Today: Today: 36,119 Shares of Cal-Maine Foods Inc. (CALM) are sold by Wells Fargo & Company MN

Today: 36,119 Shares of Cal-Maine Foods Inc. (CALM) are sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in Cal-Maine Foods Inc. (NASDAQ:CALM) by 9.1% during the third quarter, Holdings Channel reports. The institutional investor owned 361,848 shares of the company’s stock after selling 36,119 shares during the period. Wells Fargo & Company MN’s holdings in Cal-Maine Foods were worth $13,946,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CALM. Aberdeen Asset Management PLC UK boosted its position in Cal-Maine Foods by 94.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 696,032 shares of the company’s stock worth $30,848,000 after buying an additional 338,261 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Cal-Maine Foods during the second quarter worth $11,765,000. Emerald Acquisition Ltd. bought a new position in Cal-Maine Foods during the second quarter worth $8,831,000. Credit Suisse AG boosted its position in Cal-Maine Foods by 546.4% in the second quarter. Credit Suisse AG now owns 196,529 shares of the company’s stock worth $8,710,000 after buying an additional 166,124 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Cal-Maine Foods by 21.3% in the second quarter. Neuberger Berman Group LLC now owns 812,301 shares of the company’s stock worth $36,001,000 after buying an additional 142,392 shares in the last quarter. Hedge funds and other institutional investors own 58.88% of the company’s stock.

Cal-Maine Foods Inc. (NASDAQ:CALM) traded up 2.11% during midday trading on Monday, hitting $41.20. The company had a trading volume of 268,050 shares. Cal-Maine Foods Inc. has a one year low of $35.65 and a one year high of $56.49. The company’s 50 day moving average is $38.58 and its 200-day moving average is $42.06. The company has a market cap of $2.00 billion, a P/E ratio of 14.03 and a beta of 0.80.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, September 26th. The company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by $0.31. Cal-Maine Foods had a net margin of 9.23% and a return on equity of 15.81%. The company earned $239.80 million during the quarter. During the same quarter last year, the firm earned $2.95 earnings per share. The business’s quarterly revenue was down 60.7% compared to the same quarter last year. On average, equities analysts predict that Cal-Maine Foods Inc. will post ($0.25) EPS for the current year.

Several equities analysts have recently commented on CALM shares. Zacks Investment Research upgraded Cal-Maine Foods from a “strong sell” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, August 15th. Vetr upgraded Cal-Maine Foods from a “buy” rating to a “strong-buy” rating and set a $48.33 target price for the company in a research note on Wednesday, September 14th. DA Davidson reiterated an “underperform” rating and set a $35.00 target price (down from $37.00) on shares of Cal-Maine Foods in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. started coverage on Cal-Maine Foods in a research note on Thursday, November 10th. They set a “neutral” rating and a $37.00 target price for the company. Finally, TheStreet cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.73.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

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