MML Investors Services LLC Increases Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

MML Investors Services LLC boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 9.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,464 shares of the basic materials company’s stock after buying an additional 392 shares during the quarter. MML Investors Services LLC’s holdings in Cal-Maine Foods were worth $334,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hantz Financial Services Inc. purchased a new stake in shares of Cal-Maine Foods in the second quarter valued at about $25,000. Harbor Capital Advisors Inc. bought a new stake in Cal-Maine Foods in the 3rd quarter worth about $29,000. Hexagon Capital Partners LLC increased its position in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at $33,000. Finally, Quarry LP increased its holdings in Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after buying an additional 553 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CALM has been the subject of a number of recent research reports. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Stock Up 2.1 %

Cal-Maine Foods stock opened at $102.75 on Wednesday. The business has a 50-day simple moving average of $95.73 and a 200 day simple moving average of $78.74. Cal-Maine Foods, Inc. has a 52 week low of $53.02 and a 52 week high of $114.06. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 11.77 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data 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 company had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. During the same quarter last year, the company posted $0.02 earnings per share. The firm’s revenue for the quarter was up 71.1% on a year-over-year basis. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

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.