Rockefeller Capital Management L.P. Raises Stake in Cal-Maine Foods, Inc. $CALM

Rockefeller Capital Management L.P. lifted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2,173.9% in the fourth quarter, according to its most recent 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 quarter. Rockefeller Capital Management L.P.’s holdings in Cal-Maine Foods were worth $935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cal-Maine Foods by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock worth $2,218,000 after buying an additional 1,057 shares during the period. NewEdge Advisors LLC lifted its holdings 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 acquiring an additional 4,009 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Cal-Maine Foods during the 1st quarter valued at $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cal-Maine Foods by 10.0% during the 1st 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 purchasing an additional 7,736 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Cal-Maine Foods by 323.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 830 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $83.85 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $126.40. The firm’s 50-day simple moving average is $77.49 and its 200-day simple moving average is $80.10. The firm has a market cap of $3.97 billion, a PE ratio of 5.84 and a beta of 0.25.

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

Wall Street Analyst Weigh In

CALM has been the topic of several research reports. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. 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 target price on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, March 25th. Finally, Stephens raised their target price on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Cal-Maine Foods presently has a consensus rating of “Hold” and a consensus target price of $94.17.

About Cal-Maine Foods

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.