American Century Companies Inc. Buys 143,189 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

American Century Companies Inc. grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,266,621 shares of the basic materials company's stock after acquiring an additional 143,189 shares during the quarter. American Century Companies Inc. owned about 2.58% of Cal-Maine Foods worth $130,361,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Quarry LP raised its holdings in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after buying an additional 189 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods in the fourth quarter worth $134,000. GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after buying an additional 267 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings 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 buying an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

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Insider Buying and Selling

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

Cal-Maine Foods Stock Down 0.6 %

Cal-Maine Foods stock traded down $0.59 during midday trading on Thursday, reaching $92.21. 556,390 shares of the stock traded hands, compared to its average volume of 654,582. The stock has a market cap of $4.52 billion, a P/E ratio of 7.18 and a beta of -0.12. The stock's fifty day moving average is $98.00 and its 200-day moving average is $94.11. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to analysts' expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm's revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CALM has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Tuesday. Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods 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.