Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,262 shares of the basic materials company’s stock after buying an additional 283 shares during the period. Legal & General Group Plc owned approximately 0.11% of Cal-Maine Foods worth $1,961,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Cal-Maine Foods during the fourth quarter worth $9,300,000. Royce & Associates LP raised its position in Cal-Maine Foods by 29.0% in the first quarter. Royce & Associates LP now owns 918,206 shares of the basic materials company’s stock worth $33,790,000 after buying an additional 206,480 shares during the period. Keating Investment Counselors Inc. acquired a new position in Cal-Maine Foods during the first quarter worth $5,640,000. Aberdeen Asset Management PLC UK raised its position in Cal-Maine Foods by 7.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,517,059 shares of the basic materials company’s stock worth $55,827,000 after buying an additional 108,970 shares during the period. Finally, Diversified Investment Strategies LLC raised its position in Cal-Maine Foods by 235.7% in the first quarter. Diversified Investment Strategies LLC now owns 81,575 shares of the basic materials company’s stock worth $3,002,000 after buying an additional 57,275 shares during the period. 61.85% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods, Inc. (CALM) opened at 35.45 on Wednesday. Cal-Maine Foods, Inc. has a 1-year low of $35.00 and a 1-year high of $46.47. The company’s market capitalization is $1.72 billion. The firm has a 50 day moving average of $37.99 and a 200-day moving average of $38.98.

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A number of research analysts have weighed in on CALM shares. BidaskClub lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. ValuEngine raised shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) dropped their price objective on shares of Cal-Maine Foods from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, March 27th. Zacks Investment Research lowered shares of Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, March 24th. Finally, Cleveland Research lowered shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, May 30th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.70.

Cal-Maine Foods Company 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.

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

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