Cal-Maine Foods, Inc. (NASDAQ:CALM) Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 131.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,561 shares of the basic materials company's stock after purchasing an additional 73,596 shares during the period. Intech Investment Management LLC owned approximately 0.26% of Cal-Maine Foods worth $13,334,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its holdings 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 purchasing an additional 189 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Cal-Maine Foods by 339.1% in the 4th 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. Daiwa Securities Group Inc. acquired a new stake in Cal-Maine Foods in the 4th quarter valued at $134,000. GAMMA Investing LLC increased its holdings 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 purchasing an additional 267 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Cal-Maine Foods by 350.5% during the fourth 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. 84.67% of the stock is currently owned by institutional investors and hedge funds.

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Cal-Maine Foods Stock Up 0.5 %

Shares of Cal-Maine Foods stock traded up $0.48 during trading hours on Friday, hitting $89.20. 1,669,091 shares of the company's stock traded hands, compared to its average volume of 653,804. The stock has a 50 day simple moving average of $98.98 and a 200-day simple moving average of $93.44. The company has a market cap of $4.37 billion, a PE ratio of 6.94 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $55.00 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results 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 net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $954.70 million for the quarter, compared to analysts' expectations of $751.50 million. During the same quarter last year, the company posted $0.35 earnings per share. The company's quarterly revenue was up 82.5% compared to the same quarter last year. As a group, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 13.45% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Stephens restated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

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.