Integrated Wealth Concepts LLC Sells 1,217 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Integrated Wealth Concepts LLC lowered its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,986 shares of the basic materials company’s stock after selling 1,217 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.08% of Cal-Maine Foods worth $3,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Cal-Maine Foods by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after purchasing an additional 114,995 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Cal-Maine Foods by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock worth $129,286,000 after buying an additional 110,900 shares during the last quarter. Pacer Advisors Inc. raised its position in Cal-Maine Foods by 4.3% during the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock valued at $116,876,000 after purchasing an additional 64,489 shares during the period. American Century Companies Inc. boosted its holdings in shares of Cal-Maine Foods by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock worth $61,948,000 after purchasing an additional 82,772 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Cal-Maine Foods by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock valued at $46,490,000 after purchasing an additional 20,528 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CALM. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stephens began coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company.

Cal-Maine Foods Price Performance

Shares of CALM opened at $97.30 on Friday. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 11.15 and a beta of -0.10. The company has a 50-day moving average of $89.94 and a 200 day moving average of $74.31. Cal-Maine Foods, Inc. has a 1-year low of $48.22 and a 1-year high of $100.86.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 71.1% compared to the same quarter last year. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

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.