Principal Financial Group Inc. Has $15.85 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Principal Financial Group Inc. lowered its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,730 shares of the basic materials company’s stock after selling 12,574 shares during the period. Principal Financial Group Inc. owned approximately 0.43% of Cal-Maine Foods worth $15,846,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in shares of Cal-Maine Foods by 825.1% during the first quarter. Russell Investments Group Ltd. now owns 3,904 shares of the basic materials company’s stock valued at $230,000 after buying an additional 3,482 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Cal-Maine Foods by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 8,268 shares of the basic materials company’s stock valued at $487,000 after purchasing an additional 566 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Cal-Maine Foods by 30.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,280 shares of the basic materials company’s stock worth $870,000 after acquiring an additional 3,357 shares during the last quarter. Vanguard Group Inc. increased its stake in Cal-Maine Foods by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock worth $282,219,000 after acquiring an additional 23,915 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in shares of Cal-Maine Foods in the 1st quarter worth about $408,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the sale, the vice president now directly owns 16,754 shares of the company’s stock, valued at approximately $1,188,361.22. The trade was a 8.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Down 0.0 %

Shares of CALM opened at $90.43 on Friday. The business’s fifty day simple moving average is $83.42 and its two-hundred day simple moving average is $70.65. Cal-Maine Foods, Inc. has a 12 month low of $45.07 and a 12 month high of $95.06. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 10.36 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The firm 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 business’s quarterly revenue was up 71.1% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. As a group, research analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CALM. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price for the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Friday.

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.