Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Vestcor Inc

Vestcor Inc grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 39,458 shares of the basic materials company’s stock after acquiring an additional 4,621 shares during the quarter. Vestcor Inc’s holdings in Cal-Maine Foods were worth $4,061,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP raised its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 189 shares during the period. Smartleaf Asset Management LLC increased its position in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods in the 4th quarter worth about $134,000. GAMMA Investing LLC increased its position in Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 267 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction 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 directly owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stephens reaffirmed an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Stock Down 6.5 %

Cal-Maine Foods stock opened at $80.87 on Friday. The business has a 50 day moving average price of $101.43 and a two-hundred day moving average price of $92.83. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 6.29 and a beta of -0.12. Cal-Maine Foods, Inc. has a 12 month low of $55.00 and a 12 month high of $116.41.

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