Pennsylvania Public School Employees Retirement System Increases Investment in Cal-Maine Foods, Inc
June 23, 2023
🌥️Trending News
CAL-MAINE ($NASDAQ:CALM): The Commonwealth of Pennsylvania Public School Employees Retirement System (PSERS) recently announced an increase in its investment in Cal-Maine Foods, Inc. Cal-Maine Foods is a leading producer and marketer of shell eggs in the United States. The additional capital from PSERS will provide Cal-Maine Foods with more financial stability and future growth opportunities. The increased investment will also help to position the company to capitalize on the growing demand for shell eggs. The investment is expected to support the company’s long-term goals and further strengthen its financial position.
Cal-Maine Foods has been able to maintain solid financial performance year after year. These impressive figures make it clear that the additional investment from PSERS will be beneficial for both parties. This new partnership will no doubt lead to more growth opportunities for both parties in the future.
Stock Price
As a result of this move, the stock price of Cal-Maine opened at $48.6 and closed at $49.4, representing an increase of 1.9% from its last closing price of $48.5. The move to increase investment in Cal-Maine is part of PSERS’ ongoing commitment to investing in publicly traded companies that are active in their respective industries. This move was made with the intention of diversifying its portfolio, while also providing additional revenue for the fund.
The increase in the stock price of Cal-Maine is seen as a positive sign by analysts, who note that the company has been performing well and its financials are showing no signs of deterioration. This increase in investment by PSERS is expected to further boost investor confidence in Cal-Maine, as well as improve its long-term prospects. 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 conducted an analysis of CAL-MAINE FOODS‘s financials, and based on our Star Chart, we found the company to be strong in assets, dividends, and growth, and medium in profitability. We gave CAL-MAINE FOODS a health score of 9/10, indicating its capability to sustain future operations in times of crisis due to its healthy cashflows and debt. Furthermore, based on our analysis, CAL-MAINE FOODS is classified as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Such a company may be attractive to investors looking for reliable returns, as well as those looking for long-term investments. 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., a leading producer and distributor of shell eggs in the United States, has seen its stock holdings grow from the Commonwealth of Pennsylvania Public School Employees Retirement System (PSERS). The move is seen as a positive sign for investors, as it indicates that PSERS is confident in the company’s growth potential. Analysts point to Cal-Maine Foods‘ diversified portfolio of egg products, including cage-free and specialty eggs, as well as its highly efficient production capabilities as some of the key drivers of future success. The company is also looking at expanding its distribution channels and customer base, both of which could further bolster its profitability.
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