22,476 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,476 shares of the basic materials company’s stock, valued at approximately $2,313,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Cal-Maine Foods by 3.0% during the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock worth $120,447,000 after buying an additional 46,187 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock valued at $116,876,000 after purchasing an additional 64,489 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Cal-Maine Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock valued at $74,000,000 after purchasing an additional 10,984 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cal-Maine Foods by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock worth $66,294,000 after purchasing an additional 22,939 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock worth $53,272,000 after purchasing an additional 76,387 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stephens reiterated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $87.18 on Monday. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41. The company’s 50 day simple moving average is $102.35 and its 200 day simple moving average is $92.65. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 6.78 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. Equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.