Avantax Planning Partners Inc. Takes $254,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Avantax Planning Partners Inc. purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,470 shares of the basic materials company’s stock, valued at approximately $254,000.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Cal-Maine Foods by 3.0% in the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after acquiring an additional 46,187 shares during the last quarter. Pacer Advisors Inc. increased its position 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 acquiring an additional 64,489 shares during the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 10,984 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Cal-Maine Foods by 17.3% in the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock valued at $53,272,000 after acquiring an additional 76,387 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.45% of the company’s stock.

Analyst Upgrades and Downgrades

CALM has been the topic of a number of recent research reports. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Stephens reissued an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods Stock Down 1.3 %

Shares of NASDAQ CALM opened at $86.46 on Thursday. The business’s 50 day moving average price is $101.43 and its two-hundred day moving average price is $92.83. The company has a market cap of $4.24 billion, a PE ratio of 6.73 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $55.00 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last announced 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 firm had revenue of $954.70 million for the quarter, compared to the consensus estimate 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 was up 82.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, research analysts anticipate 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.