Barclays PLC Grows Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Barclays PLC raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 48.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,558 shares of the basic materials company's stock after buying an additional 33,731 shares during the quarter. Barclays PLC owned about 0.21% of Cal-Maine Foods worth $7,749,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CALM. MML Investors Services LLC lifted its stake in shares of Cal-Maine Foods by 9.6% during the third quarter. MML Investors Services LLC now owns 4,464 shares of the basic materials company's stock worth $334,000 after buying an additional 392 shares during the period. Hodges Capital Management Inc. raised its stake in Cal-Maine Foods by 15.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 178,360 shares of the basic materials company's stock worth $13,348,000 after acquiring an additional 23,526 shares during the last quarter. XTX Topco Ltd lifted its position in Cal-Maine Foods by 6.6% during the 3rd quarter. XTX Topco Ltd now owns 11,341 shares of the basic materials company's stock worth $849,000 after acquiring an additional 703 shares during the period. Wolverine Trading LLC purchased a new stake in Cal-Maine Foods during the 3rd quarter valued at about $3,043,000. Finally, Weiss Asset Management LP acquired a new position in shares of Cal-Maine Foods in the third quarter valued at about $3,982,000. Institutional investors and hedge funds own 84.67% of the company's stock.

Analyst Ratings Changes

CALM has been the subject of a number of research reports. StockNews.com downgraded Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Saturday, November 23rd. Stephens started coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price target for the company.

Cal-Maine Foods Price Performance

NASDAQ:CALM traded up $0.84 during mid-day trading on Thursday, hitting $104.37. The company's stock had a trading volume of 1,051,852 shares, compared to its average volume of 595,099. The business's fifty day moving average is $95.07 and its two-hundred day moving average is $77.58. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 11.96 and a beta of -0.10. Cal-Maine Foods, Inc. has a 1 year low of $53.02 and a 1 year high of $114.06.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) 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). The company had revenue of $785.87 million during the quarter, compared to analysts' expectations of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm's quarterly revenue was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. Analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Cal-Maine Foods 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.