Principal Financial Group Inc. lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 430,539 shares of the basic materials company’s stock after selling 6,298 shares during the period. Principal Financial Group Inc. owned about 0.89% of Cal-Maine Foods worth $17,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CALM. Teachers Advisors LLC raised its holdings in Cal-Maine Foods by 1.2% during the 4th quarter. Teachers Advisors LLC now owns 50,492 shares of the basic materials company’s stock worth $2,230,000 after buying an additional 617 shares during the period. Louisiana State Employees Retirement System raised its holdings in Cal-Maine Foods by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the basic materials company’s stock worth $445,000 after buying an additional 100 shares during the period. Russell Investments Group Ltd. raised its holdings in Cal-Maine Foods by 1.1% during the 1st quarter. Russell Investments Group Ltd. now owns 77,299 shares of the basic materials company’s stock worth $2,845,000 after buying an additional 807 shares during the period. Wells Fargo & Company MN raised its holdings in Cal-Maine Foods by 92.3% during the 1st quarter. Wells Fargo & Company MN now owns 119,064 shares of the basic materials company’s stock worth $4,381,000 after buying an additional 57,150 shares during the period. Finally, Comerica Bank raised its holdings in Cal-Maine Foods by 3.6% during the 1st quarter. Comerica Bank now owns 32,958 shares of the basic materials company’s stock worth $1,279,000 after buying an additional 1,154 shares during the period. Hedge funds and other institutional investors own 62.05% of the company’s stock.

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Cal-Maine Foods, Inc. (CALM) opened at 39.40 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.15. The firm’s 50-day moving average price is $36.63 and its 200 day moving average price is $37.64. The stock’s market cap is $1.91 billion.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.42). Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The company had revenue of $274.60 million during the quarter, compared to analyst estimates of $271.33 million. During the same period in the previous year, the company posted ($0.01) EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. Equities research analysts expect that Cal-Maine Foods, Inc. will post $0.26 EPS for the current year.

CALM has been the topic of several recent analyst reports. ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Cleveland Research downgraded Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a report on Tuesday, May 30th. BidaskClub downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) downgraded Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective on the stock. in a report on Friday, June 16th. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Cal-Maine Foods presently has a consensus rating of “Hold” and an average target price of $36.70.

About Cal-Maine Foods

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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