Bank of New York Mellon Corp Has $53.27 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Bank of New York Mellon Corp lifted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 517,609 shares of the basic materials company's stock after acquiring an additional 76,387 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.06% of Cal-Maine Foods worth $53,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial River Investments LLC bought a new stake in shares of Cal-Maine Foods during the fourth quarter worth $203,000. Navellier & Associates Inc. bought a new stake in Cal-Maine Foods in the fourth quarter valued at about $1,938,000. Hussman Strategic Advisors Inc. bought a new stake in Cal-Maine Foods in the fourth quarter valued at about $1,081,000. Handelsbanken Fonder AB increased its holdings in Cal-Maine Foods by 13.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the basic materials company's stock valued at $683,000 after purchasing an additional 800 shares during the last quarter. Finally, Empower Advisory Group LLC bought a new stake in Cal-Maine Foods in the fourth quarter valued at about $235,000. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Up 5.5 %

NASDAQ CALM traded up $4.53 on Friday, reaching $87.18. The company had a trading volume of 1,149,584 shares, compared to its average volume of 980,302. Cal-Maine Foods, Inc. has a 52 week low of $55.00 and a 52 week high of $116.41. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 6.78 and a beta of -0.12. The stock's 50 day moving average is $102.35 and its 200-day moving average is $92.50.

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Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $954.70 million during the quarter, compared to analysts' expectations of $751.50 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The company's revenue was up 82.5% on a year-over-year basis. As a group, analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CALM shares. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens reiterated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday.

Insider Buying and Selling at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.45% of the company's stock.

About Cal-Maine Foods

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.