Principal Financial Group Inc. Purchases 16,901 Shares of Cal-Maine Foods, Inc. $CALM

Principal Financial Group Inc. increased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,580 shares of the basic materials company’s stock after buying an additional 16,901 shares during the period. Principal Financial Group Inc.’s holdings in Cal-Maine Foods were worth $24,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in Cal-Maine Foods by 11,570.6% during the 1st quarter. Fifth Third Bancorp now owns 46,799 shares of the basic materials company’s stock valued at $3,704,000 after buying an additional 46,398 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Cal-Maine Foods by 77.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,540 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 2,412 shares in the last quarter. Costello Asset Management INC raised its holdings in shares of Cal-Maine Foods by 83.7% during the 1st quarter. Costello Asset Management INC now owns 3,445 shares of the basic materials company’s stock worth $273,000 after acquiring an additional 1,570 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Cal-Maine Foods by 111.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,111 shares of the basic materials company’s stock valued at $484,000 after acquiring an additional 3,226 shares during the last quarter. Finally, Integrated Advisors Network LLC bought a new position in shares of Cal-Maine Foods during the 1st quarter valued at approximately $399,000. 84.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CALM has been the topic of several research reports. Stephens reduced their price target on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Cal-Maine Foods in a research note on Wednesday, July 8th. Wells Fargo & Company set a $100.00 target price on shares of Cal-Maine Foods in a report on Monday, July 13th. Finally, BMO Capital Markets decreased their target price on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $94.29.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $88.42 on Tuesday. The company has a market cap of $4.19 billion, a P/E ratio of 6.16 and a beta of 0.25. The business’s 50 day moving average price is $79.76 and its 200-day moving average price is $80.24. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.