Dimensional Fund Advisors LP cut its stake in Cal-Maine Foods Inc (NASDAQ:CALM) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,231 shares of the basic materials company’s stock after selling 1,921 shares during the period. Dimensional Fund Advisors LP owned approximately 2.13% of Cal-Maine Foods worth $42,547,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CALM. Public Employees Retirement System of Ohio raised its holdings in shares of Cal-Maine Foods by 22.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after buying an additional 590 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Cal-Maine Foods by 48.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after buying an additional 1,111 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Cal-Maine Foods by 42.4% during the 3rd quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after buying an additional 1,156 shares in the last quarter. Aviance Capital Management LLC acquired a new position in shares of Cal-Maine Foods during the 2nd quarter worth $191,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Cal-Maine Foods during the 3rd quarter worth $252,000. 62.97% of the stock is owned by hedge funds and other institutional investors.
CALM has been the subject of a number of research analyst reports. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd. Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, November 17th. BidaskClub cut Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Cleveland Research raised Cal-Maine Foods from a “sell” rating to a “neutral” rating in a report on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.00.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Friday, January 5th. The basic materials company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.15). The firm had revenue of $361.20 million for the quarter, compared to the consensus estimate of $370.85 million. Cal-Maine Foods had a negative return on equity of 1.15% and a negative net margin of 5.18%. The company’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) EPS. analysts forecast that Cal-Maine Foods Inc will post 1 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.
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