Before the opening bell on Monday morning, Cal-Maine Foods (CALM) released its third quarter financial results. Here’s what the results mean for mutual fund investors.
Inside CALM’s Results
Earnings
The company reported earnings of $50.9 million, or $1.05 per share, compared to $42.9 million, or 89 cents per share, last year. On average, analysts expected to see EPS of $1.10.
Revenue
Sales increased 11% to $437.36 million from $395.52 million. Analysts expected to see revenue of $410.7 million.
Higher Demand For Specialty Eggs
Although the company missed earnings estimates, CALM saw a surge in specialty egg sales. Speciality egg volumes increased 22% during the third quarter, and the company expects sales to continue driving growth.
Mutual Funds to Watch
Investors interested in CALM may also consider the following mutual funds as an alternative to investing directly in the stock. The funds below currently hold the largest stakes in the company:
| Symbol | Mutual Fund | Stake |
|---|---|---|
| RYPRX | Royce Premier Invmt | 4.77% |
| NAESX | Vanguard Small Cap Index | 3.86% |
| VTSMX | Vanguard Total Stock Mkt Idx | 2.30% |
The Bottom Line
The funds listed above allow investors to gain exposure to CALM while remaining diversified. Investors interested in CALM should also consider Pilgrim’s Pride (PPC).
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