O Shaughnessy Asset Management LLC Invests $700000 in Cal-Maine Foods, Inc
June 1, 2023
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CAL-MAINE ($NASDAQ:CALM): O Shaughnessy Asset Management LLC has recently made an investment of $700,000 in Cal-Maine Foods, Inc., according to Defense World. Cal-Maine Foods, Inc. is the largest producer and distributor of fresh shell eggs in the United States. It also offers egg-related products, such as egg substitutes and pre-cooked egg products. The company operates through its distribution network to customers in the Southeastern United States.
The investment from O Shaughnessy Asset Management LLC is a clear indication of the company’s confidence in Cal-Maine Foods, Inc. The investment will help fund the development of new products and services as well as provide additional capital for expansion. It is also a sign that investors are increasingly more interested in the food industry, especially Cal-Maine Foods, Inc. With the current trends in healthier eating habits and growing concern about animal welfare, it is likely that Cal-Maine Foods, Inc. will continue to be a leader in the egg industry.
Stock Price
On Tuesday, O Shaughnessy Asset Management LLC announced that it had invested $700,000 in Cal-Maine Foods, Inc. The investment came as Cal-Maine Foods’ stock opened at $48.5 and closed at $47.5, a decrease of 2.3% from its previous closing price of $48.6. The announcement of the investment in Cal-Maine Foods reflects the trust O Shaughnessy Asset Management has in the company and its ability to continue to grow despite the challenging market conditions. With the additional investment, O Shaughnessy Asset Management has expressed confidence that Cal-Maine Foods will continue to be successful in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cal-maine Foods. More…
| Total Revenues | Net Income | Net Margin |
| 3.05k | 757.08 | 24.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cal-maine Foods. More…
| Operations | Investing | Financing |
| 811.89 | -453.33 | -152.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cal-maine Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.99k | 457.6 | 31.36 |
Key Ratios Snapshot
Some of the financial key ratios for Cal-maine Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.3% | 42.3% | 32.8% |
| FCF Margin | ROE | ROA |
| 23.0% | 43.7% | 31.4% |
Analysis
At GoodWhale, we recently conducted an analysis of CAL-MAINE FOODS, one of the largest egg producers in the United States. After thoroughly studying their financials, we determined that it is a medium risk investment when considering both financial and business aspects. Specifically, we have identified three risk warnings within CAL-MAINE FOODS’ income sheet, balance sheet, and cashflow statement. If you’d like to access our detailed analysis of this company, register on our website goodwhale.com to learn more. We’re confident that our insights will help you make informed decisions regarding your investment strategies. More…
Peers
The competition among Cal-Maine Foods Inc and its competitors is fierce. Hawaiian Macadamia Nut Orchards LP, Ovostar Union PCL, and Almado Inc are all trying to get a piece of the market share in the macadamia nut industry. While Cal-Maine Foods Inc has the largest market share, its competitors are not far behind and are constantly innovating to try to catch up.
– Hawaiian Macadamia Nut Orchards LP ($LTS:0Q6C)
Ovostar Union PCL is a leading egg and egg products producer in Ukraine with a market share of approximately 25% of the total Ukrainian egg market. The company was founded in 2004 and is headquartered in Kiev, Ukraine. Ovostar Union PCL is listed on the London Stock Exchange.
The company’s market capitalization is $53.62 million as of 2022. The company has a return on equity of -12.79%.
Ovostar Union PCL is a leading egg and egg products producer in Ukraine. The company produces and sells a variety of egg and egg products, including fresh eggs, pasteurized egg products, dry egg products, and egg powder.
– Ovostar Union PCL ($TSE:4932)
Almado Inc is a publicly traded company with a market capitalization of $13.54 billion as of 2022. The company has a return on equity of 13.91%. Almado Inc is a diversified holding company with interests in a number of industries, including healthcare, technology, and consumer goods. The company’s healthcare segment includes a number of subsidiaries that provide services ranging from home healthcare to hospice care. The technology segment includes a number of companies that develop and market software products. The consumer goods segment includes a number of companies that manufacture and sell a variety of products, including food, beverages, and personal care products.
Summary
CAL-MAINE Foods, Inc. is an attractive investment opportunity for those looking to diversify their portfolio. Its diverse range of products and strong financial performance make it an attractive option. O Shaughnessy Asset Management LLC recently increased its holdings in CAL-MAINE Foods, Inc. to approximately $700,000. With its diverse product range and solid financials, CAL-MAINE Foods, Inc. appears to be a good investment opportunity for investors looking for steady growth and potential dividend income.
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