Vestcor Inc Acquires 4,621 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Vestcor Inc increased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,458 shares of the basic materials company's stock after acquiring an additional 4,621 shares during the period. Vestcor Inc owned approximately 0.08% of Cal-Maine Foods worth $4,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CALM. Quarry LP raised its holdings in shares of Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after purchasing an additional 189 shares in the last quarter. Smartleaf Asset Management LLC grew its position in 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 worth $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Cal-Maine Foods in the fourth quarter valued at $134,000. GAMMA Investing LLC lifted its position in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after acquiring an additional 267 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of 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 worth $148,000 after acquiring an additional 1,118 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction on 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 sale, the director now directly owns 42,761 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Stock Down 4.1 %

Shares of CALM traded down $3.73 during mid-day trading on Tuesday, reaching $87.97. The company's stock had a trading volume of 1,070,623 shares, compared to its average volume of 646,770. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 6.85 and a beta of -0.12. The business has a fifty day moving average of $100.18 and a 200 day moving average of $93.27. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41.

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

Analysts Set New Price Targets

CALM has been the subject of several analyst reports. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens reaffirmed an "equal weight" rating and set a $97.00 price objective 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.