Franklin Resources Inc. Sells 7,911 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Franklin Resources Inc. lessened its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,068 shares of the basic materials company's stock after selling 7,911 shares during the period. Franklin Resources Inc. owned approximately 0.11% of Cal-Maine Foods worth $5,668,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after acquiring an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods during the fourth quarter worth about $134,000. GAMMA Investing LLC lifted its stake in Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after purchasing an additional 267 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after purchasing an additional 1,118 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after purchasing an additional 629 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

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Cal-Maine Foods Trading Down 2.6 %

Shares of CALM stock traded down $2.52 during midday trading on Tuesday, reaching $96.23. 118,246 shares of the stock were exchanged, compared to its average volume of 698,311. The firm has a market cap of $4.72 billion, a PE ratio of 7.50 and a beta of 0.11. The company's 50 day moving average is $92.70 and its two-hundred day moving average is $96.33. Cal-Maine Foods, Inc. has a 1 year low of $55.15 and a 1 year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business's revenue was up 101.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.00 earnings per share. As a group, equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CALM shares. Stephens restated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th.

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.