Ritholtz Wealth Management Invests $351,000 in Cal-Maine Foods,
July 6, 2023
☀️Trending News
CAL-MAINE ($NASDAQ:CALM): Ritholtz Wealth Management has recently invested $351,000 in Cal-Maine Foods, Inc., as reported by Defense World. Cal-Maine Foods, Inc. is one of the largest producers and distributors of fresh shell eggs in the United States. It is a publicly-traded company listed on the NASDAQ Global Select Market under the symbol CALM. They produce and market specialty shell eggs, including nutritionally enhanced, cage free, organic, and brown eggs. The company’s core markets are primarily in the southeast and mid-south regions of the United States, however they also distribute shell eggs to customers in the northeast, midwest, and western states.
Cal-Maine Foods, Inc. is committed to providing customers with the highest quality eggs, while also investing in new technologies to improve their operations. This can be seen as a vote of confidence for the company as they continue to grow and expand their operations. With this new influx of capital, Cal-Maine Foods, Inc. is sure to benefit from even more success in the future.
Price History
On Wednesday, Ritholtz Wealth Management announced that it had invested $351,000 into Cal-Maine Foods, Inc. The stock of the company, CAL-MAINE FOODS, opened at $45.5 and closed at $45.2, a decrease of 1.6% from its prior closing price of 45.9. This investment is one of the latest examples of Ritholtz’s commitment to supporting the growth of businesses in the US. The company’s stock has seen volatile trading in recent months, but seems to have stabilized in the last week. Investors hope that the support of Ritholtz will help to bolster CAL-MAINE FOODS’ performance in the days and weeks to come. 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 have analyzed the fundamentals of CAL-MAINE FOODS. Our Risk Rating has determined that CAL-MAINE FOODS is a medium risk investment when it comes to financial and business aspects. We have identified 3 risk warnings in income sheet, balance sheet, and cashflow statement. To find out what these warnings are and to get more insight into CAL-MAINE FOODS’ financial standings, register with us today! 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 a leading producer and marketer of shell eggs in the United States. Recently, Ritholtz Wealth Management has invested $351,000 in the company. Through this investment, Ritholtz Wealth Management is expecting potential long-term capital appreciation from the increasing demand for eggs, primarily in the foodservice industry. CAL-MAINE Foods also has a strong balance sheet and track record of financial performance, which provides investors with greater security and stability for their investments.
Furthermore, CAL-MAINE Foods has demonstrated a commitment to sustainability and animal welfare, which could give it a competitive advantage in the long run. All in all, this investment is deemed to be a wise choice for investors looking for exposure to the egg industry.
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