Asset Management One Co. Ltd. Raises Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Asset Management One Co. Ltd. boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 1,061.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,924 shares of the basic materials company's stock after buying an additional 30,089 shares during the period. Asset Management One Co. Ltd. owned approximately 0.07% of Cal-Maine Foods worth $3,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Savant Capital LLC raised its holdings in Cal-Maine Foods by 2.5% in the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after buying an additional 92 shares during the period. Martingale Asset Management L P grew its position in Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company's stock valued at $2,943,000 after acquiring an additional 145 shares in the last quarter. Stifel Financial Corp grew its position in Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock valued at $1,126,000 after acquiring an additional 188 shares in the last quarter. Quarry LP grew its position in Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $141,000 after acquiring an additional 267 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock traded up $0.54 on Friday, reaching $90.65. 412,338 shares of the company were exchanged, compared to its average volume of 920,841. Cal-Maine Foods, Inc. has a 1-year low of $54.88 and a 1-year high of $116.41. The company has a market cap of $4.45 billion, a P/E ratio of 7.03 and a beta of -0.12. The stock's 50 day moving average price is $105.93 and its 200-day moving average price is $90.99.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 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 the consensus estimate of $751.50 million. During the same period in the previous year, the company posted $0.35 earnings per share. The business's revenue for the quarter was up 82.5% on a year-over-year basis. On average, research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th.

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the company'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 value of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.45% of the company's stock.

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.