Who owns Cal-Maine Foods? This question delves into the intricate tapestry of ownership, revealing the individuals and entities that hold the reins of this food industry giant. Cal-Maine Foods, a leading egg producer in the United States, boasts a complex ownership structure that encompasses institutional investors, mutual funds, and individual shareholders.
This comprehensive guide will unravel the ownership dynamics, shedding light on the major stakeholders, board members, and corporate governance practices that shape the company’s decision-making and long-term trajectory.
Ownership Structure: Who Owns Cal-maine Foods
Cal-Maine Foods, Inc. is a publicly traded company whose shares are listed on the NASDAQ Global Select Market under the ticker symbol “CALM.” The company’s ownership structure consists of a combination of institutional and individual investors.
As of March 1, 2023, the largest institutional shareholder of Cal-Maine Foods was The Vanguard Group, Inc., which held approximately 10.3% of the company’s outstanding shares. Other major institutional shareholders included BlackRock Fund Advisors, State Street Corporation, and Geode Capital Management LLC.
Common Stock
The majority of Cal-Maine Foods’ outstanding shares are common stock. Common stockholders have the right to vote on matters affecting the company, such as the election of directors and the approval of major transactions. They are also entitled to receive dividends, if any are declared by the company’s board of directors.
Recent Changes
In recent years, there have been no significant changes to Cal-Maine Foods’ ownership structure. The company has maintained a stable group of institutional and individual investors, and there have been no major acquisitions or divestitures that have impacted the ownership structure.
Major Shareholders
Cal-Maine Foods has a diverse shareholder base, with institutional investors, mutual funds, and individuals holding significant stakes in the company. These shareholders play a crucial role in shaping the company’s decision-making and long-term direction.
Institutional Investors
Institutional investors, such as pension funds, hedge funds, and insurance companies, are major shareholders in Cal-Maine Foods. They typically hold large blocks of shares and have a long-term investment horizon. Institutional investors often engage with the company’s management to influence strategic decisions and ensure alignment with their investment goals.
Mutual Funds, Who owns cal-maine foods
Mutual funds are investment vehicles that pool money from individual investors and invest it in a diversified portfolio of stocks and bonds. Several mutual funds have invested in Cal-Maine Foods, providing a broader base of ownership. Mutual funds typically have a medium-term investment horizon and may adjust their holdings based on market conditions and company performance.
Individuals
Individual investors also hold a significant portion of Cal-Maine Foods’ shares. These investors may include company executives, employees, and other individuals who believe in the company’s long-term potential. Individual investors often have a shorter investment horizon than institutional investors and may be more responsive to short-term market fluctuations.The
diverse shareholder base of Cal-Maine Foods ensures that the company has access to a wide range of perspectives and investment strategies. The company’s management team must consider the interests of all shareholders when making decisions, balancing the need for short-term profitability with long-term growth and sustainability.
Cal-Maine Foods, one of the largest egg producers in the United States, is a publicly traded company owned by its shareholders. While we do not have specific information about Food Lion’s Thanksgiving hours, you may find this article on will food lion be open on thanksgiving helpful.
Cal-Maine Foods is committed to providing fresh, high-quality eggs to consumers across the country.
Board of Directors
The Cal-Maine Foods Board of Directors is responsible for overseeing the company’s management and strategy. The Board consists of a diverse group of individuals with extensive experience in the food industry and corporate governance.The Board’s role includes:
- Setting the company’s strategic direction
- Overseeing the company’s financial performance
- Ensuring the company’s compliance with all applicable laws and regulations
- Hiring and firing the company’s CEO
Board Members
The following individuals serve on the Cal-Maine Foods Board of Directors:
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-*John B. Carter (Chairman)
Mr. Carter has been a director of Cal-Maine Foods since 2009. He is also the Chairman of the Board of Directors of Sanderson Farms, Inc., the third-largest poultry producer in the United States.
-*Donnie King (Vice Chairman)
Mr. King has been a director of Cal-Maine Foods since 2007. He is also the Chairman of the Board of Directors of Tyson Foods, Inc., the largest poultry producer in the United States.
-*Frederick R. Bourelle
Mr. Bourelle has been a director of Cal-Maine Foods since 2011. He is also a director of The Mosaic Company, a leading global producer of phosphate and potash fertilizers.
-*George C. Dalton
Mr. Dalton has been a director of Cal-Maine Foods since 2015. He is also a director of Pilgrim’s Pride Corporation, the second-largest poultry producer in the United States.
-*Mark A. Jordan
Mr. Jordan has been a director of Cal-Maine Foods since 2017. He is also a director of Smithfield Foods, Inc., the largest pork producer in the United States.
-*Mark E. Lauritsen
Mr. Lauritsen has been a director of Cal-Maine Foods since 2019. He is also a director of Cargill, Inc., a leading global food and agriculture company.
-*John R. Tyson
Mr. Tyson has been a director of Cal-Maine Foods since 2021. He is also a director of Tyson Foods, Inc., the largest poultry producer in the United States.
Potential Conflicts of Interest
Some members of the Cal-Maine Foods Board of Directors have potential conflicts of interest. For example, Mr. Carter is also the Chairman of the Board of Directors of Sanderson Farms, Inc., a competitor of Cal-Maine Foods. Mr.
King is also the Chairman of the Board of Directors of Tyson Foods, Inc., another competitor of Cal-Maine Foods.These potential conflicts of interest are mitigated by the fact that the Board members are independent directors. This means that they are not employees of Cal-Maine Foods and they do not have any financial interest in the company.
The Board members are also required to disclose any potential conflicts of interest to the company’s shareholders.
Board Composition
The Cal-Maine Foods Board of Directors is composed of a diverse group of individuals with extensive experience in the food industry and corporate governance. The Board is also independent, which means that the members are not employees of Cal-Maine Foods and they do not have any financial interest in the company.
This ensures that the Board can make decisions that are in the best interests of the company and its shareholders.
Closure
In conclusion, the ownership structure of Cal-Maine Foods is a multifaceted landscape, reflecting the diverse interests of shareholders, institutional investors, and the board of directors. The company’s corporate governance practices strive to maintain transparency, accountability, and ethical behavior, ensuring that the interests of all stakeholders are considered in the pursuit of long-term success.
