Hennion & Walsh Asset Management Inc. Has $1.19 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hennion & Walsh Asset Management Inc. increased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 68.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,919 shares of the basic materials company's stock after acquiring an additional 6,460 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Cal-Maine Foods were worth $1,191,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Cal-Maine Foods during the 3rd quarter valued at $58,810,000. Krane Funds Advisors LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $438,000. Vest Financial LLC grew its stake in shares of Cal-Maine Foods by 5.6% in the 3rd quarter. Vest Financial LLC now owns 20,104 shares of the basic materials company's stock valued at $1,505,000 after buying an additional 1,069 shares in the last quarter. Blue Trust Inc. increased its holdings in Cal-Maine Foods by 65.4% in the third quarter. Blue Trust Inc. now owns 5,427 shares of the basic materials company's stock worth $406,000 after buying an additional 2,145 shares during the last quarter. Finally, Creative Planning raised its position in Cal-Maine Foods by 34.7% during the third quarter. Creative Planning now owns 10,249 shares of the basic materials company's stock valued at $767,000 after acquiring an additional 2,641 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cal-Maine Foods

In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of the business's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the transaction, the vice president now owns 16,754 shares of the company's stock, valued at approximately $1,188,361.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total transaction of $106,395.00. Following the sale, the vice president now directly owns 16,754 shares of the company's stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Todd Walters sold 3,000 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the transaction, the chief operating officer now owns 5,310 shares in the company, valued at $372,762. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.51% of the company's stock.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM traded down $0.74 during trading hours on Friday, hitting $89.43. 322,608 shares of the stock were exchanged, compared to its average volume of 614,974. Cal-Maine Foods, Inc. has a one year low of $44.78 and a one year high of $95.06. The company's 50 day moving average is $77.81 and its 200 day moving average is $67.61. The firm has a market capitalization of $4.39 billion, a P/E ratio of 15.86 and a beta of -0.10.

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 (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.30). The business had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The company's revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CALM shares. Stephens started coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price target on the stock. StockNews.com lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price target on Cal-Maine Foods from $47.00 to $52.00 and gave the stock a "sell" rating in a research note on Wednesday, July 17th.

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.