Cal-Maine Foods, Inc. $CALM Shares Sold by KBC Group NV

KBC Group NV decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 75.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,467 shares of the basic materials company’s stock after selling 10,524 shares during the quarter. KBC Group NV’s holdings in Cal-Maine Foods were worth $274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Cal-Maine Foods by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,218,573 shares of the basic materials company’s stock valued at $176,536,000 after purchasing an additional 166,402 shares during the period. State Street Corp increased its position in Cal-Maine Foods by 6.8% during the second quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock worth $171,038,000 after buying an additional 108,578 shares during the period. First Trust Advisors LP increased its position in Cal-Maine Foods by 8.8% during the fourth quarter. First Trust Advisors LP now owns 1,196,535 shares of the basic materials company’s stock worth $95,208,000 after buying an additional 96,589 shares during the period. Morgan Stanley increased its position in Cal-Maine Foods by 9.4% during the fourth quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock worth $77,832,000 after buying an additional 84,124 shares during the period. Finally, Northern Trust Corp lifted its stake in Cal-Maine Foods by 8.4% in the third quarter. Northern Trust Corp now owns 900,466 shares of the basic materials company’s stock valued at $84,734,000 after buying an additional 70,063 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CALM shares. Wall Street Zen lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Saturday. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Wells Fargo & Company set a $100.00 price target on shares of Cal-Maine Foods in a research note on Monday, July 13th. Finally, Weiss Ratings downgraded shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $94.71.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $90.32 on Monday. The stock’s 50 day moving average is $80.57 and its two-hundred day moving average is $80.50. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $117.45. The firm has a market capitalization of $4.28 billion, a PE ratio of 13.79 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.84). The business had revenue of $552.58 million for the quarter, compared to analysts’ expectations of $563.83 million. Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.The business’s quarterly revenue was down 49.9% on a year-over-year basis. During the same period last year, the company posted $7.04 earnings per share.

Cal-Maine Foods Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.