Cal-Maine Foods, Inc. (CALM) Stake Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 400,970 shares of the basic materials company’s stock after acquiring an additional 20,866 shares during the quarter. Allianz Asset Management GmbH owned about 0.83% of Cal-Maine Foods worth $16,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in shares of Cal-Maine Foods by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 57,945 shares of the basic materials company’s stock valued at $2,293,000 after acquiring an additional 4,683 shares during the last quarter. State Street Corp boosted its holdings in shares of Cal-Maine Foods by 4.2% during the 2nd quarter. State Street Corp now owns 757,120 shares of the basic materials company’s stock valued at $29,984,000 after acquiring an additional 30,863 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Cal-Maine Foods by 40.8% during the 2nd quarter. TD Asset Management Inc. now owns 52,412 shares of the basic materials company’s stock valued at $2,076,000 after acquiring an additional 15,200 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Cal-Maine Foods in the 2nd quarter worth approximately $385,000. Finally, Teachers Advisors LLC lifted its stake in shares of Cal-Maine Foods by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 52,300 shares of the basic materials company’s stock worth $1,925,000 after purchasing an additional 1,808 shares during the period. 66.30% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods, Inc. (NASDAQ:CALM) opened at $45.05 on Wednesday. Cal-Maine Foods, Inc. has a one year low of $33.40 and a one year high of $50.40. The company has a current ratio of 6.67, a quick ratio of 4.14 and a debt-to-equity ratio of 0.01.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. The business had revenue of $262.80 million during the quarter, compared to the consensus estimate of $265.50 million. During the same quarter last year, the company earned ($0.64) EPS. Cal-Maine Foods’s revenue for the quarter was up 9.6% on a year-over-year basis. equities analysts forecast that Cal-Maine Foods, Inc. will post 0.9 EPS for the current year.

Several equities analysts have recently weighed in on CALM shares. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Friday, November 17th. Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $40.08.

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Cal-Maine Foods Profile

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.

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

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