State Street Corp Has $120.45 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

State Street Corp increased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,609,388 shares of the basic materials company's stock after acquiring an additional 46,187 shares during the period. State Street Corp owned approximately 3.28% of Cal-Maine Foods worth $120,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Cal-Maine Foods by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock worth $159,863,000 after buying an additional 114,995 shares during the period. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 110,900 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Cal-Maine Foods by 8.9% during the 2nd 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 last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cal-Maine Foods in the third quarter valued at $58,810,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company's stock valued at $9,913,000 after acquiring an additional 75,090 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cal-Maine Foods Price Performance

Shares of CALM traded up $2.23 during mid-day trading on Friday, hitting $108.12. The company's stock had a trading volume of 592,178 shares, compared to its average volume of 591,483. The firm has a 50-day moving average price of $93.60 and a 200 day moving average price of $76.41. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 12.38 and a beta of -0.10. Cal-Maine Foods, Inc. has a fifty-two week low of $53.02 and a fifty-two week high of $108.22.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $785.87 million for the quarter, compared to analysts' expectations of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. Cal-Maine Foods's revenue was up 71.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 earnings per share. As a group, equities analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

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.