Nationwide Fund Advisors Sells 387 Shares of Cal-Maine Foods, Inc. (CALM)

Nationwide Fund Advisors lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,551 shares of the basic materials company’s stock after selling 387 shares during the quarter. Nationwide Fund Advisors’ holdings in Cal-Maine Foods were worth $695,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of CALM. UBS Asset Management Americas Inc. lifted its stake in Cal-Maine Foods by 22.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 10,300 shares of the basic materials company’s stock valued at $379,000 after buying an additional 1,900 shares in the last quarter. Prudential Financial Inc. lifted its stake in Cal-Maine Foods by 2.2% in the 1st quarter. Prudential Financial Inc. now owns 61,198 shares of the basic materials company’s stock valued at $2,252,000 after buying an additional 1,298 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Cal-Maine Foods by 1.7% in the 1st quarter. OppenheimerFunds Inc. now owns 23,968 shares of the basic materials company’s stock valued at $882,000 after buying an additional 399 shares in the last quarter. Teachers Advisors LLC lifted its stake in Cal-Maine Foods by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 52,300 shares of the basic materials company’s stock valued at $1,925,000 after buying an additional 1,808 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Cal-Maine Foods by 0.5% in the 1st quarter. Legal & General Group Plc now owns 53,262 shares of the basic materials company’s stock valued at $1,961,000 after buying an additional 283 shares in the last quarter. 61.64% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Nationwide Fund Advisors Sells 387 Shares of Cal-Maine Foods, Inc. (CALM)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/10/31/nationwide-fund-advisors-sells-387-shares-of-cal-maine-foods-inc-calm.html.

A number of equities research analysts recently issued reports on CALM shares. BidaskClub lowered Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.90.

Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) opened at 44.30 on Tuesday. The company has a 50-day moving average price of $41.61 and a 200-day moving average price of $38.60. The stock’s market cap is $2.15 billion. 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 results 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 business had revenue of $262.80 million during the quarter, compared to analyst estimates of $265.50 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.64) EPS. On average, equities analysts expect that Cal-Maine Foods, Inc. will post $0.84 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding CALM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cal-Maine Foods, Inc. (NASDAQ:CALM).

Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

What are top analysts saying about Cal-Maine Foods Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cal-Maine Foods Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit