Cal-Maine Foods Inc (CALM) Shares Bought by Legal & General Group Plc
Legal & General Group Plc boosted its holdings in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,534 shares of the basic materials company’s stock after purchasing an additional 2,589 shares during the period. Legal & General Group Plc owned about 0.12% of Cal-Maine Foods worth $2,489,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC purchased a new position in shares of Cal-Maine Foods during the 2nd quarter worth approximately $78,336,000. Aberdeen Asset Management PLC UK grew its holdings in shares of Cal-Maine Foods by 6.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,610,763 shares of the basic materials company’s stock worth $63,786,000 after acquiring an additional 93,704 shares during the period. State Street Corp grew its holdings in shares of Cal-Maine Foods by 4.2% during the 2nd quarter. State Street Corp now owns 757,120 shares of the basic materials company’s stock worth $29,984,000 after acquiring an additional 30,863 shares during the period. Northern Trust Corp grew its holdings in shares of Cal-Maine Foods by 2.5% during the 2nd quarter. Northern Trust Corp now owns 497,899 shares of the basic materials company’s stock worth $19,717,000 after acquiring an additional 12,075 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Cal-Maine Foods by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 389,780 shares of the basic materials company’s stock worth $15,435,000 after acquiring an additional 9,481 shares during the period. Institutional investors own 62.97% of the company’s stock.
Shares of Cal-Maine Foods Inc (CALM) opened at $44.55 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.67 and a quick ratio of 4.14. The firm has a market capitalization of $2,130.00, a P/E ratio of -36.22 and a beta of 0.77. Cal-Maine Foods Inc has a 52 week low of $33.40 and a 52 week high of $50.40.
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 for the quarter, missing the consensus estimate of ($0.15) by ($0.18). The company had revenue of $262.80 million during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.64) EPS. analysts forecast that Cal-Maine Foods Inc will post 0.9 earnings per share for the current fiscal year.
A number of research analysts have weighed in on CALM shares. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Friday, November 17th. Cleveland Research upgraded Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research note on Friday, December 22nd. Finally, BidaskClub downgraded Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.00.
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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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