BI Asset Management Fondsmaeglerselskab A S Purchases New Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,024 shares of the basic materials company's stock, valued at approximately $3,296,000. BI Asset Management Fondsmaeglerselskab A S owned 0.07% of Cal-Maine Foods at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after acquiring an additional 1,118 shares in the last quarter. Vest Financial LLC lifted its position in shares of Cal-Maine Foods by 17.2% during the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock valued at $2,424,000 after buying an additional 3,449 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Cal-Maine Foods by 1,061.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock valued at $3,330,000 after purchasing an additional 30,089 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after purchasing an additional 797 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in Cal-Maine Foods by 112.4% in the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock valued at $1,215,000 after purchasing an additional 6,247 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the sale, the insider now directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Trading Up 2.3 %

CALM stock traded up $2.13 during midday trading on Friday, hitting $94.81. 775,093 shares of the company's stock were exchanged, compared to its average volume of 723,163. The firm has a 50 day moving average price of $90.62 and a 200-day moving average price of $96.82. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 7.38 and a beta of 0.11. Cal-Maine Foods, Inc. has a 12-month low of $55.15 and a 12-month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same quarter last year, the company posted $3.00 earnings per share. Cal-Maine Foods's revenue was up 101.6% on a year-over-year basis. On average, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on CALM shares. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Thursday. Stephens reissued an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday.

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.