The Manufacturers Life Insurance Company Sells 125 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

The Manufacturers Life Insurance Company decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,339 shares of the basic materials company’s stock after selling 125 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Cal-Maine Foods worth $2,345,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CALM. Hantz Financial Services Inc. bought a new position in Cal-Maine Foods during the 2nd quarter worth about $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Cal-Maine Foods during the third quarter valued at approximately $29,000. Hexagon Capital Partners LLC boosted its stake in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC bought a new position in Cal-Maine Foods in the third quarter worth approximately $33,000. Finally, Quarry LP raised its stake in Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after buying an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analysts Set New Price Targets

CALM has been the topic of several recent research reports. Stephens began coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price on the stock. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd.

Cal-Maine Foods Stock Up 2.0 %

NASDAQ:CALM opened at $99.22 on Monday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 11.37 and a beta of -0.10. Cal-Maine Foods, Inc. has a 52 week low of $48.22 and a 52 week high of $100.86. The firm has a 50 day moving average of $90.91 and a 200 day moving average of $74.95.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue for the quarter was up 71.1% compared to the same quarter last year. As a group, analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

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.