth $1,874,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of CALM. BlackRock Inc. raised its position in Cal-Maine Foods by 3,766.5% in the first quarter. BlackRock Inc. now owns 3,706,968 shares of the basic materials company’s stock valued at $136,416,000 after purchasing an additional 3,611,093 shares during the period. Brandes Investment Partners LP purchased a new stake in Cal-Maine Foods in the second quarter valued at $11,874,000. Goldman Sachs Group Inc. raised its position in Cal-Maine Foods by 106.2% in the first quarter. Goldman Sachs Group Inc. now owns 295,548 shares of the basic materials company’s stock valued at $10,877,000 after purchasing an additional 152,191 shares during the period. Vanguard Group Inc. raised its position in Cal-Maine Foods by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,682,585 shares of the basic materials company’s stock valued at $98,720,000 after purchasing an additional 127,576 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its position in Cal-Maine Foods by 6.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,610,763 shares of the basic materials company’s stock valued at $63,786,000 after purchasing an additional 93,704 shares during the period. Institutional investors own 61.58% of the company’s stock.
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Several research firms recently issued reports on CALM. BidaskClub downgraded Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $50.00 in a report on Tuesday, October 3rd. Four investment 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 company presently has a consensus rating of “Hold” and an average price target of $37.90.
Shares of Cal-Maine Foods, Inc. (CALM) opened at $44.05 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.14 and a current ratio of 6.67. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.15.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). The firm had revenue of $262.80 million during the quarter, compared to analysts’ expectations of $265.50 million. Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. Cal-Maine Foods’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.64) EPS. sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 0.28 EPS for the current year.
Cal-Maine Foods Profile
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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