21,180 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by World Investment Advisors LLC

World Investment Advisors LLC bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,180 shares of the basic materials company's stock, valued at approximately $1,585,000.

A number of other large investors have also recently made changes to their positions in CALM. Harbor Capital Advisors Inc. purchased a new stake in Cal-Maine Foods during the third quarter valued at about $29,000. Hantz Financial Services Inc. purchased a new position in Cal-Maine Foods during the second quarter valued at $25,000. Hexagon Capital Partners LLC increased its stake in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Cal-Maine Foods in the third quarter worth $33,000. Finally, Quarry LP increased its stake 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 valued at $36,000 after purchasing an additional 553 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Up 2.1 %

Shares of NASDAQ CALM traded up $2.23 during midday trading on Friday, reaching $108.12. 592,178 shares of the company's stock traded hands, compared to its average volume of 591,483. Cal-Maine Foods, Inc. has a one year low of $53.02 and a one year high of $108.22. The stock's 50 day simple moving average is $93.60 and its 200-day simple moving average is $76.41. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 12.38 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results 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). 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 company's revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. Equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.