Principal Financial Group Inc. Buys 5,648 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Principal Financial Group Inc. boosted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,171 shares of the basic materials company's stock after acquiring an additional 5,648 shares during the quarter. Principal Financial Group Inc. owned 0.46% of Cal-Maine Foods worth $20,559,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Krane Funds Advisors LLC raised its stake in Cal-Maine Foods by 4.1% during the first quarter. Krane Funds Advisors LLC now owns 5,096 shares of the basic materials company's stock worth $463,000 after acquiring an additional 203 shares in the last quarter. Monument Capital Management increased its stake in shares of Cal-Maine Foods by 6.2% in the first quarter. Monument Capital Management now owns 3,358 shares of the basic materials company's stock valued at $305,000 after buying an additional 195 shares in the last quarter. KBC Group NV increased its stake in shares of Cal-Maine Foods by 23.2% in the first quarter. KBC Group NV now owns 2,071 shares of the basic materials company's stock valued at $188,000 after buying an additional 390 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Cal-Maine Foods in the first quarter valued at $527,000. Finally, Illinois Municipal Retirement Fund increased its stake in shares of Cal-Maine Foods by 7.2% in the first quarter. Illinois Municipal Retirement Fund now owns 21,262 shares of the basic materials company's stock valued at $1,933,000 after buying an additional 1,427 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Trading Down 0.2%

Cal-Maine Foods stock traded down $0.22 during mid-day trading on Friday, hitting $100.52. The stock had a trading volume of 701,496 shares, compared to its average volume of 763,419. The stock has a 50-day simple moving average of $97.70 and a two-hundred day simple moving average of $97.65. The stock has a market capitalization of $4.93 billion, a PE ratio of 4.97 and a beta of 0.17. Cal-Maine Foods, Inc. has a 12 month low of $62.69 and a 12 month high of $116.41.

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 1,287,616 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 1,702,853 shares in the company, valued at $154,278,481.80. This trade represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.