Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its holdings in Cal-Maine Foods by 3.9%, now owning approximately 133,696 shares worth $12.15 million as of its latest SEC filing.
• Cal-Maine Foods reported a significant quarterly earnings increase with an EPS of $7.04, exceeding analysts' expectations of $5.29, and showing a 72.1% year-over-year revenue growth.
• Recent analyst ratings upgrades include Stephens increasing the price target from $108.00 to $115.00 and BMO Capital Markets raising theirs from $100.00 to $105.00, reflecting positive market sentiment.

Allianz Asset Management GmbH decreased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,696 shares of the basic materials company's stock after selling 5,487 shares during the period. Allianz Asset Management GmbH owned about 0.27% of Cal-Maine Foods worth $12,153,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Cal-Maine Foods in the fourth quarter worth about $1,123,000. Envestnet Portfolio Solutions Inc. bought a new position in Cal-Maine Foods in the fourth quarter worth about $231,000. Sei Investments Co. lifted its holdings in Cal-Maine Foods by 54.3% in the fourth quarter. Sei Investments Co. now owns 54,505 shares of the basic materials company's stock worth $5,610,000 after acquiring an additional 19,184 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after acquiring an additional 118,162 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Cal-Maine Foods by 77.0% in the fourth quarter. Prudential Financial Inc. now owns 76,247 shares of the basic materials company's stock worth $7,847,000 after acquiring an additional 33,172 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CALM shares. Wall Street Zen cut shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday. Stephens raised their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets raised their target price on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM traded up $1.67 during trading hours on Tuesday, hitting $106.03. The stock had a trading volume of 190,089 shares, compared to its average volume of 976,872. The stock's fifty day simple moving average is $100.20 and its 200 day simple moving average is $97.79. Cal-Maine Foods, Inc. has a 1-year low of $67.40 and a 1-year high of $126.40. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 4.25 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 EPS for the quarter, beating the consensus estimate of $5.29 by $1.75. Cal-Maine Foods had a net margin of 28.63% and a return on equity of 54.81%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $877.03 million. During the same quarter last year, the business earned $2.32 earnings per share. Cal-Maine Foods's revenue was up 72.1% compared to the same quarter last year. As a group, research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.