Allspring Global Investments Holdings LLC Decreases Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Allspring Global Investments Holdings LLC cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,620 shares of the basic materials company's stock after selling 4,987 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Cal-Maine Foods were worth $696,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in Cal-Maine Foods during the 1st quarter valued at about $30,000. Blue Trust Inc. grew its stake in Cal-Maine Foods by 388.2% during the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after acquiring an additional 493 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Cal-Maine Foods during the 1st quarter worth approximately $77,000. Harbor Capital Advisors Inc. increased its holdings in Cal-Maine Foods by 126.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock worth $84,000 after acquiring an additional 513 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in Cal-Maine Foods in the 4th quarter worth approximately $134,000. Institutional investors own 84.67% of the company's stock.

Analyst Ratings Changes

CALM has been the topic of several research analyst reports. Wall Street Zen raised shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Stephens restated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.

Cal-Maine Foods Trading Down 0.2%

Shares of Cal-Maine Foods stock traded down $0.22 on Friday, hitting $100.52. 701,496 shares of the company traded hands, compared to its average volume of 762,006. Cal-Maine Foods, Inc. has a 12-month low of $62.69 and a 12-month high of $116.41. The company has a market cap of $4.93 billion, a P/E ratio of 4.97 and a beta of 0.17. The firm's 50-day simple moving average is $97.70 and its 200 day simple moving average is $97.68.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 48.72% and a net margin of 26.08%. The company's revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter last year, the business posted $3.00 earnings per share. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 1,287,616 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $116,658,009.60. Following the completion of the sale, the insider directly owned 1,702,853 shares in the company, valued at $154,278,481.80. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.45% of the company's stock.

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.