Mondrian Investment Partners Ltd buys $2,135,797 stake in Cal-Maine Foods Inc (CALM)

Cal-Maine Foods Inc (CALM) : Mondrian Investment Partners Ltd scooped up 14,635 additional shares in Cal-Maine Foods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 50,195 shares of Cal-Maine Foods Inc which is valued at $2,135,797.Cal-Maine Foods Inc makes up approximately 0.05% of Mondrian Investment Partners Ltd’s portfolio.

Other Hedge Funds, Including , Kalos Management sold out all of its stake in CALM during the most recent quarter. The investment firm sold 44,752 shares of CALM which is valued $1,904,198.Gargoyle Investment Advisor L.l.c. reduced its stake in CALM by selling 5,200 shares or 24.44% in the most recent quarter. The Hedge Fund company now holds 16,074 shares of CALM which is valued at $656,623. Cal-Maine Foods Inc makes up approx 0.23% of Gargoyle Investment Advisor L.l.c.’s portfolio. Checchi Capital Advisers added CALM to its portfolio by purchasing 244 company shares during the most recent quarter which is valued at $9,902. Simplex Trading sold out all of its stake in CALM during the most recent quarter. The investment firm sold 3,588 shares of CALM which is valued $148,184.

Cal-Maine Foods Inc opened for trading at $42.7 and hit $43.04 on the upside on Thursday, eventually ending the session at $42.81, with a gain of 0.61% or 0.26 points. The heightened volatility saw the trading volume jump to 4,37,335 shares. Company has a market cap of $2,078 M.

On the company’s financial health, Cal-Maine Foods Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $-0.19. The company had revenue of $303.00 million for the quarter, compared to analysts expectations of $300.69 million. The company’s revenue was down -24.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on Cal-Maine Foods Inc. Cal-Maine Foods Inc was Upgraded by BB&T Capital Mkts to ” Hold” on Jun 16, 2016. Shares were Downgraded by DA Davidson on May 9, 2016 to ” Underperform” and Lowered the Price Target to $ 45 from a previous price target of $55 .

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.

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