Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,730 shares of the basic materials company's stock after selling 12,574 shares during the quarter. Principal Financial Group Inc. owned approximately 0.43% of Cal-Maine Foods worth $15,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in 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 valued at $159,863,000 after buying an additional 114,995 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Cal-Maine Foods by 5.5% in the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock valued at $129,286,000 after purchasing an additional 110,900 shares in the last quarter. State Street Corp increased its stake in Cal-Maine Foods by 3.0% in the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company's stock valued at $120,447,000 after purchasing an additional 46,187 shares during the last quarter. Pacer Advisors Inc. raised its holdings 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 worth $116,876,000 after purchasing an additional 64,489 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Cal-Maine Foods by 8.9% during the second 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 in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of CALM stock traded down $0.93 during trading hours on Friday, hitting $101.14. The stock had a trading volume of 413,063 shares, compared to its average volume of 598,260. The firm has a market capitalization of $4.96 billion, a PE ratio of 11.59 and a beta of -0.10. The stock's 50 day moving average is $96.22 and its 200 day moving average is $79.37. Cal-Maine Foods, Inc. has a twelve month low of $53.02 and a twelve month high of $114.06.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts' consensus estimates 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 business 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 company earned $0.02 EPS. The firm's revenue for the quarter was up 71.1% on a year-over-year basis. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Stephens began coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an "equal weight" rating and a $82.00 target price on the stock. StockNews.com lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Saturday, November 23rd.

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.