Citigroup Inc. Has $5.46 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Citigroup Inc. raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 40.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,911 shares of the basic materials company’s stock after buying an additional 20,935 shares during the quarter. Citigroup Inc. owned 0.15% of Cal-Maine Foods worth $5,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Axiom Advisory LLC increased its position in Cal-Maine Foods by 3.3% during the third quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 128 shares during the period. Hexagon Capital Partners LLC grew its position in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 155 shares in the last quarter. Garner Asset Management Corp increased its holdings in shares of Cal-Maine Foods by 0.9% during the second quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock worth $1,238,000 after purchasing an additional 183 shares during the period. Regal Investment Advisors LLC raised its position in shares of Cal-Maine Foods by 3.9% in the second quarter. Regal Investment Advisors LLC now owns 5,404 shares of the basic materials company’s stock valued at $330,000 after buying an additional 203 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Cal-Maine Foods by 2.0% in the second quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock valued at $719,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.5 %

Shares of Cal-Maine Foods stock opened at $97.61 on Monday. The company has a market cap of $4.79 billion, a PE ratio of 11.18 and a beta of -0.12. The company has a 50 day moving average of $88.51 and a 200-day moving average of $73.47. Cal-Maine Foods, Inc. has a 1-year low of $47.06 and a 1-year high of $99.63.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was up 71.1% on a year-over-year basis. Research analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on CALM. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

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.