Kingsview Wealth Management LLC Buys New Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kingsview Wealth Management LLC acquired a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,519 shares of the basic materials company's stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Cal-Maine Foods by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock valued at $159,863,000 after acquiring an additional 114,995 shares during the period. Renaissance Technologies LLC increased its stake 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. American Century Companies Inc. raised its holdings in Cal-Maine Foods by 8.9% in 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 during the period. International Assets Investment Management LLC bought a new position in shares of Cal-Maine Foods during the third quarter worth $58,810,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Cal-Maine Foods by 4.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after buying an additional 64,489 shares during the period. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Up 0.5 %

CALM traded up $0.53 during trading on Thursday, hitting $97.15. The company had a trading volume of 339,490 shares, compared to its average volume of 597,110. The company has a market capitalization of $4.76 billion, a PE ratio of 11.13 and a beta of -0.12. Cal-Maine Foods, Inc. has a one year low of $46.30 and a one year high of $99.63. The firm's 50-day moving average price is $87.58 and its 200 day moving average price is $72.92.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. Sell-side analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

CALM has been the topic of several recent analyst reports. Stephens started coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set 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 research report on Saturday, November 23rd.

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.