Cal-Maine Foods, Inc. $CALM Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 11,570.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,799 shares of the basic materials company’s stock after acquiring an additional 46,398 shares during the quarter. Fifth Third Bancorp’s holdings in Cal-Maine Foods were worth $3,704,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its stake in Cal-Maine Foods by 77.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,540 shares of the basic materials company’s stock valued at $438,000 after buying an additional 2,412 shares in the last quarter. Costello Asset Management INC lifted its holdings in Cal-Maine Foods by 83.7% in the 1st quarter. Costello Asset Management INC now owns 3,445 shares of the basic materials company’s stock valued at $273,000 after purchasing an additional 1,570 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Cal-Maine Foods by 111.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,111 shares of the basic materials company’s stock valued at $484,000 after purchasing an additional 3,226 shares in the last quarter. Integrated Advisors Network LLC purchased a new position in Cal-Maine Foods in the 1st quarter valued at $399,000. Finally, Abel Hall LLC acquired a new stake in Cal-Maine Foods during the 1st quarter worth $219,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CALM shares. Royal Bank Of Canada set a $100.00 target price on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cal-Maine Foods in a research note on Wednesday, July 8th. Stephens dropped their price target on Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. Finally, Wells Fargo & Company set a $100.00 price objective on Cal-Maine Foods in a research report on Monday, July 13th. One 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 an average rating of “Hold” and an average target price of $94.29.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $88.55 on Monday. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $126.40. The firm has a market capitalization of $4.20 billion, a P/E ratio of 6.17 and a beta of 0.25. The firm has a 50-day moving average price of $79.50 and a 200 day moving average price of $80.19.

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.