Principal Financial Group Inc. Sells 12,574 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Principal Financial Group Inc. reduced its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 5.6% in the third quarter, according to the company in its most recent filing with the SEC. 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 0.43% of Cal-Maine Foods worth $15,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CALM. Harbor Capital Advisors Inc. purchased a new position in Cal-Maine Foods during the 3rd quarter valued at about $29,000. Hantz Financial Services Inc. purchased a new stake in shares of Cal-Maine Foods in the second quarter valued at about $25,000. Hexagon Capital Partners LLC grew its stake in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock worth $32,000 after purchasing an additional 155 shares during the period. Krane Funds Advisors LLC purchased a new position in Cal-Maine Foods during the 3rd quarter valued at about $33,000. Finally, Quarry LP increased its position in Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company's stock worth $36,000 after purchasing an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 0.0 %

Shares of CALM stock traded down $0.01 during trading hours on Friday, reaching $90.43. 407,799 shares of the company's stock were exchanged, compared to its average volume of 602,156. The business has a fifty day moving average price of $83.42 and a 200-day moving average price of $70.65. The stock has a market capitalization of $4.43 billion, a P/E ratio of 10.36 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $45.07 and a fifty-two week high of $95.06.

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 EPS 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 during the quarter, compared to analyst estimates of $704.65 million. During the same period in the prior year, the firm posted $0.02 EPS. Cal-Maine Foods's revenue for the quarter was up 71.1% compared to the same quarter last year. As a group, research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the sale, the vice president now directly owns 16,754 shares in the company, valued at $1,188,361.22. The trade was a 8.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 13.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Friday. Stephens began coverage on 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.

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.