Principal Financial Group Inc. Trims Position in Cal-Maine Foods, Inc. (CALM)

Principal Financial Group Inc. lessened its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 47.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 224,493 shares of the basic materials company’s stock after selling 206,046 shares during the quarter. Principal Financial Group Inc. owned 0.46% of Cal-Maine Foods worth $9,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in Cal-Maine Foods by 22.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after buying an additional 590 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Cal-Maine Foods by 48.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after buying an additional 1,111 shares in the last quarter. Bessemer Group Inc. increased its position in Cal-Maine Foods by 138.3% in the second quarter. Bessemer Group Inc. now owns 3,649 shares of the basic materials company’s stock worth $145,000 after buying an additional 2,118 shares in the last quarter. Aviance Capital Management LLC purchased a new stake in Cal-Maine Foods in the second quarter worth about $191,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Cal-Maine Foods in the third quarter worth about $252,000. Institutional investors own 66.30% of the company’s stock.

Cal-Maine Foods, Inc. (NASDAQ:CALM) opened at $47.45 on Tuesday. Cal-Maine Foods, Inc. has a one year low of $33.40 and a one year high of $50.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.67 and a quick ratio of 4.14.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The company had revenue of $262.80 million for the quarter, compared to analysts’ expectations of $265.50 million. During the same quarter last year, the company earned ($0.64) earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. research analysts predict that Cal-Maine Foods, Inc. will post 0.9 earnings per share for the current fiscal year.

A number of analysts have commented on CALM shares. Zacks Investment Research upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Friday, November 17th. Stephens raised Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $50.00 in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Cal-Maine Foods has a consensus rating of “Hold” and an average target price of $40.08.

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Cal-Maine Foods Profile

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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