Brandes Investment Partners LP cut its holdings in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 26.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 182,522 shares of the basic materials company’s stock after selling 66,103 shares during the period. Brandes Investment Partners LP’s holdings in Cal-Maine Foods were worth $8,113,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in 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. Cubist Systematic Strategies LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter worth approximately $127,000. Sei Investments Co. lifted its holdings in 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. Crossmark Global Holdings Inc. acquired a new stake in Cal-Maine Foods during the 3rd quarter worth approximately $252,000. Finally, National Investment Services Inc. WI acquired a new stake in Cal-Maine Foods during the 4th quarter worth approximately $256,000. Institutional investors own 62.79% of the company’s stock.
Shares of Cal-Maine Foods Inc (CALM) opened at $43.35 on Wednesday. Cal-Maine Foods Inc has a fifty-two week low of $33.40 and a fifty-two week high of $50.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 2.78.
A number of research firms have issued reports on CALM. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a report on Thursday, February 15th. BidaskClub lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Cleveland Research upgraded shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a report on Saturday, December 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.80.
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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