Kingsview Wealth Management LLC Makes New Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kingsview Wealth Management LLC bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 30,965 shares of the basic materials company's stock, valued at approximately $2,815,000. Kingsview Wealth Management LLC owned 0.06% of Cal-Maine Foods as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 worth $504,885,000 after acquiring an additional 118,162 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Cal-Maine Foods by 12.7% during 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 acquiring 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% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after acquiring an additional 104,512 shares in the last quarter. Northern Trust Corp grew its stake in shares of 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 worth $69,403,000 after acquiring an additional 253,310 shares in the last quarter. Finally, Man Group plc grew its stake in shares of Cal-Maine Foods by 258.7% during the 4th quarter. Man Group plc now owns 582,711 shares of the basic materials company's stock worth $59,973,000 after acquiring an additional 420,247 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Trading Down 0.8%

NASDAQ:CALM opened at $105.94 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $63.37 and a 1-year high of $116.41. The firm has a fifty day simple moving average of $98.79 and a 200 day simple moving average of $97.76. The stock has a market capitalization of $5.20 billion, a PE ratio of 5.24 and a beta of 0.17.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CALM shares. Wall Street Zen raised shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Finally, Stephens raised their target price on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the company an "equal weight" rating in a research note on Tuesday.

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.

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