Alliancebernstein L.P. reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,412 shares of the basic materials company's stock after selling 25,262 shares during the period. Alliancebernstein L.P. owned about 0.14% of Cal-Maine Foods worth $6,835,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Cal-Maine Foods by 88.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock valued at $25,457,000 after buying an additional 159,787 shares during the period. American Century Companies Inc. boosted its holdings in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after acquiring an additional 143,189 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cal-Maine Foods by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after buying an additional 118,162 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Cal-Maine Foods by 11.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after acquiring an additional 104,512 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cal-Maine Foods by 17.3% in the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock worth $53,272,000 after purchasing an additional 76,387 shares in the last quarter. Institutional investors own 84.67% of the company's stock.
Cal-Maine Foods Price Performance
Shares of CALM stock traded down $4.26 on Wednesday, hitting $92.29. The company's stock had a trading volume of 2,527,728 shares, compared to its average volume of 708,018. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 7.18 and a beta of 0.11. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The firm's fifty day moving average price is $92.45 and its 200-day moving average price is $96.34.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. During the same quarter in the previous year, the firm earned $3.00 earnings per share. The business's quarterly revenue was up 101.6% compared to the same quarter last year. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Stephens reissued an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.
View Our Latest Report on CALM
About Cal-Maine Foods
(
Free Report)
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.
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