US Bancorp DE trimmed its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 46.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,693 shares of the basic materials company’s stock after selling 1,488 shares during the period. US Bancorp DE’s holdings in Cal-Maine Foods were worth $61,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd lifted its position in shares of Cal-Maine Foods by 104.9% during the first quarter. Point72 Hong Kong Ltd now owns 1,303 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 667 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cal-Maine Foods by 31.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,121 shares of the basic materials company’s stock valued at $149,000 after buying an additional 997 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Cal-Maine Foods in the first quarter valued at approximately $161,000. Mutual of America Capital Management LLC lifted its holdings in Cal-Maine Foods by 7.0% in the first quarter. Mutual of America Capital Management LLC now owns 4,991 shares of the basic materials company’s stock valued at $192,000 after buying an additional 326 shares during the period. Finally, Financial Counselors Inc. acquired a new position in Cal-Maine Foods in the second quarter valued at approximately $203,000. Institutional investors own 78.94% of the company’s stock.
CALM has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a report on Thursday, August 19th. Bank of America downgraded shares of Cal-Maine Foods from a “buy” rating to an “underperform” rating and lowered their target price for the company from $47.00 to $38.00 in a research note on Wednesday, May 26th.
Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Sunday, July 18th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.35). The company had revenue of $349.80 million for the quarter, compared to the consensus estimate of $391.22 million. Cal-Maine Foods had a return on equity of 0.20% and a net margin of 0.15%. The firm’s revenue was down 22.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 EPS. As a group, sell-side analysts predict that Cal-Maine Foods, Inc. will post 0.72 earnings per share for the current fiscal year.
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc engages in the production, grading, packing, marketing, and distribution of fresh shell eggs. The firm operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other properties. It markets shell eggs to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers.
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