Cal-Maine Foods, Inc. (CALM) Stake Decreased by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 35.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,170 shares of the basic materials company’s stock after selling 6,093 shares during the quarter. SG Americas Securities LLC’s holdings in Cal-Maine Foods were worth $442,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of Cal-Maine Foods by 106.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 295,548 shares of the basic materials company’s stock worth $10,877,000 after buying an additional 152,191 shares during the last quarter. Teachers Advisors LLC grew its position in shares of 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 worth $1,925,000 after buying an additional 1,808 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Cal-Maine Foods by 40.8% in the 2nd quarter. TD Asset Management Inc. now owns 52,412 shares of the basic materials company’s stock worth $2,076,000 after buying an additional 15,200 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Cal-Maine Foods in the 2nd quarter worth approximately $385,000. Finally, Mason Street Advisors LLC grew its position in shares of Cal-Maine Foods by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 6,953 shares of the basic materials company’s stock worth $256,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 62.05% of the company’s stock.

A number of brokerages have recently weighed in on CALM. BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) lowered Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective on the stock. in a research report on Friday, June 16th. ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Cleveland Research lowered Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, May 30th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Cal-Maine Foods presently has an average rating of “Hold” and a consensus price target of $36.70.

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Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 37.95 on Wednesday. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.15. The stock has a 50 day moving average price of $36.47 and a 200-day moving average price of $37.62. The stock’s market cap is $1.84 billion.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.42). Cal-Maine Foods had a negative return on equity of 8.57% and a negative net margin of 6.91%. The firm had revenue of $274.60 million during the quarter, compared to the consensus estimate of $271.33 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities analysts expect that Cal-Maine Foods, Inc. will post $0.26 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.

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

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