Mutual of America Capital Management LLC Decreases Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Mutual of America Capital Management LLC trimmed its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 8.5% in the 3rd quarter, Holdings Channel reports. The firm 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 reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CALM. Hantz Financial Services Inc. acquired a new stake in shares of Cal-Maine Foods during the 2nd quarter worth approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in Cal-Maine Foods during the 3rd quarter worth approximately $29,000. Hexagon Capital Partners LLC increased its holdings in Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 155 shares during the period. Krane Funds Advisors LLC acquired a new stake in Cal-Maine Foods in the 3rd quarter valued at about $33,000. Finally, Quarry LP boosted its stake in shares of Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after buying an additional 553 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

CALM stock opened at $97.15 on Thursday. Cal-Maine Foods, Inc. has a 12 month low of $46.30 and a 12 month high of $99.63. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 11.13 and a beta of -0.12. The company has a fifty day moving average price of $87.07 and a 200 day moving average price of $72.75.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) 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 company had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. During the same quarter last year, the firm earned $0.02 EPS. The business’s revenue was up 71.1% on a year-over-year basis. As a group, analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

CALM has been the topic of several research analyst reports. 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 on the stock. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd.

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.