Cal-Maine Foods is a leading producer and marketer of shell eggs in the United States, focusing on high-quality egg production and sales
The company operates numerous facilities across the country, utilizing modern farming practices to ensure the efficiency and sustainability of its operations. Cal-Maine is committed to providing a variety of egg products, including conventional, cage-free, organic, and nutritional eggs, catering to diverse consumer preferences and dietary needs. Through its extensive distribution network, it supplies major retail outlets, food service operators, and other customers nationwide, emphasizing quality, safety, and innovation in the egg industry.
Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”) today announced that it has entered into an agreement with members of the family of its founder Fred R. Adams, Jr., relating to the potential diversification of their individual financial portfolios. As discussed below, the agreement creates a process for the potential conversion of all of their super voting Class A Common Stock (“Class A Shares”) to Cal-Maine Foods’ Common Stock (“Common Shares”). Should the conversion occur, all the Company’s shares would be a single class, with one vote per share. Because the family-owned controlling stockholder owns all of the Company’s super voting shares, converting those shares into Common Shares would cause the controlling stockholder’s voting power to fall from 53.2% to 12.0%, although its economic interest in the Company would remain unchanged at 12.0%. The potential diversification could result in the Company ceasing to be a “controlled company” pursuant to the rules of The Nasdaq Stock Market. The timing and manner of these potential diversification transactions have not been decided. The Board of Directors (the “Board”) has taken the steps described below to position the Company for the potential loss of controlled company status.
Consumer staples are considered safe havens in turbulent markets due to their inelastic demand profiles. On the other hand, they usually underperform during bull runs,
and this paradigm has rung true over the past six months as the sector’s -4.4% decline paled in comparison to the S&P 500’s 9% gain.
In this video lesson, I review the resilient overall market, stocks on my radar for the short and long-term portfolio, and a new EOD swing trade, for Tuesday's session. Happy trading. Aloha.
January's inflation data came in hotter-than-expected Wednesday morning with the cost of groceries rising again, due in part to a jump in the price of eggs.
Consider CAL-MAINE FOODS INC as a top value stock. NASDAQ:CALM shines in terms of profitability, solvency, and liquidity, all while remaining very reasonably priced.
Vital Farms shares have soared 154% in the past year, while Cal-Maine is up 90%. Rising egg prices and strong demand have fueled record-breaking profits. Analysts expect continued growth, with revenue forecasts beating industry averages.
As egg prices soar due to shortages caused by the bird flu outage, a new warning signal is flashing red: Waffle House has added a 50 cent per egg surcharge to its menu items.
Cal-Maine Foods, Inc. (NASDAQCALM) today announced that the Company has acquired certain assets of Deal-Rite Feeds, Inc. and its affiliated entities, including two feed mills, storage facilities, usable grain, vehicles, related equipment and retail feed sales business located in Statesville and Union Grove, North Carolina. The Company is funding the acquisition with available cash on hand.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Tyson Foods (NYSETSN) and the rest of the perishable food stocks fared in Q3.
Egg prices in the U.S. have risen 60% over the past year, due in large part to the bird flu ravaging commercial flocks. Here's a look at why experts see the prices continuing to climb.
According to the latest data from the Centers for Disease Control, the current bird flu outbreak has caused 67 human cases of bird flu in the U.S. and one death associated with the virus.
