Hsbc Holdings PLC Has $777,000 Stock Position in Cal-Maine Foods, Inc. $CALM

Hsbc Holdings PLC lowered its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 81.6% in the first quarter, HoldingsChannel reports. The firm owned 9,847 shares of the basic materials company’s stock after selling 43,761 shares during the period. Hsbc Holdings PLC’s holdings in Cal-Maine Foods were worth $777,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position in Cal-Maine Foods by 111.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,111 shares of the basic materials company’s stock worth $484,000 after buying an additional 3,226 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of Cal-Maine Foods in the first quarter valued at approximately $399,000. Abel Hall LLC acquired a new stake in shares of Cal-Maine Foods in the first quarter valued at approximately $219,000. DGS Capital Management LLC boosted its stake in shares of Cal-Maine Foods by 6.7% during the 1st quarter. DGS Capital Management LLC now owns 2,932 shares of the basic materials company’s stock worth $232,000 after acquiring an additional 183 shares during the period. Finally, Stephens Inc. AR bought a new position in shares of Cal-Maine Foods during the 1st quarter worth approximately $1,383,000. Institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stephens dropped their price target on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada set a $100.00 price objective on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Wells Fargo & Company set a $100.00 price objective on shares of Cal-Maine Foods in a research report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $94.71.

Cal-Maine Foods Trading Up 0.3%

Shares of NASDAQ CALM opened at $93.50 on Thursday. The firm has a market cap of $4.43 billion, a P/E ratio of 14.27 and a beta of 0.25. The business’s 50 day moving average is $81.39 and its 200-day moving average is $80.81. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $117.45.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.84). Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. The firm had revenue of $552.58 million during the quarter, compared to the consensus estimate of $563.83 million. During the same quarter last year, the firm earned $7.04 earnings per share. The business’s revenue for the quarter was down 49.9% compared to the same quarter last year.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.