LPL Financial LLC Has $2.25 Million Stock Position in Cal-Maine Foods, Inc. $CALM

LPL Financial LLC cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 17.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,793 shares of the basic materials company’s stock after selling 5,133 shares during the period. LPL Financial LLC owned approximately 0.05% of Cal-Maine Foods worth $2,254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALM. Northern Trust Corp increased its holdings in Cal-Maine Foods by 60.2% during the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company’s stock worth $69,403,000 after purchasing an additional 253,310 shares in the last quarter. Man Group plc grew its holdings in Cal-Maine Foods by 258.7% during the fourth quarter. Man Group plc now owns 582,711 shares of the basic materials company’s stock worth $59,973,000 after buying an additional 420,247 shares in the last quarter. Bank of New York Mellon Corp raised its position in Cal-Maine Foods by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 562,810 shares of the basic materials company’s stock valued at $51,159,000 after buying an additional 45,201 shares during the last quarter. Millennium Management LLC raised its position in Cal-Maine Foods by 515.1% in the 4th quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company’s stock valued at $49,142,000 after buying an additional 399,848 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Cal-Maine Foods by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 265,449 shares of the basic materials company’s stock valued at $27,320,000 after acquiring an additional 818 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $108.90 on Tuesday. The business’s fifty day moving average is $103.79 and its 200-day moving average is $97.43. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 4.36 and a beta of 0.19. Cal-Maine Foods, Inc. has a one year low of $68.22 and a one year high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $1.75. Cal-Maine Foods had a net margin of 28.63% and a return on equity of 54.81%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $877.03 million. During the same quarter last year, the company posted $2.32 earnings per share. The firm’s quarterly revenue was up 72.1% compared to the same quarter last year. Research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Ratings Changes

CALM has been the subject of several recent analyst reports. Stephens upped their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Wall Street Zen lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. The Goldman Sachs Group initiated coverage on shares of Cal-Maine Foods in a research report on Thursday. They set a “neutral” rating and a $110.00 target price on the stock. Finally, BMO Capital Markets upped their target price on Cal-Maine Foods from $100.00 to $105.00 and gave the company a “market perform” rating in a report on Thursday, July 24th.

Cal-Maine Foods 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.