Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC decreased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 42.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,223 shares of the basic materials company’s stock after selling 12,120 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Cal-Maine Foods were worth $1,214,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CALM. SG Americas Securities LLC boosted its holdings in shares of Cal-Maine Foods by 362.8% in the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock worth $966,000 after buying an additional 12,387 shares during the period. Janus Henderson Group PLC boosted its stake in Cal-Maine Foods by 162.0% in the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after purchasing an additional 38,693 shares during the period. UniSuper Management Pty Ltd purchased a new position in Cal-Maine Foods during the 1st quarter worth approximately $479,000. Vanguard Group Inc. raised its stake in Cal-Maine Foods by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock valued at $282,219,000 after purchasing an additional 23,915 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of Cal-Maine Foods by 267.4% in the second quarter. AE Wealth Management LLC now owns 17,747 shares of the basic materials company’s stock valued at $1,085,000 after purchasing an additional 12,917 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the sale, the vice president now owns 16,754 shares of the company’s stock, valued at approximately $1,188,361.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is currently owned by company insiders.

Cal-Maine Foods Trading Down 1.7 %

CALM opened at $91.29 on Thursday. The stock has a fifty day moving average price of $82.56 and a 200 day moving average price of $70.28. Cal-Maine Foods, Inc. has a 1 year low of $45.07 and a 1 year high of $95.06. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 10.46 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 71.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CALM shares. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a report on Wednesday, July 17th.

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.