Cadence Wealth Management LLC Raises Position in Cal-Maine Foods, Inc. $CALM

Cadence Wealth Management LLC increased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 189.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,686 shares of the basic materials company’s stock after purchasing an additional 6,994 shares during the period. Cadence Wealth Management LLC’s holdings in Cal-Maine Foods were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CALM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Cal-Maine Foods by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock worth $2,218,000 after acquiring an additional 1,057 shares during the period. NewEdge Advisors LLC grew its holdings in Cal-Maine Foods by 100.8% in the first quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 4,009 shares during the period. United Services Automobile Association purchased a new stake in Cal-Maine Foods in the first quarter valued at approximately $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cal-Maine Foods by 10.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock worth $7,765,000 after purchasing an additional 7,736 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Cal-Maine Foods by 323.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 830 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of CALM opened at $87.25 on Wednesday. Cal-Maine Foods, Inc. has a 12 month low of $71.92 and a 12 month high of $126.40. The stock has a fifty day moving average price of $79.93 and a 200 day moving average price of $80.30. The company has a market cap of $4.13 billion, a P/E ratio of 6.08 and a beta of 0.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CALM shares. Wells Fargo & Company set a $100.00 price objective on Cal-Maine Foods in a report on Monday, July 13th. BMO Capital Markets reduced their price objective on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 25th. Stephens decreased their target price on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, July 13th. Finally, Royal Bank Of Canada set a $100.00 target price on shares of Cal-Maine Foods in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $94.29.

Cal-Maine Foods Company 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.