Mutual of America Capital Management LLC Lowers Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Mutual of America Capital Management LLC trimmed its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,122 shares of the basic materials company’s stock after selling 568 shares during the period. Mutual of America Capital Management LLC’s holdings in Cal-Maine Foods were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. SG Americas Securities LLC lifted its position in Cal-Maine Foods by 362.8% during the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock valued at $966,000 after purchasing an additional 12,387 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Cal-Maine Foods by 162.0% during the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after purchasing an additional 38,693 shares during the period. AE Wealth Management LLC grew its holdings in Cal-Maine Foods by 267.4% during the 2nd quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock valued at $1,085,000 after purchasing an additional 12,917 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of Cal-Maine Foods by 47.6% in the second quarter. Main Street Financial Solutions LLC now owns 28,343 shares of the basic materials company’s stock worth $1,732,000 after buying an additional 9,145 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Cal-Maine Foods during the 2nd quarter valued at about $368,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stephens began coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd.

Cal-Maine Foods Trading Up 0.5 %

CALM opened at $97.15 on Thursday. The firm has a 50 day moving average of $87.07 and a two-hundred day moving average of $72.75. The firm has a market capitalization of $4.76 billion, a PE ratio of 11.13 and a beta of -0.12. Cal-Maine Foods, Inc. has a 12-month low of $46.30 and a 12-month high of $99.63.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. During the same period last year, the firm earned $0.02 earnings per share. Cal-Maine Foods’s revenue for the quarter was up 71.1% compared to the same quarter last year. As a group, analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Cal-Maine Foods Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.