Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,188 shares of the basic materials company's stock after acquiring an additional 7,131 shares during the quarter. Envestnet Asset Management Inc. owned about 0.31% of Cal-Maine Foods worth $15,457,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. purchased a new position in shares of Cal-Maine Foods in the 4th quarter worth approximately $774,000. Wells Fargo & Company MN boosted its position in shares of Cal-Maine Foods by 14.6% in the 4th quarter. Wells Fargo & Company MN now owns 82,244 shares of the basic materials company's stock worth $8,465,000 after purchasing an additional 10,505 shares in the last quarter. Landscape Capital Management L.L.C. increased its position in Cal-Maine Foods by 10.4% during the 4th quarter. Landscape Capital Management L.L.C. now owns 71,510 shares of the basic materials company's stock valued at $7,360,000 after buying an additional 6,730 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Cal-Maine Foods by 192.5% in the fourth quarter. Headlands Technologies LLC now owns 7,512 shares of the basic materials company's stock worth $773,000 after acquiring an additional 4,944 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $391,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods 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 transaction, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Performance

NASDAQ CALM traded down $1.01 during trading hours on Friday, reaching $91.49. The stock had a trading volume of 1,949,008 shares, compared to its average volume of 716,116. Cal-Maine Foods, Inc. has a 52-week low of $55.15 and a 52-week high of $116.41. The stock has a fifty day moving average of $91.78 and a 200 day moving average of $96.42. The stock has a market cap of $4.49 billion, a P/E ratio of 7.12 and a beta of 0.11.

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stephens reiterated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th.

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.