Mutual of America Capital Management LLC Buys 4,689 Shares of Cal-Maine Foods, Inc. (CALM)
Mutual of America Capital Management LLC grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,689 shares of the basic materials company’s stock after acquiring an additional 4,689 shares during the period. Mutual of America Capital Management LLC owned 0.12% of Cal-Maine Foods worth $2,284,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CALM. PNC Financial Services Group Inc. boosted its position in shares of Cal-Maine Foods by 48.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock valued at $135,000 after acquiring an additional 1,111 shares during the period. Bessemer Group Inc. grew its stake in Cal-Maine Foods by 138.3% during the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock valued at $145,000 after acquiring an additional 2,118 shares in the last quarter. Carroll Financial Associates Inc. purchased a new position in Cal-Maine Foods during the second quarter valued at approximately $162,000. FNY Managed Accounts LLC purchased a new position in Cal-Maine Foods during the first quarter valued at approximately $187,000. Finally, Juncture Wealth Strategies LLC purchased a new position in Cal-Maine Foods during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.
A number of analysts recently weighed in on the stock. BidaskClub lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Goldman Sachs Group, Inc. (The) cut shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price on the stock. in a research note on Friday, June 16th. 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 presently has a consensus rating of “Sell” and an average target price of $36.70.
Shares of Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 41.65 on Tuesday. The stock’s market cap is $2.02 billion. Cal-Maine Foods, Inc. has a 12-month low of $33.40 and a 12-month high of $46.15. The firm has a 50 day moving average price of $37.80 and a 200 day moving average price of $37.84.
Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, September 25th. The basic materials company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.18). The firm had revenue of $262.80 million during the quarter, compared to the consensus estimate of $265.50 million. Cal-Maine Foods had a negative return on equity of 8.57% and a negative net margin of 6.91%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.64) earnings per share. On average, equities analysts expect that Cal-Maine Foods, Inc. will post $0.43 EPS for the current year.
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Cal-Maine Foods Company 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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