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

Allspring Global Investments Holdings LLC decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 39.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,620 shares of the basic materials company's stock after selling 4,987 shares during the period. Allspring Global Investments Holdings LLC's holdings in Cal-Maine Foods were worth $696,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CALM. Vanguard Group Inc. boosted its holdings in shares of Cal-Maine Foods by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after buying an additional 118,162 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Cal-Maine Foods by 12.7% in the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock worth $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Cal-Maine Foods by 11.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after buying an additional 104,512 shares during the last quarter. Northern Trust Corp increased its position in Cal-Maine Foods by 60.2% during the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock valued at $69,403,000 after buying an additional 253,310 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Cal-Maine Foods by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock valued at $66,294,000 after buying an additional 22,939 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Insider Buying and Selling 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 that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $116,658,009.60. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 13.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stephens restated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Cal-Maine Foods Stock Down 0.7%

CALM opened at $101.61 on Thursday. Cal-Maine Foods, Inc. has a twelve month low of $62.59 and a twelve month high of $116.41. The firm has a 50 day moving average price of $97.38 and a 200-day moving average price of $97.69. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 5.02 and a beta of 0.17.

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

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.

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