Assetmark Inc. Buys 11,868 Shares of Cal-Maine Foods, Inc. $CALM

Assetmark Inc. lifted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,641 shares of the basic materials company’s stock after purchasing an additional 11,868 shares during the period. Assetmark Inc.’s holdings in Cal-Maine Foods were worth $10,340,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CALM. Northwestern Mutual Wealth Management Co. raised its position in shares of Cal-Maine Foods by 3,014.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 623,571 shares of the basic materials company’s stock worth $49,618,000 after acquiring an additional 603,551 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Cal-Maine Foods during the fourth quarter valued at $28,864,000. Millennium Management LLC boosted its holdings in Cal-Maine Foods by 533.2% in the fourth quarter. Millennium Management LLC now owns 348,762 shares of the basic materials company’s stock valued at $27,751,000 after acquiring an additional 293,684 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Cal-Maine Foods by 32.2% in the fourth quarter. Bank of New York Mellon Corp now owns 759,310 shares of the basic materials company’s stock valued at $60,418,000 after acquiring an additional 184,843 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Cal-Maine Foods by 66.9% in the second quarter. Qube Research & Technologies Ltd now owns 435,376 shares of the basic materials company’s stock worth $43,377,000 after purchasing an additional 174,576 shares during the period. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Down 0.1%

Shares of CALM opened at $88.42 on Tuesday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 6.16 and a beta of 0.25. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40. The company has a 50 day moving average of $79.76 and a 200-day moving average of $80.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, March 25th. Stephens reduced their price objective on shares of 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. Wells Fargo & Company set a $100.00 target price on shares of Cal-Maine Foods in a report on Monday, July 13th. Royal Bank Of Canada set a $100.00 price objective on Cal-Maine Foods in a report on Tuesday, May 26th. Finally, Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $94.29.

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.