UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,036 shares of the basic materials company's stock after selling 8,881 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Cal-Maine Foods worth $4,568,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Cal-Maine Foods by 56.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 35,149 shares of the basic materials company's stock worth $2,631,000 after buying an additional 12,673 shares in the last quarter. FMR LLC lifted its stake in Cal-Maine Foods by 716.8% in the third quarter. FMR LLC now owns 29,226 shares of the basic materials company's stock worth $2,187,000 after acquiring an additional 25,648 shares during the period. D.A. Davidson & CO. bought a new position in Cal-Maine Foods during the 3rd quarter worth about $302,000. Harvest Fund Management Co. Ltd purchased a new position in Cal-Maine Foods during the 3rd quarter valued at about $362,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Cal-Maine Foods by 1.1% in the 3rd quarter. Fisher Asset Management LLC now owns 266,319 shares of the basic materials company's stock valued at $19,931,000 after purchasing an additional 2,909 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Cal-Maine Foods stock traded up $0.13 during trading hours on Thursday, reaching $105.89. The stock had a trading volume of 546,322 shares, compared to its average volume of 591,611. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 12.11 and a beta of -0.10. The business's 50 day moving average price is $92.60 and its 200-day moving average price is $75.76. Cal-Maine Foods, Inc. has a 52 week low of $49.00 and a 52 week high of $106.79.

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 the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The company's revenue was up 71.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. On average, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Ratings Changes

CALM has been the topic of a number of recent research reports. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd. Stephens began coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 target price on the stock.

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.