Canada Pension Plan Investment Board Has $3.27 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Canada Pension Plan Investment Board lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,800 shares of the basic materials company's stock after selling 91,800 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of Cal-Maine Foods worth $3,273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MML Investors Services LLC boosted its stake in Cal-Maine Foods by 9.6% in the 3rd quarter. MML Investors Services LLC now owns 4,464 shares of the basic materials company's stock worth $334,000 after purchasing an additional 392 shares during the period. Barclays PLC raised its position in Cal-Maine Foods by 48.3% in the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock valued at $7,749,000 after buying an additional 33,731 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Cal-Maine Foods by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,935 shares of the basic materials company's stock valued at $519,000 after acquiring an additional 467 shares in the last quarter. World Investment Advisors LLC acquired a new position in Cal-Maine Foods during the 3rd quarter worth approximately $1,585,000. Finally, Tidal Investments LLC grew its stake in shares of Cal-Maine Foods by 418.6% during the 3rd quarter. Tidal Investments LLC now owns 47,653 shares of the basic materials company's stock worth $3,566,000 after acquiring an additional 38,465 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.45% of the company's stock.

Analysts Set New Price Targets

CALM has been the subject of a number of recent research reports. Stephens restated an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday.

Cal-Maine Foods Stock Up 2.3 %

Shares of CALM traded up $2.13 during mid-day trading on Friday, hitting $94.81. 775,260 shares of the company's stock were exchanged, compared to its average volume of 723,724. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41. The stock's 50-day simple moving average is $90.69 and its 200-day simple moving average is $96.87. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 7.38 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating 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 firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. During the same period in the previous year, the firm earned $3.00 EPS. The company's quarterly revenue was up 101.6% compared to the same quarter last year. Analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

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.