Stifel Financial Corp Raises Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Stifel Financial Corp lifted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,049 shares of the basic materials company’s stock after purchasing an additional 188 shares during the quarter. Stifel Financial Corp’s holdings in Cal-Maine Foods were worth $1,126,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CALM. Dimensional Fund Advisors LP increased its stake in Cal-Maine Foods by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock valued at $159,863,000 after purchasing an additional 114,995 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Cal-Maine Foods by 5.5% in the 2nd 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 during the period. Pacer Advisors Inc. raised its stake in Cal-Maine Foods by 4.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock worth $116,876,000 after acquiring an additional 64,489 shares during the last quarter. American Century Companies Inc. lifted its position in 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 acquiring an additional 82,772 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Cal-Maine Foods by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock valued at $46,490,000 after purchasing an additional 20,528 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $102.89 on Monday. The firm’s fifty day moving average is $95.32 and its two-hundred day moving average is $77.99. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 11.79 and a beta of -0.10. Cal-Maine Foods, Inc. has a one year low of $53.02 and a one year high of $114.06.

Cal-Maine Foods (NASDAQ:CALM) last issued 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 company had revenue of $785.87 million during 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%. The firm’s quarterly revenue was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. As a group, equities research analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CALM has been the subject of several research analyst reports. Stephens initiated coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective for the company. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd.

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.