Advisor Group Inc. lessened its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 23.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,753 shares of the basic materials company’s stock after selling 1,743 shares during the period. Advisor Group Inc.’s holdings in Cal-Maine Foods were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. California Public Employees Retirement System grew its stake in Cal-Maine Foods by 0.5% in the second quarter. California Public Employees Retirement System now owns 59,700 shares of the basic materials company’s stock valued at $2,364,000 after purchasing an additional 300 shares during the last quarter. Northern Trust Corp grew its stake in Cal-Maine Foods by 2.5% in the second quarter. Northern Trust Corp now owns 497,899 shares of the basic materials company’s stock valued at $19,717,000 after purchasing an additional 12,075 shares during the last quarter. Pinebridge Investments L.P. grew its stake in Cal-Maine Foods by 787.6% in the second quarter. Pinebridge Investments L.P. now owns 34,421 shares of the basic materials company’s stock valued at $1,363,000 after purchasing an additional 30,543 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Cal-Maine Foods by 8.8% in the second quarter. Mutual of America Capital Management LLC now owns 57,689 shares of the basic materials company’s stock valued at $2,284,000 after purchasing an additional 4,689 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in Cal-Maine Foods by 6.5% in the second quarter. Thrivent Financial For Lutherans now owns 17,980 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 1,090 shares during the last quarter. Institutional investors own 61.67% of the company’s stock.

Several equities analysts have issued reports on CALM shares. BidaskClub lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.90.

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Shares of Cal-Maine Foods, Inc. (CALM) opened at 42.375 on Tuesday. The stock’s 50 day moving average price is $39.80 and its 200-day moving average price is $38.16. Cal-Maine Foods, Inc. has a 52 week low of $33.40 and a 52 week high of $46.15. The stock’s market cap is $2.06 billion.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The business had revenue of $262.80 million during the quarter, compared to analysts’ expectations of $265.50 million. During the same quarter in the previous year, the company posted ($0.64) EPS. The company’s revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that Cal-Maine Foods, Inc. will post $0.63 earnings per share for the current fiscal year.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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