Fisher Asset Management LLC Boosts Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Fisher Asset Management LLC raised its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,664 shares of the basic materials company's stock after buying an additional 9,345 shares during the quarter. Fisher Asset Management LLC owned about 0.56% of Cal-Maine Foods worth $28,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in shares of Cal-Maine Foods by 3.0% during the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company's stock valued at $120,447,000 after buying an additional 46,187 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Cal-Maine Foods by 4.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after buying an additional 64,489 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cal-Maine Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock worth $74,000,000 after purchasing an additional 10,984 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Cal-Maine Foods by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company's stock worth $46,490,000 after purchasing an additional 20,528 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock worth $53,272,000 after acquiring an additional 76,387 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

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Cal-Maine Foods Stock Performance

CALM stock traded down $2.41 during trading on Thursday, reaching $81.78. The company had a trading volume of 740,487 shares, compared to its average volume of 952,802. The firm has a 50-day simple moving average of $103.39 and a 200-day simple moving average of $92.38. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 6.36 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 released its earnings results 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. The company had revenue of $954.70 million during the quarter, compared to analysts' expectations of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods's revenue for the quarter was up 82.5% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. Sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 13.45% of the company's stock.

Cal-Maine Foods 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.