Amundi Purchases 13,932 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Amundi boosted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 194.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,097 shares of the basic materials company's stock after acquiring an additional 13,932 shares during the quarter. Amundi's holdings in Cal-Maine Foods were worth $2,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. bought a new stake in shares of Cal-Maine Foods during the third quarter worth $231,000. Victory Capital Management Inc. raised its holdings in Cal-Maine Foods by 29.5% during the 3rd quarter. Victory Capital Management Inc. now owns 129,067 shares of the basic materials company's stock worth $9,659,000 after purchasing an additional 29,435 shares during the last quarter. Natixis Advisors LLC bought a new position in shares of Cal-Maine Foods in the 3rd quarter valued at about $766,000. Quest Partners LLC boosted its stake in shares of Cal-Maine Foods by 50,918.2% in the 3rd quarter. Quest Partners LLC now owns 5,612 shares of the basic materials company's stock valued at $420,000 after purchasing an additional 5,601 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of Cal-Maine Foods by 1.5% during the third quarter. King Luther Capital Management Corp now owns 58,176 shares of the basic materials company's stock worth $4,354,000 after buying an additional 837 shares during the last quarter. Institutional investors and hedge funds 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 Cal-Maine Foods stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 13.45% of the stock is owned by company insiders.

Analyst Ratings Changes

CALM has been the subject of a number of analyst reports. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens reaffirmed an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Cal-Maine Foods Stock Performance

NASDAQ:CALM traded up $0.48 during trading hours on Friday, hitting $89.20. The stock had a trading volume of 1,657,765 shares, compared to its average volume of 653,400. The business's 50 day moving average is $99.24 and its 200-day moving average is $93.32. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 6.94 and a beta of -0.12. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year 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 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter last year, the business posted $0.35 EPS. The firm's revenue was up 82.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.