Hsbc Holdings PLC Acquires 15,643 Shares of Cal-Maine Foods, Inc. $CALM

Hsbc Holdings PLC boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 41.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 53,608 shares of the basic materials company’s stock after buying an additional 15,643 shares during the period. Hsbc Holdings PLC’s holdings in Cal-Maine Foods were worth $4,298,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cal-Maine Foods by 3,014.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 623,571 shares of the basic materials company’s stock worth $49,618,000 after purchasing an additional 603,551 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth $28,864,000. Millennium Management LLC increased its position in shares of Cal-Maine Foods by 533.2% during the fourth quarter. Millennium Management LLC now owns 348,762 shares of the basic materials company’s stock worth $27,751,000 after buying an additional 293,684 shares during the period. Bank of New York Mellon Corp raised its stake in Cal-Maine Foods by 32.2% during the fourth quarter. Bank of New York Mellon Corp now owns 759,310 shares of the basic materials company’s stock worth $60,418,000 after buying an additional 184,843 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Cal-Maine Foods by 66.9% during the second quarter. Qube Research & Technologies Ltd now owns 435,376 shares of the basic materials company’s stock worth $43,377,000 after buying an additional 174,576 shares during the last quarter. 84.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CALM shares. Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Stephens boosted their price objective on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. BMO Capital Markets dropped their price objective on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.17.

Cal-Maine Foods Stock Up 0.3%

Shares of CALM opened at $85.35 on Friday. The business’s fifty day moving average is $78.30 and its 200 day moving average is $80.04. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $126.40. The stock has a market cap of $4.04 billion, a P/E ratio of 5.95 and a beta of 0.25.

About Cal-Maine Foods

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.