Vanguard Group Inc. Has $449.56 Million Stock Position in Cal-Maine Foods, Inc. $CALM

Key Points

• Vanguard Group Inc. increased its holdings in Cal-Maine Foods by 0.8%, owning approximately 10.08% of the company, valued at about $449.6 million after acquiring an additional 40,075 shares.
• Cal-Maine Foods reported a significant earnings surprise in its latest quarter, with $7.04 EPS exceeding estimates by $1.75 and a revenue increase of 72.1% year-over-year.
• Multiple institutional investors, including Northern Trust and Millennium Management, also raised their stakes in Cal-Maine Foods, reflecting increasing confidence in the company.

Vanguard Group Inc. boosted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,945,681 shares of the basic materials company's stock after purchasing an additional 40,075 shares during the period. Vanguard Group Inc. owned about 10.08% of Cal-Maine Foods worth $449,562,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of Cal-Maine Foods during the first quarter valued at approximately $30,000. Investment Management Corp VA ADV lifted its holdings in shares of Cal-Maine Foods by 172.2% during the 1st quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 248 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Cal-Maine Foods by 388.2% during the 1st quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after purchasing an additional 493 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Cal-Maine Foods in the 1st quarter valued at $77,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Cal-Maine Foods by 126.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock valued at $84,000 after acquiring an additional 513 shares during the period. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Up 1.0%

Shares of CALM traded up $1.0850 on Tuesday, hitting $109.9850. 226,551 shares of the stock traded hands, compared to its average volume of 967,978. The firm has a market capitalization of $5.39 billion, a P/E ratio of 4.41 and a beta of 0.19. The stock's 50 day moving average is $103.79 and its two-hundred day moving average is $97.43. Cal-Maine Foods, Inc. has a 1 year low of $68.22 and a 1 year high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $1.75. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $877.03 million. Cal-Maine Foods had a net margin of 28.63% and a return on equity of 54.81%. The firm's quarterly revenue was up 72.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 EPS. Research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CALM shares. Stephens raised their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. The Goldman Sachs Group initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, August 14th. They issued a "neutral" rating and a $110.00 price target for the company. Finally, 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. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Cal-Maine Foods presently has an average rating of "Hold" and a consensus target price of $110.00.

About Cal-Maine Foods

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.