Cal-Maine Foods, Inc. $CALM Position Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2,173.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,756 shares of the basic materials company’s stock after purchasing an additional 11,239 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cal-Maine Foods were worth $935,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cal-Maine Foods by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock valued at $2,218,000 after buying an additional 1,057 shares during the period. NewEdge Advisors LLC grew its position in shares of Cal-Maine Foods by 100.8% during the 1st quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock valued at $726,000 after buying an additional 4,009 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Cal-Maine Foods during the 1st quarter valued at about $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cal-Maine Foods by 10.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock worth $7,765,000 after acquiring an additional 7,736 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Cal-Maine Foods by 323.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 830 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Up 4.2%

CALM stock opened at $83.85 on Friday. The company has a 50-day simple moving average of $77.49 and a 200 day simple moving average of $80.10. The company has a market capitalization of $3.97 billion, a P/E ratio of 5.84 and a beta of 0.25. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. The firm had revenue of $666.95 million for the quarter, compared to analysts’ expectations of $655.82 million. During the same quarter last year, the company earned $10.39 EPS. Cal-Maine Foods’s quarterly revenue was down 53.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a research note on Tuesday, May 26th. BMO Capital Markets dropped their price target on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Finally, Stephens boosted their price objective on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Cal-Maine Foods has a consensus rating of “Hold” and an average target price of $94.17.

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. 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.