Citigroup Inc. Has $5.46 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Citigroup Inc. lifted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 40.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 72,911 shares of the basic materials company’s stock after purchasing an additional 20,935 shares during the quarter. Citigroup Inc.’s holdings in Cal-Maine Foods were worth $5,457,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in Cal-Maine Foods in the 2nd quarter worth about $25,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Cal-Maine Foods during the third quarter valued at about $29,000. Hexagon Capital Partners LLC grew its holdings 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 worth $32,000 after purchasing an additional 155 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Cal-Maine Foods in the third quarter valued at approximately $33,000. Finally, Quarry LP raised its holdings in Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after buying an additional 553 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cal-Maine Foods Price Performance

Shares of CALM opened at $97.61 on Monday. The business has a 50-day moving average of $88.51 and a 200-day moving average of $73.47. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 11.18 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1 year low of $47.06 and a 1 year high of $99.63.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) 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 firm had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. During the same quarter in the previous year, the business posted $0.02 EPS. The firm’s revenue for the quarter was up 71.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Cal-Maine Foods 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.