Hsbc Holdings PLC Buys 371 Shares of Cal-Maine Foods Inc (CALM)

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Hsbc Holdings PLC increased its stake in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,384 shares of the basic materials company’s stock after purchasing an additional 371 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Cal-Maine Foods worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CALM. Piedmont Investment Advisors Inc. grew its holdings in Cal-Maine Foods by 3.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 7,213 shares of the basic materials company’s stock valued at $305,000 after buying an additional 234 shares during the period. Mondrian Investment Partners LTD grew its holdings in Cal-Maine Foods by 0.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 76,544 shares of the basic materials company’s stock valued at $3,238,000 after buying an additional 275 shares during the period. State of Alaska Department of Revenue grew its holdings in Cal-Maine Foods by 3.0% in the 4th quarter. State of Alaska Department of Revenue now owns 10,118 shares of the basic materials company’s stock valued at $427,000 after buying an additional 295 shares during the period. Meeder Asset Management Inc. grew its holdings in Cal-Maine Foods by 67.3% in the 4th quarter. Meeder Asset Management Inc. now owns 994 shares of the basic materials company’s stock valued at $42,000 after buying an additional 400 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in Cal-Maine Foods by 25.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,444 shares of the basic materials company’s stock valued at $103,000 after buying an additional 502 shares during the period. Hedge funds and other institutional investors own 63.81% of the company’s stock.

Several analysts have commented on CALM shares. TheStreet cut Cal-Maine Foods from a “b-” rating to a “c+” rating in a report on Friday, December 28th. Stephens assumed coverage on Cal-Maine Foods in a report on Monday, March 4th. They issued an “equal weight” rating for the company. ValuEngine downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Vertical Group downgraded Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Finally, BidaskClub downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $54.50.

Shares of CALM opened at $44.14 on Wednesday. The firm has a market cap of $2.16 billion, a P/E ratio of 12.70 and a beta of 0.32. Cal-Maine Foods Inc has a 12 month low of $40.63 and a 12 month high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Friday, January 4th. The basic materials company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $362.73 million. Cal-Maine Foods had a return on equity of 17.78% and a net margin of 12.84%. Cal-Maine Foods’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share.

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About Cal-Maine Foods

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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

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