Swiss National Bank Cuts Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Swiss National Bank cut its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 82,100 shares of the basic materials company’s stock after selling 700 shares during the quarter. Swiss National Bank’s holdings in Cal-Maine Foods were worth $6,144,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in Cal-Maine Foods by 825.1% during the first quarter. Russell Investments Group Ltd. now owns 3,904 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 3,482 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cal-Maine Foods by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock worth $282,219,000 after acquiring an additional 23,915 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Cal-Maine Foods by 4.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 36,824 shares of the basic materials company’s stock worth $2,165,000 after acquiring an additional 1,511 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Cal-Maine Foods by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,265 shares of the basic materials company’s stock valued at $1,723,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock valued at $3,681,000 after purchasing an additional 38,693 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of CALM stock opened at $96.62 on Wednesday. Cal-Maine Foods, Inc. has a 1-year low of $46.30 and a 1-year high of $99.63. The firm has a market cap of $4.74 billion, a PE ratio of 11.11 and a beta of -0.12. The company has a 50-day moving average of $86.55 and a two-hundred day moving average of $72.47.

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 company had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. During the same period in the previous year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 71.1% on a year-over-year basis. Sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CALM shares. Stephens started coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday.

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.