Pinebridge Investments L.P. Grows Holdings in Cal-Maine Foods Inc (CALM)

Pinebridge Investments L.P. grew its holdings in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,035 shares of the basic materials company’s stock after buying an additional 14,648 shares during the quarter. Pinebridge Investments L.P.’s holdings in Cal-Maine Foods were worth $2,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Cal-Maine Foods by 4.2% during the second quarter. State Street Corp now owns 757,120 shares of the basic materials company’s stock worth $29,984,000 after purchasing an additional 30,863 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Cal-Maine Foods by 5.5% during the third quarter. Allianz Asset Management GmbH now owns 400,970 shares of the basic materials company’s stock worth $16,480,000 after purchasing an additional 20,866 shares in the last quarter. South Dakota Investment Council acquired a new position in shares of Cal-Maine Foods during the third quarter worth $2,193,000. Piedmont Investment Advisors LLC acquired a new position in shares of Cal-Maine Foods during the second quarter worth $255,000. Finally, TD Asset Management Inc. lifted its position in shares of Cal-Maine Foods by 10.9% during the third quarter. TD Asset Management Inc. now owns 58,112 shares of the basic materials company’s stock worth $2,388,000 after purchasing an additional 5,700 shares in the last quarter. Institutional investors own 62.79% of the company’s stock.

A number of research analysts have recently commented on CALM shares. BidaskClub cut shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Friday, November 17th. Finally, Cleveland Research raised shares of Cal-Maine Foods from a “sell” rating to a “neutral” rating in a research report on Saturday, December 30th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Cal-Maine Foods currently has an average rating of “Hold” and a consensus price target of $38.80.

Cal-Maine Foods Inc (CALM) opened at $42.80 on Wednesday. Cal-Maine Foods Inc has a 12-month low of $33.40 and a 12-month high of $50.40. The company has a current ratio of 2.78, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Friday, January 5th. The basic materials company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.15). Cal-Maine Foods had a negative return on equity of 1.15% and a negative net margin of 5.18%. The firm had revenue of $361.20 million for the quarter, compared to analyst estimates of $370.85 million. During the same period in the previous year, the firm posted ($0.48) earnings per share. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. analysts expect that Cal-Maine Foods Inc will post 1.3 earnings per share for the current year.

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

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