Cal-Maine Foods, Inc. $CALM Stake Lessened by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lowered its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 86.2% in the third quarter, Holdings Channel.com reports. The firm owned 5,000 shares of the basic materials company’s stock after selling 31,127 shares during the period. Woodmont Investment Counsel LLC’s holdings in Cal-Maine Foods were worth $340,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Cal-Maine Foods by 13.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,519,483 shares of the basic materials company’s stock worth $199,416,000 after buying an additional 300,910 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Cal-Maine Foods by 29.7% during the 1st quarter. First Trust Advisors LP now owns 1,552,297 shares of the basic materials company’s stock worth $122,864,000 after acquiring an additional 355,762 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Cal-Maine Foods in the second quarter worth approximately $57,894,000. Bank of America Corp DE boosted its position in shares of Cal-Maine Foods by 21.9% in the first quarter. Bank of America Corp DE now owns 505,359 shares of the basic materials company’s stock worth $39,999,000 after acquiring an additional 90,779 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Cal-Maine Foods by 68.8% in the first quarter. Janus Henderson Group PLC now owns 353,751 shares of the basic materials company’s stock worth $27,997,000 after acquiring an additional 144,140 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Up 3.9%

Shares of NASDAQ CALM opened at $66.04 on Tuesday. The stock’s 50 day moving average price is $69.61 and its two-hundred day moving average price is $78.39. Cal-Maine Foods, Inc. has a 52-week low of $60.13 and a 52-week high of $95.25. The stock has a market capitalization of $3.08 billion, a P/E ratio of 56.44 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Wednesday, September 30th. The basic materials company reported ($1.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.49). The firm had revenue of $539.61 million for the quarter, compared to the consensus estimate of $561.57 million. Cal-Maine Foods had a return on equity of 2.21% and a net margin of 2.32%. The company’s quarterly revenue was down 41.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.12 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CALM shares. Wells Fargo & Company set a $100.00 price objective on shares of Cal-Maine Foods in a research note on Monday, July 13th. Stephens lowered their price objective on shares of Cal-Maine Foods from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, October 1st. Wall Street Zen lowered shares of Cal-Maine Foods from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cal-Maine Foods in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group set a $60.00 target price on shares of Cal-Maine Foods in a research note on Thursday, October 1st. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Cal-Maine Foods presently has a consensus rating of “Hold” and a consensus target price of $84.17.

About Cal-Maine Foods

Cal-Maine Foods, Inc (NASDAQ: CALM) is a major producer and distributor of shell eggs in the United States. The company supplies eggs to grocery retailers, foodservice distributors, restaurants, food processors and institutional customers.

Its product portfolio includes conventional shell eggs as well as specialty products such as cage-free, organic, free-range, nutritionally enhanced and omega-3 eggs. Cal-Maine also markets hard-cooked eggs and other value-added egg products through its brands and customer relationships.

Founded in 1969 and headquartered in Jackson, Mississippi, Cal-Maine operates egg production, processing, packaging and distribution facilities in multiple U.S.