Cal-Maine Foods Inc (CALM) : Wespac Advisors added new position in Cal-Maine Foods Inc during the most recent quarter end. The investment management firm now holds 32,230 shares of Cal-Maine Foods Inc which is valued at $1,635,995 , the company said in a statement filed on Apr 25, 2016 with the SEC.Cal-Maine Foods Inc makes up approximately 2.03% of Wespac Advisors’s portfolio.
Cal-Maine Foods Inc opened for trading at $50.9 and hit $52.49 on the upside on Monday, eventually ending the session at $52.41, with a gain of 3.25% or 1.65 points. The heightened volatility saw the trading volume jump to 8,22,184 shares. Company has a market cap of $2,544 M.
Other Hedge Funds, Including , Metlife Securities Inc boosted its stake in CALM in the latest quarter, The investment management firm added 1,545 additional shares and now holds a total of 3,883 shares of Cal-Maine Foods Inc which is valued at $196,713. Cal-Maine Foods Inc makes up approx 0.01% of Metlife Securities Inc’s portfolio.First Citizens Bank Trust Co reduced its stake in CALM by selling 11,684 shares or 42.69% in the most recent quarter. The Hedge Fund company now holds 15,686 shares of CALM which is valued at $794,653. Cal-Maine Foods Inc makes up approx 0.07% of First Citizens Bank Trust Co’s portfolio. Sit Investment Associates Inc added CALM to its portfolio by purchasing 950 company shares during the most recent quarter which is valued at $49,343.
On the company’s financial health, Cal-Maine Foods Inc reported $1.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on Mar 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $449.80 million for the quarter, compared to analysts expectations of $442.48 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.
Many Wall Street Analysts have commented on Cal-Maine Foods Inc. Shares were Downgraded by DA Davidson on Mar 29, 2016 to ” Neutral” and Lowered the Price Target to $ 55 from a previous price target of $60 .Cal-Maine Foods Inc was Downgraded by Sidoti to ” Neutral” on Mar 29, 2016. Cal-Maine Foods Inc was Downgraded by BB&T Capital Mkts to ” Underweight” on Mar 4, 2016.
Cal-Maine Foods Inc. is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production grading packaging marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern southeastern mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers including national and regional grocery store chains club stores foodservice distributors and egg product consumers. Some of its sales are completed through co-pack agreements. It has a total flock of approximately 33.7 million layers and 8.4 million pullets and breeders. The Company markets its specialty shell eggs under brands such as Egg-Land’s Best Land O’ Lakes Farmhouse and 4-Grain. The Company also produces markets and distributes private label specialty shell eggs to several customers.