Cary Street Partners Financial LLC Acquires Shares of 3,827 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cary Street Partners Financial LLC bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, Holdings Channel.com reports. The firm bought 3,827 shares of the basic materials company’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock valued at $504,885,000 after purchasing an additional 118,162 shares during the period. American Century Companies Inc. boosted its stake in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock valued at $130,361,000 after buying an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Cal-Maine Foods by 11.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock worth $102,801,000 after acquiring an additional 104,512 shares during the period. Northern Trust Corp raised its position in Cal-Maine Foods by 60.2% in the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company’s stock worth $69,403,000 after acquiring an additional 253,310 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Cal-Maine Foods by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock valued at $66,294,000 after acquiring an additional 22,939 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 0.6 %

CALM opened at $91.26 on Friday. Cal-Maine Foods, Inc. has a 52-week low of $57.13 and a 52-week high of $116.41. The company has a 50 day moving average of $91.53 and a two-hundred day moving average of $97.04. The company has a market cap of $4.48 billion, a P/E ratio of 7.10 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $953.76 million. During the same quarter in the prior year, the business earned $3.00 EPS. Cal-Maine Foods’s quarterly revenue was up 101.6% compared to the same quarter last year. Research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the sale, the insider now directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CALM has been the subject of several research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. BMO Capital Markets upgraded Cal-Maine Foods to a “hold” rating in a report on Tuesday. Finally, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Saturday.

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.