Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 211,730 shares of the basic materials company’s stock after selling 12,574 shares during the period. Principal Financial Group Inc.’s holdings in Cal-Maine Foods were worth $15,846,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Axiom Advisory LLC raised its position in shares of Cal-Maine Foods by 3.3% during the 3rd quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 128 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 155 shares during the last quarter. Garner Asset Management Corp lifted its position in shares of Cal-Maine Foods by 0.9% during the 2nd quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock worth $1,238,000 after purchasing an additional 183 shares during the last quarter. Regal Investment Advisors LLC raised its stake in Cal-Maine Foods by 3.9% during the 2nd quarter. Regal Investment Advisors LLC now owns 5,404 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 203 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Cal-Maine Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after acquiring an additional 230 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the transaction, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This trade represents a 8.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Down 0.0 %

NASDAQ:CALM opened at $90.43 on Friday. The company has a market cap of $4.43 billion, a P/E ratio of 10.36 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $45.07 and a fifty-two week high of $95.06. The firm’s 50 day moving average is $83.42 and its two-hundred day moving average is $70.65.

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

Analysts Set New Price Targets

CALM has been the topic of a number of recent research reports. Stephens initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective on the stock. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Friday.

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.