Universal Beteiligungs und Servicegesellschaft mbH Takes $3.12 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $3.12 million in Cal-Maine Foods, acquiring 34,279 shares of the company.
• Cal-Maine Foods reported a significant net revenue increase of 72.1% year-over-year, totaling $1.10 billion and showing earnings of $7.04 per share.
• Equities analysts have recently set new price targets for Cal-Maine Foods, with BMO Capital Markets raising their target from $100.00 to $105.00 and Stephens increasing theirs from $108.00 to $115.00.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,279 shares of the basic materials company's stock, valued at approximately $3,116,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Cal-Maine Foods as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Cal-Maine Foods during the 1st quarter worth $527,000. Bank of New York Mellon Corp lifted its position in Cal-Maine Foods by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 562,810 shares of the basic materials company's stock valued at $51,159,000 after acquiring an additional 45,201 shares during the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 390 shares during the last quarter. GAMMA Investing LLC lifted its position in Cal-Maine Foods by 25.7% in the first quarter. GAMMA Investing LLC now owns 1,720 shares of the basic materials company's stock valued at $156,000 after acquiring an additional 352 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Cal-Maine Foods in the fourth quarter valued at $1,123,000. Institutional investors and hedge funds own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Stephens upped their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. BMO Capital Markets boosted their price target on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th.

Cal-Maine Foods Stock Performance

CALM traded down $3.26 on Friday, hitting $107.88. 926,680 shares of the company were exchanged, compared to its average volume of 985,803. The business's fifty day moving average is $101.05 and its 200 day moving average is $97.98. Cal-Maine Foods, Inc. has a fifty-two week low of $67.40 and a fifty-two week high of $126.40. The firm has a market capitalization of $5.29 billion, a P/E ratio of 4.32 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share for the quarter, topping 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 period in the prior year, the business posted $2.32 earnings per share. The firm's revenue for the quarter was up 72.1% compared to the same quarter last year. Analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal 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.