Hennion & Walsh Asset Management Inc. Lowers Stake in Cal-Maine Foods, Inc. (CALM) – 1st Quarter Update

Are you interested in learning more about the recent changes in institutional investor holdings of Cal-Maine Foods, Inc. (NASDAQ:CALM)? Hennion & Walsh Asset Management Inc. recently lowered its stake in the company by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,999 shares of the stock after selling 372 shares, with a value of $471,000.

But they weren’t the only ones making moves. National Bank of Canada FI, Quadrant Capital Group LLC, Donoghue Forlines LLC, Park Place Capital Corp, and Cape Investment Advisory Inc. all made changes to their holdings as well. In fact, institutional investors and hedge funds now own 84.67% of Cal-Maine Foods’ stock.

Despite these changes, Wall Street analysts are forecasting growth for the company. Stephens recently restated an “equal weight” rating and issued a $65.00 price target on shares of Cal-Maine Foods.

Currently, Cal-Maine Foods’ stock is trading down 1.5%, with a market capitalization of $3.03 billion. The company recently reported earnings of $3.00 per share for the quarter, beating analysts’ estimates. They had revenue of $703.08 million, with a return on equity of 16.79% and a net margin of 11.61%.

Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs, offering specialty shell eggs under various brand names. Want to stay updated on the latest news and analyst ratings for Cal-Maine Foods? Sign up for MarketBeat.com’s FREE daily email newsletter.

If you’re curious about what other hedge funds are holding CALM, visit HoldingsChannel.com to access the latest 13F filings and insider trades. Stay informed and make informed investment decisions with the latest information on Cal-Maine Foods.