Cal-Maine Foods, Inc. (NASDAQ:CALM) Holdings Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,406 shares of the basic materials company’s stock after selling 7,849 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cal-Maine Foods were worth $1,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Park Place Capital Corp bought a new position in shares of Cal-Maine Foods in the 4th quarter worth about $26,000. Signaturefd LLC raised its stake in Cal-Maine Foods by 44.2% during the third quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 233 shares during the period. Principal Securities Inc. bought a new position in Cal-Maine Foods in the fourth quarter worth about $43,000. Blue Trust Inc. boosted its stake in Cal-Maine Foods by 460.3% in the fourth quarter. Blue Trust Inc. now owns 1,087 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 893 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of Cal-Maine Foods during the third quarter valued at approximately $67,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens restated an “equal weight” rating and set a $65.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Cal-Maine Foods Stock Up 1.1 %

Cal-Maine Foods stock opened at $60.35 on Friday. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $64.76. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.70 and a beta of -0.02. The firm has a 50-day moving average price of $59.37 and a two-hundred day moving average price of $56.09.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The business had revenue of $703.08 million during the quarter, compared to the consensus estimate of $692.35 million. During the same period in the previous year, the firm posted $6.62 earnings per share. The business’s revenue was down 29.5% on a year-over-year basis. Research analysts expect that Cal-Maine Foods, Inc. will post 4.51 earnings per share for the current 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.