Franklin Resources Inc. Cuts Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Franklin Resources Inc. lowered its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,387 shares of the basic materials company’s stock after selling 331 shares during the quarter. Franklin Resources Inc.’s holdings in Cal-Maine Foods were worth $1,400,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in shares of Cal-Maine Foods by 6,480.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 39,417 shares of the basic materials company’s stock valued at $2,262,000 after buying an additional 38,818 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Cal-Maine Foods by 2,543.8% in the fourth quarter. International Assets Investment Management LLC now owns 117,650 shares of the basic materials company’s stock valued at $67,520,000 after purchasing an additional 113,200 shares during the period. Citigroup Inc. increased its stake in shares of Cal-Maine Foods by 26.2% during the third quarter. Citigroup Inc. now owns 42,829 shares of the basic materials company’s stock worth $2,074,000 after purchasing an additional 8,898 shares in the last quarter. Toroso Investments LLC raised its position in shares of Cal-Maine Foods by 227.5% during the 3rd quarter. Toroso Investments LLC now owns 41,724 shares of the basic materials company’s stock worth $2,020,000 after purchasing an additional 28,983 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Cal-Maine Foods in the 3rd quarter valued at about $1,533,000. 84.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an “equal weight” rating and set a $65.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 3rd.

View Our Latest Analysis on CALM

Cal-Maine Foods Stock Down 0.5 %

Cal-Maine Foods stock opened at $60.81 on Wednesday. The company has a fifty day simple moving average of $59.38 and a 200-day simple moving average of $56.70. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.78 and a beta of -0.06. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $64.76.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last announced its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The company had revenue of $703.08 million during the quarter, compared to analysts’ expectations of $692.35 million. During the same quarter in the prior year, the company earned $6.62 EPS. Cal-Maine Foods’s revenue was down 29.5% compared to the same quarter last year. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 4.51 EPS for the current fiscal year.

Cal-Maine Foods Profile

(Free Report)

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.

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

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