World Investment Advisors LLC Invests $1.59 Million in Cal-Maine Foods, Inc. (NASDAQ:CALM)

World Investment Advisors LLC acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the third quarter, Holdings Channel reports. The firm acquired 21,180 shares of the basic materials company’s stock, valued at approximately $1,585,000.

Several other large investors also recently added to or reduced their stakes in CALM. Axiom Advisory LLC increased its position in shares of Cal-Maine Foods by 3.3% during the third quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 128 shares during the period. Martingale Asset Management L P grew its stake in Cal-Maine Foods by 0.4% in the third quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock worth $2,943,000 after purchasing an additional 145 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in Cal-Maine Foods by 57.0% during the 3rd 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 period. Garner Asset Management Corp raised its position in Cal-Maine Foods by 0.9% during the 2nd quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock valued at $1,238,000 after purchasing an additional 183 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock worth $1,126,000 after buying an additional 188 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Trading Up 2.1 %

Shares of NASDAQ CALM opened at $108.12 on Friday. The stock has a market capitalization of $5.30 billion, a PE ratio of 12.38 and a beta of -0.10. Cal-Maine Foods, Inc. has a 12-month low of $53.02 and a 12-month high of $108.22. The stock’s fifty day simple moving average is $93.60 and its two-hundred day simple moving average is $76.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The company had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. Cal-Maine Foods’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 23rd. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target for the company.

About Cal-Maine Foods

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.