Thu, Jan. 15, 10:02 AM
- Food stocks are trading higher after a read on producer prices comes in below expectations.
- A dive into the report shows the foods/feeds category experienced a 0.8% decline in December.
- Pilgrim's Pride (PPC +4.4%)is leading the sector, boosted by the announcement of a special dividend.
- Gainers: Kraft Foods Group (NASDAQ:KRFT) +2.5%, Sanderson Farms (NASDAQ:SAFM) +2.3%, Amira Nature Foods (NYSE:ANFI) +2.0%, Pinnacle Foods (NYSE:PF) +1.0%, Cal-Maine Foods (NASDAQ:CALM) +1.0%.
Dec. 17, 2014, 10:33 AM
- Cal-Maine Foods (CALM +7.9%) rallies after being upgraded by Sidoti to a Buy rating from Neutral.
- The investment firm has changed its rating three times on CALM since July, with shares typically tilting with the Sidoti wind.
- Cal-Maine Foods reports FQ2 earnings on December 23. Egg pricing during the quarter will be a focus.
Oct. 13, 2014, 10:13 AM
Sep. 12, 2014, 9:40 AM
Dec. 31, 2012, 12:45 PM
Dec. 31, 2012, 12:11 PMShares of Cal-Maine Foods (CALM -10.2%) are getting hit today after its FQ2 bottom line missed estimates this morning. Net earnings fell 39% Y/Y as higher feed costs and acquisition expenses offset higher prices for fresh-shell eggs. The company also noted that feed costs are likely to remain high and volatile for the remainder of fiscal 2013, which will put further pressure on margins over the near term. | Comment!
Jul. 30, 2012, 4:02 PMCal-Maine Foods (CALM +4%) moves higher into the close after beating FQ4 estimates earlier today. Net income soared as a large gain from a new venture in the specialty-egg market more than offset the higher operating costs. The company noted cautiously however that feed costs are going to continue to rise over the near term due to the severe drought and damage to the national corn crop. | 1 Comment
Dec. 27, 2011, 10:44 AM
Sep. 26, 2011, 10:58 AMCal-Maine Foods (CALM -1.3%)) FQ1 beat on revenues but missed EPS estimates as higher feed costs dug into margins. The company also notes that feed costs are likely to remain very high and volatile for the year ahead as well. Separately, its Founder and Chairman Fred Adams Jr. suffered a mild stroke while attending an industry event on Friday. | Comment!
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