Randolph Co Inc buys $4,801,754 stake in Cal-Maine Foods Inc (CALM)

Cal-Maine Foods Inc (CALM) : Randolph Co Inc scooped up 59,190 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 Oct 7, 2016. The investment management firm now holds a total of 124,430 shares of Cal-Maine Foods Inc which is valued at $4,801,754.Cal-Maine Foods Inc makes up approximately 1.23% of Randolph Co Inc’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in CALM in the latest quarter, The investment management firm added 11,696 additional shares and now holds a total of 39,626 shares of Cal-Maine Foods Inc which is valued at $1,529,167. Cal-Maine Foods Inc makes up approx 0.29% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CALM by selling 5,423 shares or 47.97% in the most recent quarter. The Hedge Fund company now holds 5,881 shares of CALM which is valued at $224,948.Independent Portfolio Consultants reduced its stake in CALM by selling 30 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 440 shares of CALM which is valued at $16,830. Cal-Maine Foods Inc makes up approx 0.01% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added CALM to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $497.

Cal-Maine Foods Inc opened for trading at $38.56 and hit $39.06 on the upside on Friday, eventually ending the session at $38.59, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 6,91,274 shares. Company has a market cap of $1,873 M.

On the company’s financial health, Cal-Maine Foods Inc reported $-0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.31 based on the information available during the earnings call on Sep 26, 2016. Analyst had a consensus of $-0.33. The company had revenue of $239.80 million for the quarter, compared to analysts expectations of $268.78 million. The company’s revenue was down -60.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.95 EPS.

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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