Thrivent Financial for Lutherans Decreases Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Thrivent Financial for Lutherans decreased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,961 shares of the basic materials company’s stock after selling 1,825 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Cal-Maine Foods worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CALM. Dimensional Fund Advisors LP raised its stake in Cal-Maine Foods by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after acquiring an additional 114,995 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Cal-Maine Foods by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock worth $129,286,000 after buying an additional 110,900 shares during the last quarter. American Century Companies Inc. boosted its holdings in Cal-Maine Foods by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock worth $61,948,000 after buying an additional 82,772 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Cal-Maine Foods in the 3rd quarter worth about $58,810,000. Finally, Janus Henderson Group PLC boosted its holdings in Cal-Maine Foods by 162.0% in the 1st quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock worth $3,681,000 after buying an additional 38,693 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Cal-Maine Foods Stock Up 0.5 %

Shares of NASDAQ CALM opened at $97.15 on Thursday. The business’s 50 day moving average is $87.07 and its two-hundred day moving average is $72.75. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 11.13 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52-week low of $46.30 and a 52-week high of $99.63.

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

Cal-Maine Foods Company 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.